Oak Thistle LLC Makes New $789,000 Investment in Vertiv Holdings Co (NYSE:VRT)

Oak Thistle LLC purchased a new position in Vertiv Holdings Co (NYSE:VRTFree Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 16,422 shares of the company’s stock, valued at approximately $789,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Horizon Advisors Inc. grew its position in Vertiv by 161.7% in 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. Clear Street Markets LLC acquired a new stake in Vertiv in the 4th quarter worth $27,000. Brown Brothers Harriman & Co. grew its position in Vertiv by 648.5% in the 1st quarter. Brown Brothers Harriman & Co. now owns 2,500 shares of the company’s stock worth $35,000 after purchasing an additional 2,166 shares during the last quarter. Clearstead Advisors LLC acquired a new stake in Vertiv in the 3rd quarter worth $38,000. Finally, Huntington National Bank boosted its position in shares of Vertiv by 299.1% during the 3rd quarter. Huntington National Bank now owns 1,329 shares of the company’s stock valued at $49,000 after acquiring an additional 996 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Price Performance

NYSE:VRT opened at $80.77 on Wednesday. The firm has a market cap of $30.85 billion, a PE ratio of 68.45, a price-to-earnings-growth ratio of 1.28 and a beta of 1.59. Vertiv Holdings Co has a 12 month low of $11.95 and a 12 month high of $86.63. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 1.45. The company’s 50-day moving average price is $67.97 and its two-hundred day moving average price is $51.97.

Vertiv (NYSE:VRTGet Free Report) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. Vertiv had a net margin of 6.71% and a return on equity of 39.46%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the business earned $0.28 earnings per share. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, equities analysts anticipate that Vertiv Holdings Co will post 2.35 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date of this dividend was Monday, March 18th. Vertiv’s dividend payout ratio is presently 8.47%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on VRT. Bank of America lifted their target price 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. Mizuho lifted their target price on shares of Vertiv from $50.00 to $56.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. JPMorgan Chase & Co. lifted their target price on shares of Vertiv from $53.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Evercore ISI lifted their target price on shares of Vertiv from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, March 13th. Finally, Citigroup lifted their target price on shares of Vertiv from $49.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, December 11th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Vertiv currently has a consensus rating of “Moderate Buy” and an average target price of $61.38.

Check Out Our Latest Report on Vertiv

Insiders Place Their Bets

In other Vertiv 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 value of $21,507,207.04. Following the completion of the transaction, the executive vice president now directly owns 51,841 shares of the company’s stock, valued at $3,641,311.84. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CAO Scott Cripps sold 56,594 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen Liang sold 306,196 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the sale, the executive vice president now directly owns 51,841 shares of the company’s stock, valued at $3,641,311.84. The disclosure for this sale can be found here. Insiders own 5.62% of the company’s stock.

About Vertiv

(Free Report)

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.

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Institutional Ownership by Quarter for Vertiv (NYSE:VRT)

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