Assetmark Inc. Increases Holdings in Vertiv Holdings Co (NYSE:VRT)

Assetmark Inc. increased its stake in Vertiv Holdings Co (NYSE:VRT) by 2,000.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 546 shares of the company’s stock after purchasing an additional 520 shares during the quarter. Assetmark Inc.’s holdings in Vertiv were worth $62,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in VRT. SOA Wealth Advisors LLC. purchased a new position in Vertiv during the fourth quarter worth about $26,000. Mark Sheptoff Financial Planning LLC grew its position in Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after buying an additional 200 shares in the last quarter. Brooklyn Investment Group purchased a new position in Vertiv during the third quarter worth about $30,000. OLD Second National Bank of Aurora purchased a new position in Vertiv during the fourth quarter worth about $30,000. Finally, Tradewinds Capital Management LLC boosted 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 purchasing an additional 111 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Stock Up 5.3 %

Shares of NYSE:VRT opened at $87.54 on Friday. Vertiv Holdings Co has a 52-week low of $62.40 and a 52-week high of $155.84. The firm has a market capitalization of $33.33 billion, a P/E ratio of 68.39, a P/E/G ratio of 1.07 and a beta of 1.71. The stock has a 50 day moving average price of $111.69 and a 200-day moving average price of $110.89. 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 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 period in the prior year, the company posted $0.56 EPS. As a group, equities research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders 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 yield of 0.17%. Vertiv’s dividend payout ratio is 11.72%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on VRT. 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 objective for the company. JPMorgan Chase & Co. boosted their target price on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. Melius Research reissued a “hold” rating and issued a $125.00 target price on shares of Vertiv in a research note on Tuesday, January 28th. Oppenheimer boosted their target price on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Finally, Morgan Stanley assumed coverage on Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price for the company. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.