Grassi Investment Management Acquires Shares of 12,150 Vertiv Holdings Co (NYSE:VRT)

Grassi Investment Management purchased a new position in Vertiv Holdings Co (NYSE:VRT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,150 shares of the company's stock, valued at approximately $1,380,000.

Several other institutional investors have also made changes to their positions in VRT. Silverleafe Capital Partners LLC acquired a new position in Vertiv during the fourth quarter worth $4,219,000. Clearbridge Investments LLC raised its stake in shares of Vertiv by 15.4% in 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. lifted its holdings in Vertiv by 7.2% in the 3rd quarter. Whittier Trust Co. now owns 127,210 shares of the company's stock worth $12,656,000 after purchasing an additional 8,579 shares during the last quarter. Janney Capital Management LLC bought a new stake in Vertiv during the third quarter worth approximately $8,403,000. Finally, Gordian Capital Singapore Pte Ltd grew 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 valued at $846,000 after purchasing an additional 4,500 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VRT has been the topic of a number of research analyst reports. Citigroup raised their target price on shares of Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a research note on Monday, December 9th. The Goldman Sachs Group lifted their price objective on Vertiv from $126.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Mizuho lifted their price target on Vertiv from $125.00 to $145.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 19th. UBS Group assumed coverage on Vertiv in a research report on Wednesday, November 13th. They issued a "buy" rating and a $155.00 price objective for the company. Finally, TD Cowen boosted their price target on Vertiv from $115.00 to $141.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $140.92.

Vertiv Price Performance

VRT stock traded down $4.87 during trading on Monday, hitting $124.06. The company had a trading volume of 6,850,621 shares, compared to its average volume of 6,517,258. The company has a fifty day moving average price of $125.10 and a two-hundred day moving average price of $102.45. Vertiv Holdings Co has a fifty-two week low of $48.86 and a fifty-two week high of $145.67. The company has a market cap of $46.56 billion, a P/E ratio of 82.71, a P/E/G ratio of 1.29 and a beta of 1.63. 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 (NYSE:VRT - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the company earned $0.52 EPS. The firm's revenue for the quarter was up 19.0% compared to the same quarter last year. Equities research analysts expect that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were paid a $0.0375 dividend. The ex-dividend date 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 yield of 0.12%. Vertiv's dividend payout ratio is presently 6.67%.

Insiders Place Their Bets

In other news, insider Anand Sanghi sold 30,914 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly owns 19,448 shares in the company, valued at $2,751,114.08. This represents a 61.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the firm's stock in a transaction that occurred on 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 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. In the last 90 days, insiders sold 171,527 shares of company stock worth $23,105,682. Corporate insiders own 5.01% of the company's stock.

Vertiv Company 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.