Envestnet Portfolio Solutions Inc. Has $9.98 Million Position in Vertiv Holdings Co (NYSE:VRT)

Envestnet Portfolio Solutions Inc. boosted its holdings in Vertiv Holdings Co (NYSE:VRT) by 10.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 87,828 shares of the company’s stock after acquiring an additional 8,197 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Vertiv were worth $9,978,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Silverleafe Capital Partners LLC acquired a new stake in Vertiv in the 4th quarter valued at $4,219,000. Foundations Investment Advisors LLC lifted its stake in Vertiv by 7.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock valued at $21,076,000 after acquiring an additional 13,559 shares in the last quarter. Empowered Funds LLC lifted its stake in Vertiv by 67.0% during the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock valued at $1,043,000 after acquiring an additional 3,682 shares in the last quarter. Gordian Capital Singapore Pte Ltd lifted its stake in Vertiv by 112.5% during the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock valued at $846,000 after acquiring an additional 4,500 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in Vertiv by 3,417.9% during the 4th quarter. Nordea Investment Management AB now owns 964,104 shares of the company’s stock valued at $110,544,000 after acquiring an additional 936,698 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Trading Up 1.8 %

Shares of VRT opened at $89.01 on Tuesday. The business has a 50-day moving average of $110.79 and a 200 day moving average of $111.17. Vertiv Holdings Co has a fifty-two week low of $62.40 and a fifty-two week high of $155.84. The firm has a market cap of $33.89 billion, a P/E ratio of 69.54, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. 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 (NYSE:VRT) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share 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 period last year, the company posted $0.56 earnings per share. As a group, research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The business 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 is Tuesday, March 18th. Vertiv’s payout ratio is presently 11.72%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on VRT shares. Royal Bank of Canada started coverage on Vertiv in a research note on Friday, March 7th. They set an “outperform” rating and a $121.00 price objective on the stock. Mizuho raised their price objective on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Barclays dropped their price objective on Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Citigroup raised their price objective on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, TD Cowen lifted their target price on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Vertiv currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.07.

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.