Sierra Summit Advisors LLC Acquires 18,596 Shares of Vertiv Holdings Co (NYSE:VRT)

Sierra Summit Advisors LLC raised its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 24.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 93,136 shares of the company’s stock after purchasing an additional 18,596 shares during the period. Vertiv accounts for about 2.1% of Sierra Summit Advisors LLC’s portfolio, making the stock its 17th largest position. Sierra Summit Advisors LLC’s holdings in Vertiv were worth $10,581,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of VRT. Silverleafe Capital Partners LLC purchased a new position in Vertiv in the fourth quarter valued at about $4,219,000. Foundations Investment Advisors LLC grew its position in shares of Vertiv by 7.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock worth $21,076,000 after buying an additional 13,559 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Vertiv by 67.0% during the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock worth $1,043,000 after acquiring an additional 3,682 shares in the last quarter. Gordian Capital Singapore Pte Ltd raised its stake in shares of Vertiv by 112.5% during the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock worth $846,000 after acquiring an additional 4,500 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in Vertiv by 3,417.9% during the fourth quarter. Nordea Investment Management AB now owns 964,104 shares of the company’s stock valued at $110,544,000 after acquiring an additional 936,698 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Evercore ISI cut their price target on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Citigroup upped their target price on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Royal Bank of Canada began coverage on Vertiv in a report on Friday, March 7th. They issued an “outperform” rating and a $121.00 price target for the company. Morgan Stanley started coverage on shares of Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective on the stock. Finally, Barclays lowered their target price 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. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $134.67.

Vertiv Price Performance

NYSE:VRT opened at $59.42 on Monday. The firm’s fifty day moving average is $95.23 and its two-hundred day moving average is $111.10. The firm has a market cap of $22.63 billion, a price-to-earnings ratio of 46.43, a PEG ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a one year low of $51.42 and a one year 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 issued its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping 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 period in the prior year, the business earned $0.56 EPS. Research analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.25%. The ex-dividend date was Tuesday, March 18th. Vertiv’s dividend payout ratio is currently 11.72%.

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.