Oak Ridge Investments LLC Has $1.42 Million Holdings in Vertiv Holdings Co (NYSE:VRT)

Oak Ridge Investments LLC lifted its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 206.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,500 shares of the company's stock after purchasing an additional 8,425 shares during the period. Oak Ridge Investments LLC's holdings in Vertiv were worth $1,420,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of VRT. Silverleafe Capital Partners LLC acquired a new stake in Vertiv during the 4th quarter worth about $4,219,000. Clearbridge Investments LLC raised its holdings in shares of Vertiv by 15.4% during the second 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 during the period. Whittier Trust Co. lifted its position in shares of Vertiv by 7.2% in the 3rd quarter. Whittier Trust Co. now owns 127,210 shares of the company's stock valued at $12,656,000 after acquiring an additional 8,579 shares in the last quarter. Janney Capital Management LLC purchased a new stake in shares of Vertiv in the 3rd quarter valued at approximately $8,403,000. Finally, Gordian Capital Singapore Pte Ltd boosted its stake in Vertiv by 112.5% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company's stock worth $846,000 after purchasing an additional 4,500 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Oppenheimer increased their target price on Vertiv from $121.00 to $131.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. UBS Group initiated coverage on Vertiv in a research note on Wednesday, November 13th. They issued a "buy" rating and a $155.00 price objective for the company. Jefferies Financial Group began coverage on Vertiv in a research note on Monday, October 7th. They set a "buy" rating and a $125.00 target price on the stock. Barclays began coverage on shares of Vertiv in a research report on Thursday, December 12th. They issued an "equal weight" rating and a $142.00 price target for the company. Finally, JPMorgan Chase & Co. boosted their price objective on shares of 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 issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $141.75.

Insiders Place Their Bets

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction that occurred on Tuesday, November 26th. The stock was 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value of $4,373,094.44. Following the transaction, the insider now owns 19,448 shares of the company's stock, 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. Insiders sold 171,527 shares of company stock valued at $23,105,682 over the last 90 days. 5.01% of the stock is currently owned by company insiders.

Vertiv Stock Up 2.5 %

Shares of VRT traded up $3.35 during mid-day trading on Friday, hitting $135.94. 4,912,411 shares of the company's stock were exchanged, compared to its average volume of 4,839,224. The stock has a market cap of $51.02 billion, a price-to-earnings ratio of 90.63, a P/E/G ratio of 0.99 and a beta of 1.63. The firm has a fifty day moving average of $126.07 and a two-hundred day moving average of $103.61. 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 Holdings Co has a twelve month low of $49.67 and a twelve month high of $145.67.

Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping 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 firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the business posted $0.52 earnings per share. The business's quarterly revenue was up 19.0% on a year-over-year basis. On average, sell-side analysts forecast that Vertiv Holdings Co will post 2.69 earnings per share for the current 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 issued a $0.0375 dividend. 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%. The ex-dividend date was Tuesday, December 3rd. Vertiv's payout ratio is 6.67%.

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.