Zions Bancorporation N.A. Invests $113,000 in Vertiv Holdings Co (NYSE:VRT)

Zions Bancorporation N.A. bought a new stake in Vertiv Holdings Co (NYSE:VRT) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 995 shares of the company’s stock, valued at approximately $113,000.

Other large investors also recently bought and sold shares of the company. SOA Wealth Advisors LLC. purchased a new position in shares of Vertiv in the 4th quarter worth $26,000. Mark Sheptoff Financial Planning LLC lifted its holdings in shares of 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 acquiring an additional 200 shares during the last quarter. Brooklyn Investment Group purchased a new position in Vertiv in the third quarter worth about $30,000. OLD Second National Bank of Aurora bought a new stake in Vertiv during the fourth quarter worth approximately $30,000. Finally, Tradewinds Capital Management LLC raised its position in Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after purchasing an additional 111 shares during the period. Institutional investors own 89.92% of the company’s stock.

Analyst Ratings Changes

VRT has been the topic of several analyst reports. Evercore ISI cut their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Melius Research reissued a “hold” rating and issued a $125.00 target price on shares of Vertiv in a research note on Tuesday, January 28th. Morgan Stanley initiated coverage on shares of Vertiv in a research note on Monday, January 6th. They set an “overweight” rating and a $150.00 price target for the company. Citigroup increased their price objective on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Royal Bank of Canada began coverage on Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $135.33.

Vertiv Stock Down 10.8 %

NYSE:VRT opened at $81.73 on Thursday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. Vertiv Holdings Co has a 1-year low of $62.40 and a 1-year high of $155.84. The company has a 50-day moving average of $105.10 and a 200 day moving average of $111.48. The firm has a market cap of $31.12 billion, a PE ratio of 63.85, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating 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 quarter in the prior year, the firm earned $0.56 EPS. As a group, research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.0375 per share. 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 (DPR) is currently 11.72%.

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.