8,573 Shares in Vertiv Holdings Co (NYSE:VRT) Purchased by Floyd Financial Group LLC

Floyd Financial Group LLC purchased a new position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,573 shares of the company's stock, valued at approximately $974,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Silverleafe Capital Partners LLC acquired a new position in Vertiv during the fourth quarter worth $4,219,000. Clearbridge Investments LLC boosted its stake in shares of Vertiv by 15.4% during the 2nd quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company's stock worth $221,013,000 after buying an additional 340,639 shares during the last quarter. Whittier Trust Co. grew its holdings in shares of Vertiv by 7.2% in 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 acquired a new stake in shares of Vertiv in the third quarter valued at about $8,403,000. Finally, Gordian Capital Singapore Pte Ltd raised its holdings in Vertiv by 112.5% during the third quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company's stock worth $846,000 after acquiring an additional 4,500 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Stock Performance

Vertiv stock opened at $129.81 on Wednesday. Vertiv Holdings Co has a 1 year low of $48.86 and a 1 year high of $145.67. 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 company has a market capitalization of $48.72 billion, a P/E ratio of 86.54, a P/E/G ratio of 1.29 and a beta of 1.63. The business has a 50 day moving average of $125.42 and a 200-day moving average of $102.74.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.07. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. Vertiv's revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.52 earnings per share. On average, equities research analysts predict that Vertiv Holdings Co will post 2.69 earnings per share 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 given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. This is an increase from Vertiv's previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 3rd. Vertiv's dividend payout ratio (DPR) is 6.67%.

Insider Activity at Vertiv

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the company's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the sale, the insider now owns 19,448 shares of the company's stock, valued at approximately $2,751,114.08. This represents a 61.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the transaction, the executive vice president now directly owns 19,551 shares of the company's stock, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 171,527 shares of company stock worth $23,105,682 over the last ninety days. Insiders own 5.01% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. The Goldman Sachs Group lifted 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. Oppenheimer upped their price target on shares of Vertiv from $121.00 to $131.00 and gave the company an "outperform" rating in a research note on Tuesday, November 19th. Citigroup boosted their price objective on shares of Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a report on Monday, December 9th. Evercore ISI upped their price target on shares of Vertiv from $125.00 to $135.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Finally, UBS Group assumed coverage on shares of Vertiv in a research report on Wednesday, November 13th. They set a "buy" rating and a $155.00 price objective for the company. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.