Owen LaRue LLC Purchases Shares of 35,608 Vertiv Holdings Co (NYSE:VRT)

Owen LaRue LLC purchased a new stake in Vertiv Holdings Co (NYSE:VRT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 35,608 shares of the company’s stock, valued at approximately $1,710,000. Vertiv accounts for approximately 1.6% of Owen LaRue LLC’s portfolio, making the stock its 20th biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VRT. Commonwealth Equity Services LLC acquired a new position in Vertiv in the 3rd quarter valued at approximately $2,241,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Vertiv by 5.6% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 48,099 shares of the company’s stock valued at $1,789,000 after purchasing an additional 2,548 shares during the last quarter. Xponance Inc. boosted its stake in shares of Vertiv by 4.1% in the 3rd quarter. Xponance Inc. now owns 14,558 shares of the company’s stock valued at $542,000 after purchasing an additional 577 shares during the last quarter. Maryland State Retirement & Pension System boosted its stake in shares of Vertiv by 6.2% in the 3rd quarter. Maryland State Retirement & Pension System now owns 26,178 shares of the company’s stock valued at $974,000 after purchasing an additional 1,529 shares during the last quarter. Finally, Silvant Capital Management LLC boosted its stake in shares of Vertiv by 96.5% in the 3rd quarter. Silvant Capital Management LLC now owns 78,135 shares of the company’s stock valued at $2,907,000 after purchasing an additional 38,373 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Price Performance

Vertiv stock traded down $4.10 during mid-day trading on Wednesday, hitting $88.90. 3,653,006 shares of the company traded hands, compared to its average volume of 8,203,348. Vertiv Holdings Co has a one year low of $14.27 and a one year high of $95.70. The stock has a market cap of $33.96 billion, a price-to-earnings ratio of 85.66, a price-to-earnings-growth ratio of 1.43 and a beta of 1.59. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.35 and a current ratio of 1.34. The stock has a fifty day moving average price of $77.77 and a 200-day moving average price of $58.46.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.06. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same period in the previous year, the business posted $0.24 earnings per share. Vertiv’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities analysts predict that Vertiv Holdings Co will post 2.42 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th were given a dividend of $0.025 per share. The ex-dividend date was Monday, March 18th. This represents a $0.10 annualized dividend and a yield of 0.11%. Vertiv’s payout ratio is presently 9.62%.

Insider Buying and Selling at Vertiv

In other Vertiv news, EVP Stephen Liang sold 306,196 shares of Vertiv stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the transaction, the executive vice president now directly owns 51,841 shares of the company’s stock, valued at $3,641,311.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Vertiv news, EVP Stephen Liang sold 306,196 shares of Vertiv stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the transaction, the executive vice president now directly owns 51,841 shares of the company’s stock, valued at $3,641,311.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Scott Cripps sold 56,594 shares of Vertiv stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $70.76, for a total transaction of $4,004,591.44. The disclosure for this sale can be found here. Insiders sold a total of 3,362,790 shares of company stock worth $306,451,347 over the last three months. 5.62% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VRT. Citigroup increased their target price on shares of Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Evercore ISI increased their target price on shares of Vertiv from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Oppenheimer raised their price objective on shares of Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Bank of America lifted their target price on shares of Vertiv from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Finally, Mizuho lifted their target price on shares of Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.11.

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.