Telemark Asset Management LLC Acquires 90,000 Shares of Vertiv Holdings Co (NYSE:VRT)

Telemark Asset Management LLC increased its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 300.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 120,000 shares of the company's stock after buying an additional 90,000 shares during the period. Vertiv accounts for approximately 1.4% of Telemark Asset Management LLC's investment portfolio, making the stock its 25th biggest position. Telemark Asset Management LLC's holdings in Vertiv were worth $13,633,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. SOA Wealth Advisors LLC. acquired a new position in Vertiv during the fourth quarter worth $26,000. Mark Sheptoff Financial Planning LLC increased its holdings in Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock worth $30,000 after buying an additional 200 shares during the last quarter. Brooklyn Investment Group acquired a new position in Vertiv during the third quarter worth $30,000. OLD Second National Bank of Aurora acquired a new position in Vertiv during the fourth quarter worth $30,000. Finally, Tradewinds Capital Management LLC increased its holdings in Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after buying an additional 111 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Stock Down 2.3 %

Shares of VRT traded down $1.92 during trading hours on Thursday, reaching $83.46. The stock had a trading volume of 8,074,362 shares, compared to its average volume of 10,981,291. Vertiv Holdings Co has a 12 month low of $62.40 and a 12 month high of $155.84. The firm has a 50-day simple moving average of $112.45 and a 200 day simple moving average of $110.61. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $31.78 billion, a price-to-earnings ratio of 65.20, 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 issued its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 period in the previous year, the company posted $0.56 EPS. Equities research analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 18th will be issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date is Tuesday, March 18th. Vertiv's dividend payout ratio is currently 11.72%.

Analyst Upgrades and Downgrades

Several research firms have commented on VRT. Citigroup upped their price objective on shares of Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a report on Monday, December 9th. JPMorgan Chase & Co. upped their price objective on shares of Vertiv from $124.00 to $132.00 and gave the company an "overweight" rating in a report on Tuesday, November 19th. Melius downgraded shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price objective on the stock. in a report on Tuesday, January 28th. Oppenheimer upped their price objective on shares of Vertiv from $121.00 to $131.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. Finally, The Goldman Sachs Group upped their price objective on shares of Vertiv from $126.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $136.07.

Vertiv Company 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.