HCR Wealth Advisors bought a new position in 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 institutional investor bought 2,417 shares of the company's stock, valued at approximately $275,000.
A number of other hedge funds have also made changes to their positions in the company. State Street Corp raised its position in Vertiv by 4.2% in the 3rd quarter. State Street Corp now owns 7,635,081 shares of the company's stock worth $759,614,000 after purchasing an additional 308,704 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Vertiv by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company's stock worth $592,433,000 after buying an additional 408,054 shares during the period. Jennison Associates LLC lifted its holdings in Vertiv by 10,825.0% in the third quarter. Jennison Associates LLC now owns 4,600,415 shares of the company's stock valued at $457,695,000 after buying an additional 4,558,306 shares during the period. Wellington Management Group LLP boosted its position in shares of Vertiv by 271.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company's stock worth $389,548,000 after purchasing an additional 2,860,181 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its position in shares of Vertiv by 1.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 3,611,566 shares of the company's stock worth $359,315,000 after buying an additional 40,696 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.
Vertiv Trading Up 2.9 %
Shares of NYSE:VRT traded up $3.78 during mid-day trading on Friday, reaching $136.37. 3,614,121 shares of the company's stock were exchanged, compared to its average volume of 5,814,595. The firm has a market capitalization of $51.18 billion, a price-to-earnings ratio of 91.09, a PEG ratio of 0.99 and a beta of 1.63. Vertiv Holdings Co has a twelve month low of $49.67 and a twelve month high of $145.67. The business's fifty day moving average price is $125.86 and its 200-day moving average price is $103.16. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38.
Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.07. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The business's revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.52 EPS. On average, research analysts predict that Vertiv Holdings Co will post 2.69 EPS 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 dividend of $0.0375 per share. 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 annualized dividend and a yield of 0.11%. Vertiv's dividend payout ratio is currently 6.67%.
Insider Buying and Selling at Vertiv
In other news, EVP Stephen Liang sold 86,619 shares of the company's stock in a transaction 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 sale, the executive vice president now owns 19,551 shares in the company, valued at $2,562,549.57. This represents a 81.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jakki L. Haussler sold 15,347 shares of Vertiv stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total value of $2,108,370.86. Following the sale, the director now owns 3,425 shares in the company, valued at $470,526.50. This trade represents a 81.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 171,527 shares of company stock valued at $23,105,682. Corporate insiders own 5.01% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. Barclays began coverage on shares of Vertiv in a report on Thursday, December 12th. They issued an "equal weight" rating and a $142.00 target price on the stock. Oppenheimer increased their price objective on shares of Vertiv from $121.00 to $131.00 and gave the company an "outperform" rating in a research report on Tuesday, November 19th. UBS Group initiated coverage on Vertiv in a report on Wednesday, November 13th. They issued a "buy" rating and a $155.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on shares of Vertiv from $124.00 to $132.00 and gave the stock an "overweight" rating in a report on Tuesday, November 19th. Finally, 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 report on Tuesday, November 19th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $141.75.
Check Out Our Latest Stock Analysis on VRT
Vertiv Profile
(
Free Report)
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.
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