Watts Gwilliam & Co. LLC Buys Shares of 14,707 Vertiv Holdings Co (NYSE:VRT)

Watts Gwilliam & Co. LLC purchased a new position in Vertiv Holdings Co (NYSE:VRT) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 14,707 shares of the company’s stock, valued at approximately $1,671,000.

A number of other large investors also recently modified their holdings of VRT. First Hawaiian Bank grew its stake in shares of Vertiv by 56.5% in the fourth quarter. First Hawaiian Bank now owns 3,447 shares of the company’s stock worth $392,000 after acquiring an additional 1,244 shares during the last quarter. Fulton Bank N.A. grew its position in Vertiv by 6.6% in the 4th quarter. Fulton Bank N.A. now owns 3,252 shares of the company’s stock worth $369,000 after purchasing an additional 201 shares during the last quarter. Diversified Trust Co grew its position in Vertiv by 0.4% in the 4th quarter. Diversified Trust Co now owns 32,688 shares of the company’s stock worth $3,714,000 after purchasing an additional 123 shares during the last quarter. Silverleafe Capital Partners LLC bought a new position in shares of Vertiv during the 4th quarter worth about $4,219,000. Finally, Neville Rodie & Shaw Inc. raised its position in shares of Vertiv by 160.2% during the fourth quarter. Neville Rodie & Shaw Inc. now owns 41,555 shares of the company’s stock valued at $4,721,000 after buying an additional 25,585 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Jefferies Financial Group began coverage on Vertiv in a research note on Monday, October 7th. They set a “buy” rating and a $125.00 price target on the stock. UBS Group assumed coverage on Vertiv in a research report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price objective on the stock. Fox Advisors assumed coverage on Vertiv in a research report on Monday. They issued an “equal weight” rating for the company. Oppenheimer boosted their price target on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, Morgan Stanley assumed coverage on shares of Vertiv in a research note on Monday. They issued an “overweight” rating and a $150.00 price objective for the company. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $140.92.

Insider Buying and Selling

In other news, insider Anand Sanghi sold 30,914 shares of the business’s 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 completion of the sale, the insider now owns 19,448 shares in the company, valued at $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jakki L. Haussler sold 15,347 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 3,425 shares in the company, valued at $470,526.50. This trade represents a 81.75 % 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 worth $23,105,682 in the last 90 days. Corporate insiders own 5.01% of the company’s stock.

Vertiv Price Performance

NYSE:VRT opened at $129.35 on Friday. 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 firm has a market cap of $48.55 billion, a PE ratio of 86.23, a price-to-earnings-growth ratio of 1.29 and a beta of 1.63. Vertiv Holdings Co has a 12 month low of $47.45 and a 12 month high of $145.67. The company’s 50-day moving average price is $124.30 and its two-hundred day moving average price is $101.73.

Vertiv (NYSE:VRT) last announced 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. 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 the consensus estimate of $1.98 billion. During the same period in the previous year, the business earned $0.52 EPS. Vertiv’s revenue was up 19.0% compared to the same quarter last year. On average, equities analysts anticipate that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. This is a boost from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 3rd. Vertiv’s payout ratio is currently 6.67%.

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.