L & S Advisors Inc Trims Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

L & S Advisors Inc reduced its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 25.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,196 shares of the company’s stock after selling 5,780 shares during the quarter. L & S Advisors Inc’s holdings in Vertiv were worth $1,954,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of VRT. Fifth Third Bancorp lifted its position in shares of Vertiv by 8.1% during the fourth quarter. Fifth Third Bancorp now owns 1,126 shares of the company’s stock worth $128,000 after acquiring an additional 84 shares in the last quarter. Prestige Wealth Management Group LLC raised its stake in shares of Vertiv by 2.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company’s stock valued at $420,000 after purchasing an additional 85 shares during the period. Accurate Wealth Management LLC lifted 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 purchasing an additional 87 shares in the last quarter. Horizon Investment Services LLC boosted its stake in Vertiv by 4.1% in the 4th quarter. Horizon Investment Services LLC now owns 2,410 shares of the company’s stock worth $274,000 after purchasing an additional 95 shares during the period. Finally, Tradewinds Capital Management LLC grew its holdings in Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after buying an additional 111 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

Vertiv Price Performance

VRT stock opened at $74.32 on Friday. The firm has a market cap of $28.30 billion, a P/E ratio of 58.06, a P/E/G ratio of 1.07 and a beta of 1.71. The firm’s fifty day moving average is $102.74 and its 200 day moving average is $111.48. Vertiv Holdings Co has a 52 week low of $62.40 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.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (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 in the previous year, the company earned $0.56 EPS. Research analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were given a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.20%. Vertiv’s payout ratio is currently 11.72%.

Wall Street Analyst Weigh In

VRT has been the subject of a number of analyst reports. Barclays cut their price objective on shares of Vertiv from $111.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday. Royal Bank of Canada assumed coverage on shares of Vertiv in a report on Friday, March 7th. They issued an “outperform” rating and a $121.00 price target for the company. Melius cut shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a report on Tuesday, January 28th. Fox Advisors started coverage on Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating for the company. Finally, Citigroup raised their price target on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 9th. Four research analysts have rated the stock with a hold rating and eleven have issued a 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 $135.33.

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.