Vertiv Holdings Co (NYSE:VRT) Shares Purchased by Clark Capital Management Group Inc.

Clark Capital Management Group Inc. grew its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 20.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,233 shares of the company’s stock after acquiring an additional 8,545 shares during the period. Clark Capital Management Group Inc.’s holdings in Vertiv were worth $5,821,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SOA Wealth Advisors LLC. bought a new stake in shares of Vertiv during the 4th quarter valued at about $26,000. OLD Second National Bank of Aurora bought a new stake in Vertiv during the fourth quarter worth approximately $30,000. Tradewinds Capital Management LLC grew its holdings in shares of 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 acquiring an additional 111 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Vertiv during the 4th quarter worth about $34,000. Finally, Pittenger & Anderson Inc. boosted its stake in Vertiv by 92.0% in the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock worth $36,000 after purchasing an additional 150 shares during the period. Institutional investors own 89.92% of the company’s stock.

Vertiv Price Performance

Shares of NYSE:VRT opened at $95.72 on Friday. Vertiv Holdings Co has a 1-year low of $53.60 and a 1-year high of $155.84. 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 business’s 50 day moving average is $80.31 and its 200-day moving average is $106.38. The firm has a market capitalization of $36.48 billion, a PE ratio of 74.78, a PEG ratio of 1.07 and a beta of 1.70.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The firm’s revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Sell-side analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were given a $0.0375 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.16%. Vertiv’s payout ratio is 8.72%.

Analysts Set New Price Targets

VRT has been the subject of a number of research analyst reports. Cowen reissued a “buy” rating on shares of Vertiv in a research report on Thursday, April 24th. Citigroup dropped their price target on shares of Vertiv from $153.00 to $98.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Evercore ISI reduced their price objective on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Morgan Stanley dropped their target price on Vertiv from $140.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Finally, Barclays reduced their price target on Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a report on Friday, April 4th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $120.38.

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.