BTG Pactual Asset Management US LLC Purchases 451 Shares of Vertiv Holdings Co (NYSE:VRT)

BTG Pactual Asset Management US LLC increased its position in shares of Vertiv Holdings Co (NYSE:VRT) by 18.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,919 shares of the company’s stock after acquiring an additional 451 shares during the quarter. BTG Pactual Asset Management US LLC’s holdings in Vertiv were worth $332,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Optimize Financial Inc bought a new position in shares of Vertiv in the 4th quarter valued at about $329,000. Townsquare Capital LLC boosted its stake in Vertiv by 23.4% in the fourth quarter. Townsquare Capital LLC now owns 6,160 shares of the company’s stock valued at $700,000 after acquiring an additional 1,170 shares during the last quarter. Grandeur Peak Global Advisors LLC grew its holdings in Vertiv by 62.4% during the 4th quarter. Grandeur Peak Global Advisors LLC now owns 23,916 shares of the company’s stock worth $2,717,000 after acquiring an additional 9,185 shares during the period. Sterling Capital Management LLC raised its position in shares of Vertiv by 11.6% during the 4th quarter. Sterling Capital Management LLC now owns 93,563 shares of the company’s stock valued at $10,630,000 after acquiring an additional 9,744 shares during the last quarter. Finally, Heritage Trust Co acquired a new position in shares of Vertiv in the 4th quarter valued at $272,000. Institutional investors own 89.92% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on VRT. Morgan Stanley initiated coverage on Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective for the company. Roth Mkm initiated coverage on shares of Vertiv in a research report on Tuesday, April 8th. They issued a “buy” rating and a $75.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Vertiv from $132.00 to $100.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Fox Advisors assumed coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating for the company. Finally, Royal Bank of Canada initiated coverage on shares of Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 price target on the stock. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Vertiv presently has an average rating of “Moderate Buy” and a consensus price target of $125.50.

Vertiv Stock Up 2.4 %

Shares of Vertiv stock opened at $69.39 on Monday. Vertiv Holdings Co has a 52-week low of $53.60 and a 52-week high of $155.84. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The business’s 50 day simple moving average is $89.17 and its 200 day simple moving average is $109.56. The firm 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.

Vertiv (NYSE:VRT) last announced its quarterly earnings data 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 last year, the firm earned $0.56 EPS. On average, analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.22%. The ex-dividend date was Tuesday, March 18th. Vertiv’s payout ratio is 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.