Tidal Investments LLC Has $6.23 Million Stock Position in Vertiv Holdings Co (NYSE:VRT)

Tidal Investments LLC reduced its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 61.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,629 shares of the company's stock after selling 100,618 shares during the period. Tidal Investments LLC's holdings in Vertiv were worth $6,231,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in VRT. Krane Funds Advisors LLC acquired a new position in Vertiv during the third quarter worth about $29,000. Anchor Investment Management LLC acquired a new position in shares of Vertiv in the 2nd quarter worth approximately $26,000. Global Trust Asset Management LLC bought a new stake in shares of Vertiv in the 3rd quarter worth approximately $30,000. Mark Sheptoff Financial Planning LLC lifted its stake in Vertiv by 200.0% during 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 last quarter. Finally, Brooklyn Investment Group bought a new stake in Vertiv during the third quarter worth approximately $30,000. 89.92% of the stock is currently owned by institutional investors.

Insider Activity at Vertiv

In other Vertiv news, Director Jakki L. Haussler sold 15,347 shares of the firm's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the transaction, the director now directly owns 3,425 shares in the company, valued at $470,526.50. This trade represents a 81.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the company's stock in a transaction dated 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 sale, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is owned by corporate insiders.

Vertiv Stock Up 0.6 %

VRT traded up $0.74 on Friday, reaching $125.78. 11,623,199 shares of the company traded hands, compared to its average volume of 8,124,714. Vertiv Holdings Co has a 52-week low of $44.31 and a 52-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 $47.21 billion, a price-to-earnings ratio of 83.82, a PEG ratio of 1.29 and a beta of 1.61. The stock's 50 day moving average price is $120.45 and its 200-day moving average price is $98.21.

Vertiv (NYSE:VRT - Get Free Report) last posted 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 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 for the quarter was up 19.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 earnings per share. On average, sell-side analysts expect 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. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. This is a positive change from Vertiv's previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, December 3rd. Vertiv's payout ratio is currently 6.67%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Mizuho upped their price target on Vertiv from $125.00 to $145.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. Bank of America boosted their target price on Vertiv from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Jefferies Financial Group started coverage on Vertiv in a report on Monday, October 7th. They set a "buy" rating and a $125.00 target price for the company. JPMorgan Chase & Co. lifted their price target on Vertiv from $124.00 to $132.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 19th. Finally, TD Cowen upped their price objective on shares of Vertiv from $115.00 to $141.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $140.09.

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.