Hsbc Holdings PLC Raises Stock Position in Vertiv Holdings Co (NYSE:VRT)

Hsbc Holdings PLC grew its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 11.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 279,053 shares of the company’s stock after buying an additional 29,559 shares during the quarter. Hsbc Holdings PLC’s holdings in Vertiv were worth $31,813,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in VRT. SOA Wealth Advisors LLC. bought a new stake in Vertiv in the fourth quarter worth $26,000. OLD Second National Bank of Aurora purchased a new stake in shares of Vertiv in the fourth quarter valued at $30,000. Tradewinds Capital Management LLC lifted 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 acquiring an additional 111 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Vertiv in the 4th quarter worth about $34,000. Finally, Pittenger & Anderson Inc. boosted its stake in shares of Vertiv by 92.0% during the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock worth $36,000 after purchasing an additional 150 shares during the period. Institutional investors own 89.92% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group reduced their price target on Vertiv from $135.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Melius Research reiterated a “hold” rating and issued a $125.00 target price on shares of Vertiv in a research note on Tuesday, January 28th. KGI Securities assumed coverage on shares of Vertiv in a research note on Thursday. They set a “hold” rating for the company. Roth Capital raised shares of Vertiv to a “strong-buy” rating in a research note on Monday, April 7th. Finally, Roth Mkm assumed coverage on shares of Vertiv in a research report on Tuesday, April 8th. They issued a “buy” rating and a $75.00 price objective for the company. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $120.38.

Vertiv Stock Up 3.8 %

NYSE VRT opened at $87.06 on Friday. Vertiv Holdings Co has a one year low of $53.60 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. The business has a fifty day moving average price of $81.05 and a 200 day moving average price of $107.57. The company has a market cap of $33.15 billion, a P/E ratio of 68.02, a P/E/G ratio of 1.07 and a beta of 1.71.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. 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 was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were given a $0.0375 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.17%. Vertiv’s dividend payout ratio is currently 8.72%.

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.