Wellington Shields Capital Management LLC Makes New Investment in Vertiv Holdings Co (NYSE:VRT)

Wellington Shields Capital Management LLC bought a new position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 45,644 shares of the company's stock, valued at approximately $5,186,000.

A number of other large investors also recently made changes to their positions in VRT. SOA Wealth Advisors LLC. bought a new stake in Vertiv in the 4th quarter valued at about $26,000. Mark Sheptoff Financial Planning LLC raised its position in shares of Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock valued at $30,000 after buying an additional 200 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Vertiv in the third quarter valued at approximately $30,000. OLD Second National Bank of Aurora acquired a new stake in Vertiv during the fourth quarter worth approximately $30,000. Finally, Tradewinds Capital Management LLC increased its stake 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 acquiring an additional 111 shares during the period. Institutional investors own 89.92% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on VRT shares. Morgan Stanley began coverage on Vertiv in a research report on Monday, January 6th. They set an "overweight" rating and a $150.00 target price for the company. Oppenheimer boosted their price target on Vertiv from $121.00 to $131.00 and gave the company an "outperform" rating in a research note on Tuesday, November 19th. Melius Research reiterated a "hold" rating and set a $125.00 price objective on shares of Vertiv in a research note on Tuesday, January 28th. JPMorgan Chase & Co. boosted their target price on shares of Vertiv from $124.00 to $132.00 and gave the company an "overweight" rating in a research report on Tuesday, November 19th. Finally, Evercore ISI reduced their price target on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $136.07.

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Vertiv Price Performance

Shares of VRT traded up $4.45 during trading hours on Friday, reaching $87.54. The stock had a trading volume of 7,344,888 shares, compared to its average volume of 10,907,188. The stock has a market capitalization of $33.33 billion, a PE ratio of 68.39, a PEG ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 12 month low of $62.40 and a 12 month high of $155.84. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The company's 50-day moving average is $111.69 and its two-hundred day moving average is $110.68.

Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating 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 period in the prior year, the firm earned $0.56 earnings per share. Research analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

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

About Vertiv

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.