Ayrshire Capital Management LLC Invests $677,000 in Vertiv Holdings Co (NYSE:VRT)

Ayrshire Capital Management LLC purchased a new position in shares of Vertiv Holdings Co (NYSE:VRT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 5,961 shares of the company’s stock, valued at approximately $677,000.

Several other institutional investors have also bought and sold shares of VRT. Anchor Investment Management LLC bought a new position in shares of Vertiv during the 2nd quarter worth $26,000. Krane Funds Advisors LLC bought a new position in Vertiv in the 3rd quarter worth about $29,000. Global Trust Asset Management LLC purchased a new position in Vertiv during the 3rd quarter valued at about $30,000. Mark Sheptoff Financial Planning LLC increased its position in shares of Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after buying an additional 200 shares during the period. Finally, Brooklyn Investment Group bought a new position in shares of Vertiv in the 3rd quarter worth $30,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on VRT. Jefferies Financial Group assumed coverage on Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 price objective for the company. Barclays started coverage on Vertiv in a research report on Thursday, December 12th. They issued an “equal weight” rating and a $142.00 price objective on the stock. Morgan Stanley initiated coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 price target on the stock. Citigroup upped their target price on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Oppenheimer increased their price objective on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.92.

Insider Activity

In other news, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the transaction, the executive vice president now owns 19,551 shares in the company, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Anand Sanghi sold 30,914 shares of the company’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 completion of the sale, the insider now directly owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. This trade represents a 61.38 % 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 Performance

VRT stock opened at $124.06 on Tuesday. Vertiv Holdings Co has a 1 year low of $48.86 and a 1 year high of $145.67. The company has a market cap of $46.56 billion, a P/E ratio of 82.71, a price-to-earnings-growth ratio of 1.29 and a beta of 1.63. The stock’s fifty day moving average price is $125.10 and its 200-day moving average price is $102.45. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. Vertiv’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. On average, equities analysts forecast that Vertiv Holdings Co will post 2.69 earnings per share for the current year.

Vertiv Increases Dividend

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

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.