26,302 Shares in Vertiv Holdings Co (NYSE:VRT) Purchased by BNC Wealth Management LLC

BNC Wealth Management LLC bought a new stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 26,302 shares of the company's stock, valued at approximately $2,988,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Silverleafe Capital Partners LLC bought a new stake in Vertiv during the 4th quarter valued at $4,219,000. Clearbridge Investments LLC boosted its position in Vertiv by 15.4% during the 2nd quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company's stock valued at $221,013,000 after acquiring an additional 340,639 shares in the last quarter. Whittier Trust Co. boosted its position in Vertiv by 7.2% during the 3rd quarter. Whittier Trust Co. now owns 127,210 shares of the company's stock valued at $12,656,000 after acquiring an additional 8,579 shares in the last quarter. Janney Capital Management LLC bought a new stake in Vertiv during the 3rd quarter valued at $8,403,000. Finally, Gordian Capital Singapore Pte Ltd boosted its position in Vertiv by 112.5% during the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company's stock valued at $846,000 after acquiring an additional 4,500 shares in the last quarter. Institutional investors own 89.92% of the company's stock.

Insiders Place Their Bets

In other news, Director Jan Van Dokkum sold 38,647 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the sale, the director now directly owns 25,000 shares in the company, valued at $3,409,750. This trade represents a 60.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the firm's stock in a transaction dated 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 sale, the insider now owns 19,448 shares in the company, valued at $2,751,114.08. This trade represents a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 171,527 shares of company stock valued at $23,105,682. Company insiders own 5.01% of the company's stock.

Vertiv Stock Performance

VRT stock traded up $3.35 during midday trading 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 stock has a market cap of $51.02 billion, a PE ratio of 90.63, a P/E/G ratio of 0.99 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 firm has a fifty day simple moving average of $126.07 and a two-hundred day simple moving average of $103.61. Vertiv Holdings Co has a 52-week low of $49.67 and a 52-week high of $145.67.

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

Vertiv Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were given a dividend of $0.0375 per share. This is an increase from Vertiv's previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 0.11%. The ex-dividend date of this dividend was Tuesday, December 3rd. Vertiv's dividend payout ratio (DPR) is currently 6.67%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Oppenheimer increased their price objective on Vertiv from $121.00 to $131.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. Evercore ISI decreased their price objective on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a report on Friday. Barclays assumed coverage on Vertiv in a report on Thursday, December 12th. They set an "equal weight" rating and a $142.00 price objective for the company. Mizuho increased their price objective on Vertiv from $125.00 to $145.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. Finally, The Goldman Sachs Group increased their price objective on Vertiv from $126.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Vertiv currently has an average 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.