Ayrshire Capital Management LLC Makes New Investment in Vertiv Holdings Co (NYSE:VRT)

Ayrshire Capital Management LLC acquired a new position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,961 shares of the company's stock, valued at approximately $677,000.

Several other hedge funds also recently modified their holdings of the stock. Acadian Asset Management LLC boosted its holdings in Vertiv by 166.5% in the second quarter. Acadian Asset Management LLC now owns 10,677 shares of the company's stock worth $922,000 after acquiring an additional 6,670 shares in the last quarter. Quest Partners LLC lifted its holdings in shares of Vertiv by 10,440.0% in the 2nd quarter. Quest Partners LLC now owns 1,581 shares of the company's stock worth $137,000 after purchasing an additional 1,566 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in Vertiv by 57.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 10,616 shares of the company's stock valued at $919,000 after purchasing an additional 3,876 shares during the period. Envestnet Asset Management Inc. increased its stake in Vertiv by 12.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 352,548 shares of the company's stock valued at $30,520,000 after purchasing an additional 38,822 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new position in Vertiv during the second quarter worth $331,091,000. Institutional investors own 89.92% of the company's stock.

Insider Buying and Selling at Vertiv

In other news, Director Jakki L. Haussler sold 15,347 shares of the stock in a transaction dated Wednesday, November 20th. The shares were 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 directly owns 3,425 shares in the company, valued at approximately $470,526.50. This represents a 81.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the business's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the transaction, the executive vice president now owns 19,551 shares in the company, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 171,527 shares of company stock worth $23,105,682 over the last three months. Company insiders own 5.01% of the company's stock.

Vertiv Price Performance

VRT traded up $4.66 on Tuesday, reaching $128.67. The company had a trading volume of 6,225,346 shares, compared to its average volume of 6,481,586. Vertiv Holdings Co has a 52-week low of $48.86 and a 52-week high of $145.67. The company has a market cap of $48.29 billion, a price-to-earnings ratio of 85.78, a P/E/G ratio of 1.29 and a beta of 1.63. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. The business has a 50 day simple moving average of $125.42 and a 200 day simple moving average of $102.74.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly 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 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 quarter last year, the business posted $0.52 earnings per share. The company's revenue for the quarter was up 19.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were paid a $0.0375 dividend. The ex-dividend date was Tuesday, December 3rd. This is an increase from Vertiv's previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 0.12%. Vertiv's payout ratio is currently 6.67%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on VRT shares. Bank of America upped their price target on Vertiv from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Fox Advisors started coverage on shares of Vertiv in a report on Monday, January 6th. They issued an "equal weight" rating for the company. Morgan Stanley began coverage on shares of Vertiv in a report on Monday, January 6th. They set an "overweight" rating and a $150.00 price target on the stock. TD Cowen increased their price objective on shares of Vertiv from $115.00 to $141.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Finally, Citigroup boosted their target price on Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $140.92.

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.