Kieckhefer Group LLC Buys New Position in Vertiv Holdings Co (NYSE:VRT)

Kieckhefer Group LLC purchased a new stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 36,004 shares of the company's stock, valued at approximately $4,090,000. Vertiv comprises 2.5% of Kieckhefer Group LLC's portfolio, making the stock its 11th largest position.

Other large investors have also recently made changes to their positions in the company. Anchor Investment Management LLC bought a new position in Vertiv during the 2nd quarter worth approximately $26,000. Krane Funds Advisors LLC bought a new position in shares of Vertiv in the third quarter worth approximately $29,000. Global Trust Asset Management LLC bought a new stake in Vertiv in the 3rd quarter worth $30,000. Mark Sheptoff Financial Planning LLC increased its position in shares of Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock valued at $30,000 after acquiring an additional 200 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in shares of Vertiv during the third quarter worth about $30,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Jefferies Financial Group assumed coverage on Vertiv in a report on Monday, October 7th. They set a "buy" rating and a $125.00 price target on the stock. Mizuho lifted their price target on shares of Vertiv from $125.00 to $145.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. TD Cowen upped their price objective on shares of Vertiv from $115.00 to $141.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. lifted their target price on shares of Vertiv from $124.00 to $132.00 and gave the company an "overweight" rating in a research note on Tuesday, November 19th. Finally, The Goldman Sachs Group increased their price target on shares of Vertiv from $126.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Two equities 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 an average rating of "Moderate Buy" and a consensus price target of $140.92.

Vertiv Stock Down 3.8 %

Shares of NYSE VRT traded down $4.87 during trading on Monday, reaching $124.06. The company had a trading volume of 6,848,421 shares, compared to its average volume of 6,514,299. The business's 50-day moving average is $124.74 and its 200 day moving average is $102.19. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The stock has a market cap of $46.56 billion, a PE ratio of 82.71, a P/E/G ratio of 1.29 and a beta of 1.63. Vertiv Holdings Co has a 12-month low of $48.86 and a 12-month high of $145.67.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.07. The business had revenue of $2.07 billion during 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 period last year, the business earned $0.52 EPS. As a group, equities analysts forecast that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were issued a dividend of $0.0375 per share. This is an increase from Vertiv's previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date of this dividend was Tuesday, December 3rd. Vertiv's dividend payout ratio is presently 6.67%.

Insider Activity at Vertiv

In related news, insider Anand Sanghi sold 30,914 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 19,448 shares in the company, valued at $2,751,114.08. This represents a 61.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 sale, 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 171,527 shares of company stock valued at $23,105,682 over the last ninety days. Insiders own 5.01% of the company's stock.

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.