Watts Gwilliam & Co. LLC Invests $1.67 Million in Vertiv Holdings Co (NYSE:VRT)

Watts Gwilliam & Co. LLC acquired a new position in Vertiv Holdings Co (NYSE:VRT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 14,707 shares of the company's stock, valued at approximately $1,671,000.

A number of other institutional investors have also recently made changes to their positions in VRT. Principal Financial Group Inc. raised its stake in Vertiv by 6.1% in the 2nd quarter. Principal Financial Group Inc. now owns 31,208 shares of the company's stock worth $2,702,000 after acquiring an additional 1,789 shares during the last quarter. TD Asset Management Inc raised its stake in shares of Vertiv by 2.2% during the 2nd quarter. TD Asset Management Inc now owns 57,812 shares of the company's stock valued at $5,005,000 after buying an additional 1,222 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of Vertiv by 24.1% during the 2nd quarter. Private Advisor Group LLC now owns 36,866 shares of the company's stock valued at $3,191,000 after buying an additional 7,163 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Vertiv by 166.5% during the 2nd quarter. Acadian Asset Management LLC now owns 10,677 shares of the company's stock valued at $922,000 after buying an additional 6,670 shares during the last quarter. Finally, Quest Partners LLC increased its stake in shares of Vertiv by 10,440.0% in the 2nd quarter. Quest Partners LLC now owns 1,581 shares of the company's stock valued at $137,000 after purchasing an additional 1,566 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Trading Down 0.2 %

NYSE VRT traded down $0.32 on Friday, reaching $128.95. The stock had a trading volume of 5,203,529 shares, compared to its average volume of 6,461,631. The firm has a market capitalization of $48.40 billion, a price-to-earnings ratio of 85.97, a P/E/G ratio of 1.29 and a beta of 1.63. 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 12-month low of $48.22 and a 12-month high of $145.67. The stock has a fifty day moving average price of $124.74 and a two-hundred day moving average price of $102.01.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data 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. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the company earned $0.52 earnings per share. The company's revenue was up 19.0% on a year-over-year basis. As a group, sell-side analysts forecast that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were paid a dividend of $0.0375 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. This is an increase from Vertiv's previous quarterly dividend of $0.03. Vertiv's payout ratio is presently 6.67%.

Insider Buying and Selling

In other Vertiv news, Director Jan Van Dokkum sold 38,647 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $136.39, for a total value of $5,271,064.33. Following the completion of the transaction, the director now owns 25,000 shares in the company, valued at $3,409,750. This represents a 60.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the company's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the completion of the transaction, the executive vice president now owns 19,551 shares of the company's stock, valued at $2,562,549.57. This represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 171,527 shares of company stock worth $23,105,682. Corporate insiders own 5.01% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on VRT shares. TD Cowen lifted their price target on Vertiv from $115.00 to $141.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Mizuho lifted their price objective on Vertiv from $125.00 to $145.00 and gave the stock 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 report on Thursday, October 24th. Evercore ISI boosted their target price on Vertiv from $125.00 to $135.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group assumed coverage on Vertiv in a report on Monday, October 7th. They set a "buy" rating and a $125.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $140.92.

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.