KMG Fiduciary Partners LLC Acquires New Position in Vertiv Holdings Co (NYSE:VRT)

KMG Fiduciary Partners LLC bought a new stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 28,749 shares of the company's stock, valued at approximately $3,266,000.

Other hedge funds have also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. increased its stake in Vertiv by 57.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 10,616 shares of the company's stock worth $919,000 after acquiring an additional 3,876 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Vertiv by 12.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 352,548 shares of the company's stock valued at $30,520,000 after purchasing an additional 38,822 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Vertiv by 16.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,473,204 shares of the company's stock valued at $214,112,000 after purchasing an additional 355,059 shares during the last quarter. Moors & Cabot Inc. raised its holdings in Vertiv by 23.2% during the 2nd quarter. Moors & Cabot Inc. now owns 5,625 shares of the company's stock valued at $487,000 after buying an additional 1,060 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its position in Vertiv by 166.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 11,730 shares of the company's stock worth $1,015,000 after buying an additional 7,327 shares during the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vertiv

In related news, Director Jan Van Dokkum sold 38,647 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $136.39, for a total value of $5,271,064.33. Following the transaction, the director now directly owns 25,000 shares of the company's stock, valued at approximately $3,409,750. This trade represents a 60.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the 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 transaction, the executive vice president now directly owns 19,551 shares of the company's stock, valued at $2,562,549.57. The trade was a 81.59 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is owned by insiders.

Vertiv Stock 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 were exchanged, compared to its average volume of 5,814,595. Vertiv Holdings Co has a 1 year low of $49.67 and a 1 year high of $145.67. The firm has a 50-day moving average of $125.86 and a 200 day moving average of $103.16. The stock has a market cap of $51.18 billion, a price-to-earnings ratio of 91.09, a P/E/G ratio of 0.99 and a beta of 1.63. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.07. The business 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 company's revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.52 earnings per share. On average, research analysts expect that Vertiv Holdings Co will post 2.69 earnings per share for the current year.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.11%. This is a boost 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 presently 6.67%.

Analysts Set New Price Targets

VRT has been the topic of a number of analyst reports. Morgan Stanley assumed coverage on shares of Vertiv in a research report on Monday, January 6th. They set an "overweight" rating and a $150.00 price objective on the stock. Oppenheimer upped their price target on shares of Vertiv from $121.00 to $131.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. Mizuho raised their price objective on shares of Vertiv from $125.00 to $145.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 19th. Barclays began coverage on Vertiv in a research report on Thursday, December 12th. They set an "equal weight" rating and a $142.00 target price for the company. Finally, Evercore ISI reduced their price target on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $141.75.

About Vertiv

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.