Mason & Associates Inc Takes $343,000 Position in Vertiv Holdings Co (NYSE:VRT)

Mason & Associates Inc purchased a new position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 3,023 shares of the company's stock, valued at approximately $343,000.

Several other institutional investors have also made changes to their positions in VRT. State Street Corp increased its position in Vertiv by 4.2% during the third quarter. State Street Corp now owns 7,635,081 shares of the company's stock worth $759,614,000 after buying an additional 308,704 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Vertiv by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company's stock worth $592,433,000 after acquiring an additional 408,054 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Vertiv by 10,825.0% during the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company's stock valued at $457,695,000 after acquiring an additional 4,558,306 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Vertiv by 271.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company's stock valued at $389,548,000 after acquiring an additional 2,860,181 shares in the last quarter. Finally, Westfield Capital Management Co. LP lifted its holdings in Vertiv by 1.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,611,566 shares of the company's stock worth $359,315,000 after purchasing an additional 40,696 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value of $4,373,094.44. Following the completion of the transaction, the insider now owns 19,448 shares in the company, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the sale, the executive vice president now owns 19,551 shares in the company, valued at $2,562,549.57. The trade was a 81.59 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 171,527 shares of company stock worth $23,105,682. Insiders own 5.01% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on VRT shares. TD Cowen lifted their price target on shares of Vertiv from $115.00 to $141.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Evercore ISI lifted their target price on shares of Vertiv from $125.00 to $135.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Fox Advisors assumed coverage on shares of Vertiv in a report on Monday, January 6th. They set an "equal weight" rating for the company. JPMorgan Chase & Co. raised their price target on Vertiv from $124.00 to $132.00 and gave the company an "overweight" rating in a research report on Tuesday, November 19th. Finally, Morgan Stanley began coverage on Vertiv in a research report on Monday, January 6th. They set an "overweight" rating and a $150.00 price objective for the company. Two investment 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.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $140.92.

Vertiv Price Performance

Shares of VRT traded up $0.78 during mid-day trading on Thursday, reaching $132.78. The company had a trading volume of 4,425,630 shares, compared to its average volume of 6,055,390. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The company has a market capitalization of $49.84 billion, a P/E ratio of 88.52, a P/E/G ratio of 0.99 and a beta of 1.63. Vertiv Holdings Co has a twelve month low of $48.86 and a twelve month high of $145.67. The company's 50-day moving average is $125.65 and its 200-day moving average is $102.95.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The company had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $1.98 billion. During the same period last year, the business earned $0.52 earnings per share. The business's revenue was up 19.0% on a year-over-year basis. On average, equities analysts anticipate that Vertiv Holdings Co will post 2.69 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 paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.11%. This is a boost 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 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.