Avanza Fonder AB Takes $4.04 Million Position in Vertiv Holdings Co (NYSE:VRT)

Avanza Fonder AB bought a new position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 35,556 shares of the company's stock, valued at approximately $4,040,000.

Several other hedge funds have also recently bought and sold shares of the business. Krane Funds Advisors LLC acquired a new stake in shares of Vertiv in the third quarter worth $29,000. Anchor Investment Management LLC purchased a new position in shares of Vertiv during the 2nd quarter valued at approximately $26,000. Global Trust Asset Management LLC bought a new position in Vertiv during the 3rd quarter valued at $30,000. Mark Sheptoff Financial Planning LLC lifted its position 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 purchasing an additional 200 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in Vertiv in the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 89.92% of the company's stock.

Vertiv Stock Up 2.5 %

Shares of VRT stock traded up $3.35 on Friday, hitting $135.94. The company's 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 current ratio of 1.38 and a quick ratio of 1.02. The stock has a market capitalization of $51.02 billion, a price-to-earnings ratio of 90.63, a P/E/G ratio of 0.99 and a beta of 1.63. Vertiv Holdings Co has a fifty-two week low of $49.67 and a fifty-two week high of $145.67. The firm's fifty day moving average price is $126.07 and its 200-day moving average price is $103.50.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data 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 return on equity of 55.33% and a net margin of 7.72%. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the business earned $0.52 EPS. The firm's revenue was up 19.0% compared to the same quarter last year. Research analysts anticipate that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Increases Dividend

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

Insider Buying and Selling

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the stock in a transaction 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 sale, the insider now directly owns 19,448 shares of the company's stock, valued at $2,751,114.08. This represents a 61.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jakki L. Haussler sold 15,347 shares of the firm's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the completion of the sale, the director now owns 3,425 shares in the company, valued at $470,526.50. This represents a 81.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 171,527 shares of company stock valued at $23,105,682. Insiders own 5.01% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on VRT. Citigroup increased their target price on shares of Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a report on Monday, December 9th. TD Cowen increased their target price 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. JPMorgan Chase & Co. boosted their price objective on Vertiv from $124.00 to $132.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 19th. Oppenheimer lifted their target price on Vertiv from $121.00 to $131.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. Finally, Fox Advisors initiated coverage on shares of Vertiv in a report on Monday, January 6th. They issued an "equal weight" rating for the company. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $141.75.

About Vertiv

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.