1,870 Shares in Vertiv Holdings Co (NYSE:VRT) Acquired by SFE Investment Counsel

SFE Investment Counsel purchased a new stake in Vertiv Holdings Co (NYSE:VRT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,870 shares of the company’s stock, valued at approximately $212,000.

Several other institutional investors and hedge funds also recently made changes to their positions in VRT. SOA Wealth Advisors LLC. acquired a new position in Vertiv in the 4th quarter worth $26,000. Krane Funds Advisors LLC bought a new stake in shares of Vertiv in the third quarter valued at about $29,000. Global Trust Asset Management LLC acquired a new position in shares of Vertiv during the third quarter worth about $30,000. Mark Sheptoff Financial Planning LLC grew 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 in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Vertiv in the 3rd quarter valued at approximately $30,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on VRT shares. JPMorgan Chase & Co. upped their price target on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. Melius cut shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a report on Tuesday, January 28th. TD Cowen raised their price target on Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Bank of America upped their price objective on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, UBS Group initiated coverage on shares of Vertiv in a report on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price on the stock. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $139.36.

Insiders Place Their Bets

In other Vertiv news, Director Jan Van Dokkum sold 38,647 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $136.39, for a total value of $5,271,064.33. Following the completion of the sale, the director now owns 25,000 shares of the company’s stock, valued at $3,409,750. The trade was a 60.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the transaction, the insider now directly owns 19,448 shares in the company, valued at $2,751,114.08. This represents a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 171,527 shares of company stock worth $23,105,682 in the last 90 days. Company insiders own 5.01% of the company’s stock.

Vertiv Stock Performance

NYSE VRT opened at $111.34 on Thursday. Vertiv Holdings Co has a 52-week low of $55.00 and a 52-week high of $155.84. The stock has a market cap of $41.79 billion, a PE ratio of 74.23, a P/E/G ratio of 0.94 and a beta of 1.64. The firm has a 50-day moving average of $123.88 and a 200-day moving average of $108.11. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.15. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. During the same quarter in the prior year, the firm earned $0.56 earnings per share. On average, sell-side analysts anticipate that Vertiv Holdings Co will post 2.7 EPS for the current year.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. Vertiv’s dividend payout ratio is currently 6.67%.

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.