Xponance Inc. Grows Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Xponance Inc. increased its holdings in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 10.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,683 shares of the company's stock after buying an additional 6,322 shares during the period. Xponance Inc.'s holdings in Vertiv were worth $7,803,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. acquired a new position in shares of Vertiv during the fourth quarter valued at approximately $26,000. Mark Sheptoff Financial Planning LLC raised its stake in Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock valued at $30,000 after purchasing an additional 200 shares during the last quarter. Brooklyn Investment Group acquired a new position in Vertiv in the 3rd quarter valued at $30,000. OLD Second National Bank of Aurora purchased a new position in Vertiv in the 4th quarter valued at $30,000. Finally, Tradewinds Capital Management LLC boosted 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 purchasing an additional 111 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Trading Down 0.6 %

NYSE:VRT traded down $0.50 during trading hours on Friday, reaching $88.58. 5,238,546 shares of the stock were exchanged, compared to its average volume of 8,532,631. Vertiv Holdings Co has a twelve month low of $62.40 and a twelve month high of $155.84. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The business has a 50-day moving average of $107.46 and a two-hundred day moving average of $111.16. The company has a market capitalization of $33.73 billion, a price-to-earnings ratio of 69.20, a PEG ratio of 1.07 and a beta of 1.71.

Remove Ads

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating 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 quarter in the previous year, the business posted $0.56 earnings per share. On average, equities analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.17%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv's payout ratio is currently 11.72%.

Analyst Ratings Changes

Several research firms have recently weighed in on VRT. Fox Advisors began coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an "equal weight" rating on the stock. Melius cut Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price on the stock. in a report on Tuesday, January 28th. 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. Morgan Stanley started coverage on Vertiv in a research note on Monday, January 6th. They set an "overweight" rating and a $150.00 price objective on the stock. Finally, Evercore ISI cut their target price on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research note on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Vertiv presently has a consensus rating of "Moderate Buy" and a consensus price target 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.