Sandy Spring Bank Grows Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Sandy Spring Bank lifted its position in shares of Vertiv Holdings Co (NYSE:VRT) by 38.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,037 shares of the company’s stock after buying an additional 5,264 shares during the quarter. Sandy Spring Bank’s holdings in Vertiv were worth $2,163,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Fifth Third Bancorp lifted its stake in Vertiv by 8.1% in the 4th quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock worth $128,000 after purchasing an additional 84 shares in the last quarter. Accurate Wealth Management LLC lifted its stake in Vertiv by 4.1% in the 4th quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock worth $254,000 after purchasing an additional 87 shares in the last quarter. Tradewinds Capital Management LLC lifted its stake in Vertiv by 61.3% in 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 in the last quarter. Bouvel Investment Partners LLC lifted its stake in Vertiv by 1.1% in the 4th quarter. Bouvel Investment Partners LLC now owns 11,097 shares of the company’s stock worth $1,261,000 after purchasing an additional 117 shares in the last quarter. Finally, Petra Financial Advisors Inc. lifted its stake in Vertiv by 2.2% in the 4th quarter. Petra Financial Advisors Inc. now owns 5,479 shares of the company’s stock worth $623,000 after purchasing an additional 119 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Stock Performance

Shares of NYSE:VRT opened at $89.07 on Friday. 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 $33.92 billion, a price-to-earnings ratio of 69.59, a PEG ratio of 1.07 and a beta of 1.71. The firm’s 50-day moving average is $108.26 and its 200 day moving average is $110.87. Vertiv Holdings Co has a 12 month low of $62.40 and a 12 month high of $155.84.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. During the same period in the prior year, the company posted $0.56 EPS. Research analysts predict 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 paid a $0.0375 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.17%. Vertiv’s dividend payout ratio is currently 11.72%.

Analyst Ratings Changes

Several analysts have commented on VRT shares. Barclays decreased their price target on shares of 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 boosted their target price on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Royal Bank of Canada began coverage on shares of Vertiv in a report on Friday, March 7th. They issued an “outperform” rating and a $121.00 target price on the stock. Evercore ISI reduced their target price on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Finally, Melius Research restated a “hold” rating and issued a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.