Jackson Square Capital LLC Has $7.45 Million Stake in Vertiv Holdings Co (NYSE:VRT)

Jackson Square Capital LLC grew its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 82.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,601 shares of the company's stock after buying an additional 29,598 shares during the quarter. Vertiv makes up about 1.8% of Jackson Square Capital LLC's investment portfolio, making the stock its 13th largest holding. Jackson Square Capital LLC's holdings in Vertiv were worth $7,453,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in VRT. State Street Corp raised its holdings in Vertiv by 4.2% during the third quarter. State Street Corp now owns 7,635,081 shares of the company's stock valued at $759,614,000 after buying an additional 308,704 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Vertiv by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company's stock valued at $592,433,000 after acquiring an additional 408,054 shares in the last quarter. Jennison Associates LLC lifted its holdings in Vertiv by 10,825.0% in the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company's stock worth $457,695,000 after purchasing an additional 4,558,306 shares during the last quarter. Wellington Management Group LLP boosted its position in Vertiv by 271.0% during the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company's stock worth $389,548,000 after purchasing an additional 2,860,181 shares during the period. Finally, Westfield Capital Management Co. LP grew its holdings in Vertiv by 1.1% during the third quarter. Westfield Capital Management Co. LP now owns 3,611,566 shares of the company's stock valued at $359,315,000 after purchasing an additional 40,696 shares during the last quarter. Institutional investors own 89.92% of the company's stock.

Analyst Ratings Changes

VRT has been the topic of a number of research analyst reports. Fox Advisors started coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an "equal weight" rating on the stock. TD Cowen increased their price objective on Vertiv from $115.00 to $141.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. The Goldman Sachs Group increased their target price on shares of Vertiv from $126.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Bank of America boosted their price objective on Vertiv from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Finally, UBS Group initiated coverage on shares of Vertiv in a research report on Wednesday, November 13th. They issued a "buy" rating and a $155.00 price target for the company. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $141.75.

Vertiv Price Performance

Shares of VRT stock traded up $3.35 during trading hours on Friday, reaching $135.94. 4,912,411 shares of the company were exchanged, compared to its average volume of 4,839,224. 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 $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 stock's fifty day moving average is $126.07 and its two-hundred day moving average is $103.61. Vertiv Holdings Co has a fifty-two week low of $49.67 and a fifty-two week high of $145.67.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.07. The business had revenue of $2.07 billion for the quarter, compared to analysts' expectations of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The firm's quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.52 earnings per share. Sell-side analysts forecast that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The firm also recently announced 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. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date of this dividend was Tuesday, December 3rd. This is a positive change from Vertiv's previous quarterly dividend of $0.03. Vertiv's payout ratio is currently 6.67%.

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total value of $4,373,094.44. Following the completion of the sale, the insider now owns 19,448 shares of the company's stock, valued at approximately $2,751,114.08. This represents a 61.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jakki L. Haussler sold 15,347 shares of Vertiv stock in a transaction on 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 approximately $470,526.50. This represents a 81.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 171,527 shares of company stock worth $23,105,682. Insiders own 5.01% of the company's stock.

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.