Vertiv Holdings Co (NYSE:VRT) Holdings Lifted by Quaero Capital S.A.

Quaero Capital S.A. boosted its stake in Vertiv Holdings Co (NYSE:VRT) by 5.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,326 shares of the company’s stock after purchasing an additional 961 shares during the quarter. Vertiv comprises approximately 2.9% of Quaero Capital S.A.’s holdings, making the stock its 5th largest holding. Quaero Capital S.A.’s holdings in Vertiv were worth $2,309,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WASHINGTON TRUST Co grew its position in Vertiv by 35.7% in the fourth quarter. WASHINGTON TRUST Co now owns 760 shares of the company’s stock worth $86,000 after acquiring an additional 200 shares in the last quarter. Bogart Wealth LLC purchased a new stake in Vertiv in the fourth quarter worth $241,000. Guardian Asset Advisors LLC lifted its holdings in Vertiv by 19.0% during the 4th quarter. Guardian Asset Advisors LLC now owns 10,783 shares of the company’s stock valued at $1,225,000 after buying an additional 1,719 shares in the last quarter. SFE Investment Counsel bought a new stake in shares of Vertiv during the fourth quarter valued at approximately $212,000. Finally, Hudock Inc. lifted its holdings in shares of Vertiv by 6.8% in the 4th quarter. Hudock Inc. now owns 3,456 shares of the company’s stock worth $393,000 after buying an additional 219 shares during the period. 89.92% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Jakki L. Haussler sold 15,347 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the sale, the director now owns 3,425 shares of the company’s stock, valued at approximately $470,526.50. This represents a 81.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the sale, the executive vice president now owns 19,551 shares in the company, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 171,527 shares of company stock valued at $23,105,682 over the last quarter. 5.01% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on VRT shares. Evercore ISI dropped their price objective on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Melius downgraded shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a report on Tuesday, January 28th. Melius Research reaffirmed a “hold” rating and set a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. JPMorgan Chase & Co. increased their price objective on shares of 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 raised their target price on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $138.57.

Vertiv Stock Performance

NYSE VRT opened at $108.18 on Friday. The stock’s 50 day simple moving average is $123.37 and its 200-day simple moving average is $108.12. Vertiv Holdings Co has a 1-year low of $55.00 and a 1-year high of $155.84. 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 $40.60 billion, a PE ratio of 72.12, a price-to-earnings-growth ratio of 0.94 and a beta of 1.64.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.15. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. During the same quarter in the previous year, the company posted $0.56 EPS. As a group, equities research analysts anticipate that Vertiv Holdings Co will post 2.7 EPS for the current fiscal year.

Vertiv Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were issued 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 0.14%. This is an increase from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio (DPR) is currently 6.67%.

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.