35,556 Shares in Vertiv Holdings Co (NYSE:VRT) Purchased by Avanza Fonder AB

Avanza Fonder AB acquired a new stake in Vertiv Holdings Co (NYSE:VRT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 35,556 shares of the company’s stock, valued at approximately $4,040,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Anchor Investment Management LLC acquired a new stake in shares of Vertiv in the 2nd quarter valued at approximately $26,000. Krane Funds Advisors LLC purchased a new position in Vertiv in the third quarter worth $29,000. Global Trust Asset Management LLC acquired a new stake in Vertiv in the third quarter valued at $30,000. Mark Sheptoff Financial Planning LLC boosted its position in shares of Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Vertiv during the 3rd quarter worth $30,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Trading Up 2.5 %

Vertiv stock opened at $135.94 on Friday. The stock has a 50-day moving average price of $125.86 and a 200 day moving average price of $103.16. Vertiv Holdings Co has a 52 week low of $49.67 and a 52 week high of $145.67. The stock has a market cap of $51.02 billion, a PE ratio of 90.63, a P/E/G ratio of 0.99 and a beta of 1.63. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The business 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 company’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 earnings per share. Equities research analysts predict that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date was Tuesday, December 3rd. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio is currently 6.67%.

Wall Street Analysts Forecast Growth

VRT has been the subject of several recent analyst reports. Morgan Stanley started coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective for the company. TD Cowen lifted their price target 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. Evercore ISI lowered their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday. JPMorgan Chase & Co. lifted their price objective on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Finally, Bank of America upped their target price on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Two investment 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 an average rating of “Moderate Buy” and a consensus price target of $141.75.

Insider Transactions at Vertiv

In other news, EVP Stephen Liang sold 86,619 shares of the stock in a transaction dated Tuesday, November 26th. The shares were 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 directly owns 19,551 shares in the company, valued at $2,562,549.57. This represents a 81.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were 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 of the company’s stock, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 171,527 shares of company stock worth $23,105,682 over the last quarter. 5.01% of the stock is currently 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.