EdgeRock Capital LLC Makes New Investment in Vertiv Holdings Co (NYSE:VRT)

EdgeRock Capital LLC purchased a new position in Vertiv Holdings Co (NYSE:VRT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,761 shares of the company’s stock, valued at approximately $181,000.

Several other institutional investors have also modified their holdings of the business. GAMMA Investing LLC purchased a new stake in shares of Vertiv during the 4th quarter worth $26,000. First Horizon Advisors Inc. lifted its position in shares of Vertiv by 161.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 662 shares of the company’s stock worth $25,000 after purchasing an additional 409 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Vertiv during the 4th quarter worth $38,000. TFC Financial Management Inc. purchased a new stake in shares of Vertiv during the 4th quarter worth $42,000. Finally, Clearstead Advisors LLC purchased a new stake in shares of Vertiv during the 3rd quarter worth $38,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VRT. Bank of America boosted their price target on shares of Vertiv from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Oppenheimer boosted their price target on shares of Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Evercore ISI boosted their price target on shares of Vertiv from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Citigroup boosted their price target on shares of Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $81.11.

Insider Transactions at Vertiv

In other news, EVP Stephen Liang sold 306,196 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the transaction, the executive vice president now directly owns 51,841 shares in the company, valued at $3,641,311.84. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Vertiv news, EVP Stephen Liang sold 306,196 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the transaction, the executive vice president now directly owns 51,841 shares in the company, valued at $3,641,311.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Yibin Edward Cui sold 668 shares of the company’s stock in a transaction dated Saturday, May 4th. The stock was sold at an average price of $94.39, for a total transaction of $63,052.52. Following the transaction, the insider now owns 19,452 shares in the company, valued at $1,836,074.28. The disclosure for this sale can be found here. Insiders have sold a total of 3,409,664 shares of company stock worth $310,846,212 over the last ninety days. 5.62% of the stock is currently owned by company insiders.

Vertiv Stock Performance

Shares of NYSE:VRT traded down $2.35 on Tuesday, reaching $94.91. The company’s stock had a trading volume of 5,718,537 shares, compared to its average volume of 8,168,723. The stock’s 50-day moving average is $80.75 and its two-hundred day moving average is $60.37. Vertiv Holdings Co has a 52-week low of $14.68 and a 52-week high of $97.49. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.34 and a quick ratio of 0.98. The stock has a market capitalization of $35.53 billion, a P/E ratio of 91.26, a PEG ratio of 1.41 and a beta of 1.55.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same period in the previous year, the business posted $0.24 earnings per share. The business’s revenue was up 7.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Vertiv Holdings Co will post 2.42 EPS for the current year.

Vertiv Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 19th were paid a dividend of $0.025 per share. The ex-dividend date was Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.11%. Vertiv’s dividend payout ratio (DPR) is 9.62%.

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.