Albion Financial Group UT Purchases 7,005 Shares of Vertiv Holdings Co (NYSE:VRT)

Albion Financial Group UT grew its position in shares of Vertiv Holdings Co (NYSE:VRT) by 6.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 108,687 shares of the company’s stock after purchasing an additional 7,005 shares during the quarter. Albion Financial Group UT’s holdings in Vertiv were worth $12,348,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Krane Funds Advisors LLC acquired a new stake in Vertiv during the 3rd quarter worth approximately $29,000. Anchor Investment Management LLC acquired a new position in shares of Vertiv during the second quarter worth $26,000. Global Trust Asset Management LLC bought a new stake in shares of Vertiv in the third quarter worth $30,000. Mark Sheptoff Financial Planning LLC increased its holdings in Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares during the period. Finally, FNY Investment Advisers LLC bought a new position in Vertiv during the 4th quarter worth $34,000. 89.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Evercore ISI decreased their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. TD Cowen increased their target price on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Jefferies Financial Group started coverage on shares of Vertiv in a research report on Monday, October 7th. They set a “buy” rating and a $125.00 price objective for the company. Barclays assumed coverage on shares of Vertiv in a report on Thursday, December 12th. They issued an “equal weight” rating and a $142.00 target price on the stock. Finally, Morgan Stanley initiated coverage on Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 price target for the company. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $141.75.

Vertiv Price Performance

Shares of VRT opened at $143.16 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The business’s fifty day moving average is $126.63 and its 200 day moving average is $104.34. Vertiv Holdings Co has a 12-month low of $52.40 and a 12-month high of $145.67. The stock has a market cap of $53.73 billion, a P/E ratio of 95.44, a P/E/G ratio of 1.06 and a beta of 1.63.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 earnings per share. Sell-side analysts anticipate that Vertiv Holdings Co will post 2.7 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The business also recently announced 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 a boost 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 dividend yield of 0.10%. Vertiv’s payout ratio is presently 6.67%.

Insider Activity at Vertiv

In related news, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the sale, the insider now directly owns 19,448 shares in the company, valued at approximately $2,751,114.08. This trade represents a 61.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 value 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 trade represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is owned by insiders.

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.