LaSalle St. Investment Advisors LLC Takes $293,000 Position in Vertiv Holdings Co (NYSE:VRT)

LaSalle St. Investment Advisors LLC bought a new position in shares of Vertiv Holdings Co (NYSE:VRT) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 2,581 shares of the company’s stock, valued at approximately $293,000.

Several other hedge funds have also recently bought and sold shares of VRT. Mariner LLC lifted its position in shares of Vertiv by 10.9% during the fourth quarter. Mariner LLC now owns 51,870 shares of the company’s stock worth $5,894,000 after purchasing an additional 5,097 shares in the last quarter. Barclays PLC increased its stake in Vertiv by 12.6% during the 4th quarter. Barclays PLC now owns 485,798 shares of the company’s stock worth $55,192,000 after buying an additional 54,212 shares during the period. BTG Pactual Asset Management US LLC lifted its holdings in Vertiv by 18.3% during the 4th quarter. BTG Pactual Asset Management US LLC now owns 2,919 shares of the company’s stock worth $332,000 after buying an additional 451 shares in the last quarter. Optimize Financial Inc purchased a new position in Vertiv in the 4th quarter valued at approximately $329,000. Finally, Townsquare Capital LLC grew its stake in shares of Vertiv by 23.4% in the fourth quarter. Townsquare Capital LLC now owns 6,160 shares of the company’s stock worth $700,000 after acquiring an additional 1,170 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Up 2.6 %

Shares of NYSE VRT opened at $71.41 on Tuesday. The stock has a market cap of $27.19 billion, a PE ratio of 55.79, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 52-week low of $53.60 and a 52-week high of $155.84. The business has a 50-day moving average price of $88.22 and a 200 day moving average price of $109.37. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (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 quarter last year, the firm earned $0.56 EPS. Equities research analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv’s dividend payout ratio is currently 11.72%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on VRT shares. Morgan Stanley started coverage on Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price for the company. Roth Mkm initiated coverage on Vertiv in a research note on Tuesday, April 8th. They issued a “buy” rating and a $75.00 price objective for the company. The Goldman Sachs Group cut their target price on shares of Vertiv from $135.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Barclays decreased their price target on shares of Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a research note on Friday, April 4th. Finally, Citigroup dropped their price objective on shares of Vertiv from $153.00 to $98.00 and set a “buy” rating on the stock in a research report on Monday. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Vertiv presently has an average rating of “Moderate Buy” and a consensus target price of $121.94.

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.