4,525 Shares in Vertiv Holdings Co (NYSE:VRT) Purchased by Arthur M. Cohen & Associates LLC

Arthur M. Cohen & Associates LLC acquired a new position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,525 shares of the company's stock, valued at approximately $514,000.

A number of other institutional investors and hedge funds have also bought and sold shares of VRT. Oppenheimer Asset Management Inc. raised its position in Vertiv by 57.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 10,616 shares of the company's stock worth $919,000 after purchasing an additional 3,876 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Vertiv by 12.4% during the second quarter. Envestnet Asset Management Inc. now owns 352,548 shares of the company's stock worth $30,520,000 after acquiring an additional 38,822 shares during the last quarter. Moors & Cabot Inc. lifted its stake in shares of Vertiv by 23.2% in the second quarter. Moors & Cabot Inc. now owns 5,625 shares of the company's stock worth $487,000 after acquiring an additional 1,060 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in Vertiv by 166.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 11,730 shares of the company's stock valued at $1,015,000 after acquiring an additional 7,327 shares during the last quarter. Finally, Amalgamated Bank increased its position in Vertiv by 18.2% during the 2nd quarter. Amalgamated Bank now owns 24,195 shares of the company's stock valued at $2,095,000 after purchasing an additional 3,734 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Stock Up 2.5 %

Shares of VRT traded up $3.35 on Friday, reaching $135.94. The stock had a trading volume of 4,912,411 shares, compared to its average volume of 4,839,224. 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 Holdings Co has a 12-month low of $49.67 and a 12-month high of $145.67. The firm has a market capitalization of $51.02 billion, a price-to-earnings ratio of 90.63, a price-to-earnings-growth ratio of 0.99 and a beta of 1.63. The company has a 50-day simple moving average of $126.07 and a 200-day simple moving average of $103.50.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the firm earned $0.52 earnings per share. The business's revenue for the quarter was up 19.0% on a year-over-year basis. Sell-side analysts predict that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.11%. This is a boost from Vertiv's previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 3rd. Vertiv's payout ratio is presently 6.67%.

Analyst Ratings Changes

Several research firms have recently weighed in on VRT. Fox Advisors assumed coverage on shares of Vertiv in a research report on Monday, January 6th. They set an "equal weight" rating for the company. Jefferies Financial Group initiated coverage on Vertiv in a research report on Monday, October 7th. They issued a "buy" rating and a $125.00 price objective for the company. Barclays initiated coverage on Vertiv in a research report on Thursday, December 12th. They set an "equal weight" rating and a $142.00 target price on the stock. Mizuho lifted their target price on Vertiv from $125.00 to $145.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. Finally, The Goldman Sachs Group increased their price target on Vertiv from $126.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $141.75.

Insider Activity at Vertiv

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The shares were 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 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jakki L. Haussler sold 15,347 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total value of $2,108,370.86. Following the completion of the sale, the director now owns 3,425 shares of the company's stock, valued at $470,526.50. The trade was a 81.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 171,527 shares of company stock worth $23,105,682 over the last quarter. Company insiders own 5.01% of the company's stock.

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.