By otakuyassine3@gmail.com 
Enclave Advisors LLC boosted its position in shares of Vertiv Holdings Co (NYSE:VRT – Free Report) by 201.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,417 shares of the company’s stock after acquiring an additional 16,987 shares during the period. Enclave Advisors LLC’s holdings in Vertiv were worth $2,888,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the company. Silverleafe Capital Partners LLC bought a new stake in Vertiv during the 4th quarter valued at approximately $4,219,000. Clearbridge Investments LLC lifted its holdings in shares of Vertiv by 15.4% during the second quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company’s stock worth $221,013,000 after buying an additional 340,639 shares during the last quarter. Whittier Trust Co. boosted its position in shares of Vertiv by 7.2% in the third quarter. Whittier Trust Co. now owns 127,210 shares of the company’s stock valued at $12,656,000 after acquiring an additional 8,579 shares during the period. Janney Capital Management LLC acquired a new stake in shares of Vertiv in the third quarter worth $8,403,000. Finally, Gordian Capital Singapore Pte Ltd increased its position in Vertiv by 112.5% during the third quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock worth $846,000 after acquiring an additional 4,500 shares during the period. 89.92% of the stock is currently owned by institutional investors.
Vertiv Stock Performance
NYSE VRT opened at $143.16 on Wednesday. Vertiv Holdings Co has a 1-year low of $52.40 and a 1-year high of $145.67. The company has a 50 day moving average of $126.25 and a 200-day moving average of $103.98. 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 firm has a market cap of $53.73 billion, a price-to-earnings ratio of 95.44, a PEG ratio of 1.06 and a beta of 1.63.
Vertiv (NYSE:VRT – Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS. On average, equities analysts forecast that Vertiv Holdings Co will post 2.7 earnings per share for the current fiscal year.
Vertiv Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were given a dividend of $0.0375 per share. This is an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.15 annualized dividend and a yield of 0.10%. Vertiv’s dividend payout ratio is 6.67%.
Insiders Place Their Bets
In related news, Director Jakki L. Haussler sold 15,347 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 3,425 shares of the company’s stock, valued at $470,526.50. This trade represents a 81.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the company’s stock in a transaction on 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 transaction, the insider now directly owns 19,448 shares in the company, valued at approximately $2,751,114.08. This represents a 61.38 % decrease in their position. 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 90 days. 5.01% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. 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 on the stock. Bank of America boosted their price target on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Oppenheimer raised their price objective on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Jefferies Financial Group initiated coverage on Vertiv in a research report on Monday, October 7th. They set a “buy” rating and a $125.00 price objective on the stock. Finally, Barclays initiated coverage on shares of Vertiv in a research note on Thursday, December 12th. They set an “equal weight” rating and a $142.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Vertiv currently has a consensus rating of “Moderate Buy” and an average target price of $141.75.
Read Our Latest Stock Analysis on VRT
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.
See Also
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