SPX Gestao de Recursos Ltda Invests $21.59 Million in Vertiv Holdings Co (NYSE:VRT)

SPX Gestao de Recursos Ltda purchased a new position in Vertiv Holdings Co (NYSE:VRT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 190,000 shares of the company's stock, valued at approximately $21,586,000. Vertiv comprises approximately 3.2% of SPX Gestao de Recursos Ltda's holdings, making the stock its 9th largest position. SPX Gestao de Recursos Ltda owned 0.05% of Vertiv at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. SOA Wealth Advisors LLC. acquired a new position in Vertiv during the 4th quarter worth approximately $26,000. OLD Second National Bank of Aurora purchased a new stake in Vertiv during the 4th quarter worth approximately $30,000. Tradewinds Capital Management LLC increased its holdings in Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after purchasing an additional 111 shares during the last quarter. Mark Sheptoff Financial Planning LLC increased its holdings in Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock worth $30,000 after purchasing an additional 200 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in Vertiv during the 4th quarter worth approximately $34,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Stock Up 4.1 %

NYSE:VRT traded up $3.42 during trading hours on Wednesday, hitting $86.54. 7,252,954 shares of the company's stock traded hands, compared to its average volume of 10,982,706. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. Vertiv Holdings Co has a twelve month low of $62.40 and a twelve month high of $155.84. The stock's fifty day moving average price is $113.71 and its two-hundred day moving average price is $110.98. The firm has a market cap of $32.95 billion, a P/E ratio of 67.57, a P/E/G ratio of 1.07 and a beta of 1.71.

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Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same quarter in the prior year, the firm posted $0.56 earnings per share. On average, research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.17%. Vertiv's dividend payout ratio (DPR) is 11.72%.

Wall Street Analyst Weigh In

VRT has been the subject of a number of research analyst reports. Royal Bank of Canada initiated coverage on Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price target for the company. Oppenheimer upped their price objective on Vertiv from $121.00 to $131.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. Mizuho upped their price objective on Vertiv from $125.00 to $145.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. Barclays cut their price objective on Vertiv from $131.00 to $111.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Finally, Melius lowered Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price objective for the company. in a report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $136.07.

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.