Achmea Investment Management B.V. Has $5.18 Million Position in Vertiv Holdings Co (NYSE:VRT)

Achmea Investment Management B.V. increased its stake in Vertiv Holdings Co (NYSE:VRT) by 1,257.1% in the 4th quarter, Holdings Channel reports. The firm owned 45,597 shares of the company’s stock after purchasing an additional 42,237 shares during the period. Achmea Investment Management B.V.’s holdings in Vertiv were worth $5,181,000 as of its most recent filing with the SEC.

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

Vertiv Stock Performance

Shares of NYSE:VRT opened at $87.54 on Friday. The business’s fifty day moving average price is $111.69 and its two-hundred day moving average price is $110.68. 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 stock has a market capitalization of $33.33 billion, a price-to-earnings ratio of 68.39, a price-to-earnings-growth ratio of 1.07 and a beta of 1.71. Vertiv Holdings Co has a fifty-two week low of $62.40 and a fifty-two week high of $155.84.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, February 12th. The company reported $0.99 EPS 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 previous year, the firm earned $0.56 EPS. As a group, analysts predict 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. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.17%. The ex-dividend date of this dividend is Tuesday, March 18th. Vertiv’s payout ratio is presently 11.72%.

Analysts Set New Price Targets

A number of research analysts have recently commented on VRT shares. Citigroup upped their price target on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Royal Bank of Canada started coverage on Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research report on Tuesday, November 19th. Morgan Stanley started coverage on Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective on the stock. Finally, Oppenheimer boosted their price objective on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $136.07.

Vertiv 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.