Fox Hill Wealth Management Has $836,000 Holdings in Vertiv Holdings Co (NYSE:VRT)

Fox Hill Wealth Management cut its holdings in Vertiv Holdings Co (NYSE:VRT) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,358 shares of the company’s stock after selling 501 shares during the quarter. Fox Hill Wealth Management’s holdings in Vertiv were worth $836,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in VRT. SOA Wealth Advisors LLC. acquired a new position in Vertiv in the fourth quarter valued at approximately $26,000. Mark Sheptoff Financial Planning LLC lifted its stake in Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after buying an additional 200 shares during the period. Brooklyn Investment Group acquired a new position in Vertiv in the third quarter valued at approximately $30,000. OLD Second National Bank of Aurora acquired a new position in Vertiv in the fourth quarter valued at approximately $30,000. Finally, Tradewinds Capital Management LLC lifted its stake in Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after buying an additional 111 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Stock Down 5.0 %

Shares of NYSE:VRT opened at $84.65 on Wednesday. The company has a market capitalization of $32.23 billion, a PE ratio of 66.13, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. 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 business has a fifty day moving average price of $109.87 and a two-hundred day moving average price of $111.18. Vertiv Holdings Co has a 1 year low of $62.40 and a 1 year high of $155.84.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping 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 quarter in the prior year, the business posted $0.56 earnings per share. Analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The company 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 dividend of $0.0375 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.18%. Vertiv’s payout ratio is 11.72%.

Wall Street Analysts Forecast Growth

VRT has been the topic of several recent analyst reports. Morgan Stanley initiated coverage on Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target on the stock. TD Cowen upped their target price on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Mizuho upped their target price on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Evercore ISI lowered their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Finally, Citigroup upped their target price on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus 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.