Farther Finance Advisors LLC Trims Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Farther Finance Advisors LLC cut its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 24.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,630 shares of the company’s stock after selling 1,195 shares during the quarter. Farther Finance Advisors LLC’s holdings in Vertiv were worth $412,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Fifth Third Bancorp increased its stake in shares of Vertiv by 8.1% in the fourth quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock worth $128,000 after buying an additional 84 shares during the last quarter. Accurate Wealth Management LLC grew its holdings in Vertiv by 4.1% during the 4th quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock worth $254,000 after acquiring an additional 87 shares in the last quarter. Tradewinds Capital Management LLC increased its position 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 purchasing an additional 111 shares during the last quarter. Bouvel Investment Partners LLC raised its stake in shares of Vertiv by 1.1% in the 4th quarter. Bouvel Investment Partners LLC now owns 11,097 shares of the company’s stock valued at $1,261,000 after purchasing an additional 117 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Vertiv by 16.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 837 shares of the company’s stock worth $95,000 after purchasing an additional 121 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Stock Performance

Shares of VRT stock opened at $89.01 on Tuesday. The business has a 50 day simple moving average of $110.79 and a 200 day simple moving average of $111.17. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The firm has a market capitalization of $33.89 billion, a price-to-earnings ratio of 69.54, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a 12-month low of $62.40 and a 12-month high of $155.84.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates 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 quarter last year, the business earned $0.56 EPS. On average, equities research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th will be paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date is Tuesday, March 18th. Vertiv’s dividend payout ratio is currently 11.72%.

Analysts Set New Price Targets

VRT has been the topic of several research reports. The Goldman Sachs Group upped their price objective on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Melius Research reissued a “hold” rating and set a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Citigroup lifted their price objective on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Barclays dropped their target price on shares of Vertiv from $131.00 to $111.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. Finally, Fox Advisors initiated coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $136.07.

Vertiv Company 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.