Caldwell Investment Management Ltd. Increases Stake in Vertiv Holdings Co (NYSE:VRT)

Caldwell Investment Management Ltd. increased its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 67.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,700 shares of the company's stock after buying an additional 6,700 shares during the period. Vertiv accounts for approximately 1.3% of Caldwell Investment Management Ltd.'s investment portfolio, making the stock its 15th biggest holding. Caldwell Investment Management Ltd.'s holdings in Vertiv were worth $1,937,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Anchor Investment Management LLC purchased a new stake in Vertiv in the 2nd quarter valued at about $26,000. Krane Funds Advisors LLC purchased a new stake in shares of Vertiv during the third quarter valued at approximately $29,000. Global Trust Asset Management LLC purchased a new stake in shares of Vertiv during the 3rd quarter valued at $30,000. Mark Sheptoff Financial Planning LLC raised its stake in shares of Vertiv by 200.0% during the 3rd 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 period. Finally, Brooklyn Investment Group bought a new position in Vertiv during the third quarter valued at about $30,000. 89.92% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Vertiv news, Director Jakki L. Haussler sold 15,347 shares of the business's stock in a transaction dated 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 sale, the director now owns 3,425 shares in the company, valued at approximately $470,526.50. The trade was a 81.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the business's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the completion of the transaction, the executive vice president now owns 19,551 shares of the company's stock, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their ownership of the stock. 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 in the last three months. Corporate insiders own 5.01% of the company's stock.

Analysts Set New Price Targets

VRT has been the topic of several research reports. Bank of America lifted their price objective on shares of Vertiv from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Morgan Stanley began coverage on Vertiv in a research note on Monday, January 6th. They issued an "overweight" rating and a $150.00 price objective on the stock. TD Cowen boosted their target price on Vertiv from $115.00 to $141.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. 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 research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Vertiv from $124.00 to $132.00 and gave the company an "overweight" rating in a report on Tuesday, November 19th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.92.

Vertiv Stock Performance

NYSE:VRT traded up $2.98 during trading hours on Wednesday, reaching $131.93. The company had a trading volume of 4,250,099 shares, compared to its average volume of 6,234,320. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. Vertiv Holdings Co has a 52 week low of $48.86 and a 52 week high of $145.67. The firm has a market cap of $49.52 billion, a price-to-earnings ratio of 87.95, a PEG ratio of 1.29 and a beta of 1.63. The firm's 50 day moving average price is $125.42 and its 200-day moving average price is $102.74.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The firm 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 company earned $0.52 earnings per share. The business's revenue for the quarter was up 19.0% compared to the same quarter last year. On average, analysts forecast 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. Investors of record on Tuesday, December 3rd were paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.11%. The ex-dividend date of this dividend was Tuesday, December 3rd. This is an increase from Vertiv's previous quarterly dividend of $0.03. Vertiv's dividend payout ratio (DPR) 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.