Vertiv Holdings Co (NYSE:VRT) Holdings Lifted by Park Avenue Securities LLC

Park Avenue Securities LLC lifted its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 59.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,250 shares of the company's stock after purchasing an additional 4,185 shares during the period. Park Avenue Securities LLC's holdings in Vertiv were worth $1,278,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its position in Vertiv by 156.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 143,649 shares of the company's stock worth $16,320,000 after purchasing an additional 87,726 shares during the period. Board of the Pension Protection Fund purchased a new stake in Vertiv in the 4th quarter valued at approximately $409,000. Floyd Financial Group LLC acquired a new stake in shares of Vertiv during the fourth quarter valued at $974,000. SeaCrest Wealth Management LLC boosted its position in Vertiv by 35.4% during the fourth quarter. SeaCrest Wealth Management LLC now owns 21,858 shares of the company's stock worth $2,483,000 after acquiring an additional 5,712 shares during the last quarter. Finally, Accurate Wealth Management LLC grew its position in shares of Vertiv by 4.1% in the fourth quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company's stock valued at $254,000 after purchasing an additional 87 shares during the period. Hedge funds and other institutional investors own 89.92% of the company's stock.

Analyst Upgrades and Downgrades

VRT has been the topic of a number of research analyst reports. UBS Group initiated coverage on Vertiv in a research note on Wednesday, November 13th. They issued a "buy" rating and a $155.00 price target on the stock. Jefferies Financial Group assumed coverage on shares of Vertiv in a report on Monday, October 7th. They issued a "buy" rating and a $125.00 target price for the company. Oppenheimer increased their price target on shares of Vertiv from $121.00 to $131.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 19th. Citigroup upped their price objective on Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Finally, Evercore ISI reduced their target price on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $141.75.

Insider Buying and Selling at Vertiv

In other news, Director Jan Van Dokkum sold 38,647 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $136.39, for a total value of $5,271,064.33. Following the completion of the sale, the director now directly owns 25,000 shares in the company, valued at approximately $3,409,750. The trade was a 60.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the company's 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 sale, the executive vice president now directly owns 19,551 shares in the company, 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 a total of 171,527 shares of company stock valued at $23,105,682 in the last three months. Corporate insiders own 5.01% of the company's stock.

Vertiv Stock Up 2.5 %

NYSE:VRT traded up $3.35 during trading hours on Monday, hitting $135.94. The stock had a trading volume of 4,912,411 shares, compared to its average volume of 4,839,224. The business has a 50 day simple moving average of $126.07 and a two-hundred day simple moving average of $103.68. Vertiv Holdings Co has a 1-year low of $49.67 and a 1-year high of $145.67. 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 company has a market cap of $51.02 billion, a PE ratio of 90.63, a price-to-earnings-growth ratio of 0.99 and a beta of 1.63.

Vertiv (NYSE:VRT - Get Free Report) last released 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 the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 EPS. Analysts predict that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were issued a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This is an increase from Vertiv's previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 0.11%. Vertiv's payout ratio is currently 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.