Kera Capital Partners Inc. Makes New $7.61 Million Investment in Vertiv Holdings Co (NYSE:VRT)

Kera Capital Partners Inc. purchased a new stake in Vertiv Holdings Co (NYSE:VRT - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 67,006 shares of the company's stock, valued at approximately $7,613,000. Vertiv comprises 2.2% of Kera Capital Partners Inc.'s portfolio, making the stock its 11th biggest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp lifted its holdings in Vertiv by 4.2% in the third quarter. State Street Corp now owns 7,635,081 shares of the company's stock worth $759,614,000 after acquiring an additional 308,704 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Vertiv by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company's stock worth $592,433,000 after purchasing an additional 408,054 shares during the last quarter. Jennison Associates LLC boosted its position in Vertiv by 10,825.0% during the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company's stock valued at $457,695,000 after purchasing an additional 4,558,306 shares during the period. Wellington Management Group LLP boosted its position in Vertiv by 271.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company's stock valued at $389,548,000 after purchasing an additional 2,860,181 shares during the period. Finally, Westfield Capital Management Co. LP grew its stake in 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 last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Jakki L. Haussler sold 15,347 shares of the firm's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total value of $2,108,370.86. Following the completion of the transaction, the director now owns 3,425 shares of the company's stock, valued at approximately $470,526.50. This trade represents a 81.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Anand Sanghi sold 30,914 shares of the business'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 directly owns 19,448 shares in the company, valued at approximately $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 quarter, insiders have sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VRT. Evercore ISI lowered their price target on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday. Morgan Stanley initiated coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an "overweight" rating and a $150.00 target price for the company. Barclays initiated coverage on Vertiv in a report on Thursday, December 12th. They set an "equal weight" rating and a $142.00 price target on the stock. Jefferies Financial Group began coverage on Vertiv in a report on Monday, October 7th. They issued a "buy" rating and a $125.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their target price on Vertiv from $124.00 to $132.00 and gave the company an "overweight" rating in a research report on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $141.75.

Vertiv Price Performance

NYSE:VRT traded up $3.35 during mid-day trading on Friday, reaching $135.94. 4,912,411 shares of the stock were exchanged, compared to its average volume of 4,839,224. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The business has a fifty day moving average price of $126.07 and a 200 day moving average price of $103.61. Vertiv Holdings Co has a 1-year low of $49.67 and a 1-year high of $145.67. The firm has a market capitalization of $51.02 billion, a PE ratio of 90.63, a PEG ratio of 0.99 and a beta of 1.63.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 7.72% and a return on equity of 55.33%. The firm's quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 earnings per share. 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 declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were given a $0.0375 dividend. This is a positive change from Vertiv's previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. Vertiv's dividend payout ratio (DPR) is 6.67%.

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.