Vertiv Holdings Co (NYSE:VRT) Shares Purchased by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC boosted its position in shares of Vertiv Holdings Co (NYSE:VRT) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,925 shares of the company’s stock after purchasing an additional 910 shares during the period. Harbour Capital Advisors LLC’s holdings in Vertiv were worth $2,253,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of VRT. Wedmont Private Capital raised its position in Vertiv by 8.8% in the fourth quarter. Wedmont Private Capital now owns 2,268 shares of the company’s stock valued at $258,000 after purchasing an additional 183 shares during the period. Kieckhefer Group LLC purchased a new stake in Vertiv in the 4th quarter valued at about $4,090,000. ORG Partners LLC lifted its position in Vertiv by 108.7% in the fourth quarter. ORG Partners LLC now owns 956 shares of the company’s stock valued at $109,000 after buying an additional 498 shares during the last quarter. Watts Gwilliam & Co. LLC purchased a new position in Vertiv during the fourth quarter worth about $1,671,000. Finally, First Hawaiian Bank increased its position in shares of Vertiv by 56.5% during the fourth quarter. First Hawaiian Bank now owns 3,447 shares of the company’s stock valued at $392,000 after acquiring an additional 1,244 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Anand Sanghi sold 30,914 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 19,448 shares of the company’s stock, valued at $2,751,114.08. This trade represents a 61.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jakki L. Haussler sold 15,347 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total value of $2,108,370.86. Following the sale, the director now directly owns 3,425 shares of the company’s stock, valued at $470,526.50. The trade was a 81.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is currently owned by insiders.

Vertiv Stock Down 4.6 %

NYSE VRT traded down $5.90 during trading on Monday, reaching $123.03. 5,118,974 shares of the company’s stock were exchanged, compared to its average volume of 6,241,425. Vertiv Holdings Co has a 1 year low of $48.86 and a 1 year high of $145.67. The stock has a market cap of $46.18 billion, a P/E ratio of 82.02, a price-to-earnings-growth ratio of 1.29 and a beta of 1.63. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. The company has a 50 day moving average price of $124.74 and a two-hundred day moving average price of $102.19.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.52 earnings per share. On average, equities research analysts anticipate that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Morgan Stanley started coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective for the company. Mizuho lifted their price objective on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Evercore ISI increased their target price on Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Bank of America lifted their target price on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Citigroup increased their price target on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. 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.com, the company currently has an average rating of “Moderate Buy” and an average price target of $140.92.

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.