Inspire Investing LLC Buys Shares of 7,166 Vertiv Holdings Co (NYSE:VRT)

Inspire Investing LLC bought a new stake in Vertiv Holdings Co (NYSE:VRT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 7,166 shares of the company’s stock, valued at approximately $814,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VRT. Bank of Montreal Can raised its position in Vertiv by 41.0% in the second quarter. Bank of Montreal Can now owns 156,531 shares of the company’s stock valued at $14,365,000 after purchasing an additional 45,525 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Vertiv by 60.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 69,495 shares of the company’s stock valued at $6,016,000 after purchasing an additional 26,231 shares during the period. APG Asset Management N.V. raised its holdings in shares of Vertiv by 72.0% in the 2nd quarter. APG Asset Management N.V. now owns 79,114 shares of the company’s stock valued at $6,390,000 after buying an additional 33,114 shares during the period. MBB Public Markets I LLC purchased a new stake in shares of Vertiv in the 2nd quarter valued at $3,859,000. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Vertiv by 55.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,523 shares of the company’s stock valued at $2,642,000 after buying an additional 10,884 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Trading Down 4.9 %

NYSE:VRT opened at $146.03 on Friday. The stock has a 50-day simple moving average of $127.76 and a 200-day simple moving average of $104.99. The stock has a market cap of $54.81 billion, a P/E ratio of 97.35, a P/E/G ratio of 1.16 and a beta of 1.63. Vertiv Holdings Co has a 1 year low of $52.40 and a 1 year high of $155.84. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.07. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 EPS. As a group, analysts anticipate that Vertiv Holdings Co will post 2.7 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were given a dividend of $0.0375 per share. This is a boost from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a dividend yield of 0.10%. The ex-dividend date of this dividend was Tuesday, December 3rd. Vertiv’s dividend payout ratio is currently 6.67%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Citigroup boosted their price objective on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 9th. TD Cowen boosted their price objective on Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Oppenheimer boosted their price objective on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. UBS Group began coverage on Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective on the stock. Finally, Evercore ISI lowered their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Vertiv has an average rating of “Moderate Buy” and an average price target of $141.75.

Insider Activity at Vertiv

In related news, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the sale, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at $2,562,549.57. This represents a 81.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $141.46, for a total value 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. Insiders sold a total of 171,527 shares of company stock valued at $23,105,682 in the last three months. 5.01% of the stock is currently owned by company insiders.

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.