Vertiv Holdings Co (NYSE:VRT) Shares Bought by Old West Investment Management LLC

Old West Investment Management LLC increased its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 44.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,372 shares of the company's stock after purchasing an additional 8,683 shares during the period. Vertiv makes up 1.1% of Old West Investment Management LLC's portfolio, making the stock its 27th largest holding. Old West Investment Management LLC's holdings in Vertiv were worth $2,823,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Anchor Investment Management LLC purchased a new position in Vertiv in the 2nd quarter worth about $26,000. Krane Funds Advisors LLC purchased a new position in shares of Vertiv during the third quarter worth approximately $29,000. Global Trust Asset Management LLC bought a new stake in shares of Vertiv during the third quarter valued at approximately $30,000. Mark Sheptoff Financial Planning LLC boosted its holdings 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 purchasing an additional 200 shares during the period. Finally, Brooklyn Investment Group bought a new position in Vertiv in the third quarter worth approximately $30,000. 89.92% of the stock is currently owned by institutional investors.

Vertiv Stock Up 3.4 %

NYSE VRT traded up $4.14 during trading on Wednesday, hitting $125.84. The company's stock had a trading volume of 4,253,883 shares, compared to its average volume of 8,137,964. Vertiv Holdings Co has a fifty-two week low of $44.31 and a fifty-two week high of $145.67. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The company has a market cap of $47.23 billion, a PE ratio of 83.37, a P/E/G ratio of 1.38 and a beta of 1.61. The business's 50 day simple moving average is $119.12 and its 200-day simple moving average is $97.69.

Vertiv (NYSE:VRT - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.07. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm earned $0.52 EPS. On average, equities analysts anticipate that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.0375 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%. This is a boost from Vertiv's previous quarterly dividend of $0.03. Vertiv's payout ratio is currently 6.67%.

Wall Street Analysts Forecast Growth

VRT has been the subject of several research reports. Citigroup upped their target price on Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a report on Monday. Bank of America raised their target price on shares of Vertiv from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Evercore ISI upped their price target on shares of Vertiv from $125.00 to $135.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price objective on shares of Vertiv from $124.00 to $132.00 and gave the company an "overweight" rating in a report on Tuesday, November 19th. Finally, Mizuho upped their target price on Vertiv from $125.00 to $145.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vertiv has an average rating of "Buy" and an average target price of $139.90.

Insider Buying and Selling at Vertiv

In other Vertiv news, Director Jakki L. Haussler sold 15,347 shares of the company's stock in a transaction 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 sale, the director now directly owns 3,425 shares of the company's stock, valued at approximately $470,526.50. This represents a 81.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction dated 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 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. In the last 90 days, insiders have sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is currently owned by insiders.

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.