Scotia Capital Inc. Buys 3,201 Shares of Vertiv Holdings Co (NYSE:VRT)

Scotia Capital Inc. boosted its stake in Vertiv Holdings Co (NYSE:VRT) by 18.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,952 shares of the company’s stock after acquiring an additional 3,201 shares during the quarter. Scotia Capital Inc.’s holdings in Vertiv were worth $2,380,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VRT. SOA Wealth Advisors LLC. bought a new stake in shares of Vertiv in the fourth quarter valued at about $26,000. OLD Second National Bank of Aurora acquired a new stake in Vertiv in the 4th quarter valued at approximately $30,000. 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 valued at $33,000 after acquiring an additional 111 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Vertiv during the 4th quarter worth approximately $34,000. Finally, Pittenger & Anderson Inc. grew its stake in shares of Vertiv by 92.0% during the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock worth $36,000 after acquiring an additional 150 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Stock Performance

NYSE VRT opened at $69.39 on Friday. Vertiv Holdings Co has a 52-week low of $53.60 and a 52-week high of $155.84. The stock has a market cap of $26.42 billion, a PE ratio of 54.21, a P/E/G ratio of 1.07 and a beta of 1.71. The firm has a 50-day moving average of $89.17 and a 200-day moving average of $109.50. 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 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 business earned $0.56 EPS. On average, sell-side analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were paid a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.22%. Vertiv’s dividend payout ratio (DPR) is presently 11.72%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on VRT. Roth Mkm started coverage on shares of Vertiv in a report on Tuesday, April 8th. They set a “buy” rating and a $75.00 target price for the company. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research report on Tuesday, January 28th. Evercore ISI dropped their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Fox Advisors began coverage on Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating for the company. Finally, 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. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $125.50.

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.