Shorepoint Capital Partners LLC Purchases Shares of 10,650 Vertiv Holdings Co (NYSE:VRT)

Shorepoint Capital Partners LLC purchased a new position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,650 shares of the company's stock, valued at approximately $1,210,000.

Several other institutional investors have also bought and sold shares of VRT. SOA Wealth Advisors LLC. bought a new position in Vertiv in the 4th quarter valued at $26,000. OLD Second National Bank of Aurora bought a new position in Vertiv in the 4th quarter valued at $30,000. Tradewinds Capital Management LLC grew its stake in Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock valued at $33,000 after purchasing an additional 111 shares during the period. FNY Investment Advisers LLC bought a new position in Vertiv in the 4th quarter valued at $34,000. Finally, Pittenger & Anderson Inc. grew its stake in Vertiv by 92.0% in the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock valued at $36,000 after purchasing an additional 150 shares during the period. Institutional investors own 89.92% of the company's stock.

Analysts Set New Price Targets

VRT has been the subject of a number of recent analyst reports. Royal Bank of Canada initiated coverage on Vertiv in a research note on Friday, March 7th. They issued an "outperform" rating and a $121.00 price objective for the company. The Goldman Sachs Group cut their price target on Vertiv from $135.00 to $85.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Morgan Stanley cut their price target on Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a research note on Thursday. JPMorgan Chase & Co. cut their price target on Vertiv from $132.00 to $100.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Fox Advisors initiated coverage on Vertiv in a research note on Monday, January 6th. They set an "equal weight" rating for the company. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $120.38.

Vertiv Price Performance

Shares of NYSE:VRT traded down $0.82 on Monday, hitting $86.13. The company's stock had a trading volume of 8,861,150 shares, compared to its average volume of 8,988,314. The company has a 50-day simple moving average of $80.62 and a 200 day simple moving average of $107.39. Vertiv Holdings Co has a 1 year low of $53.60 and a 1 year high of $155.84. The company has a market capitalization of $32.80 billion, a PE ratio of 67.29, a PEG ratio of 1.07 and a beta of 1.71. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. The firm had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The company's revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 EPS. Sell-side analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were given a dividend of $0.0375 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.17%. Vertiv's payout ratio is currently 8.72%.

Vertiv Profile

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.