Board of the Pension Protection Fund Takes $409,000 Position in Vertiv Holdings Co (NYSE:VRT)

Board of the Pension Protection Fund bought a new position in shares of Vertiv Holdings Co (NYSE:VRT) during the fourth quarter, Holdings Channel reports. The firm bought 3,600 shares of the company’s stock, valued at approximately $409,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Floyd Financial Group LLC purchased a new stake in shares of Vertiv during the 4th quarter worth approximately $974,000. SeaCrest Wealth Management LLC grew its holdings in Vertiv by 35.4% during the fourth quarter. SeaCrest Wealth Management LLC now owns 21,858 shares of the company’s stock valued at $2,483,000 after purchasing an additional 5,712 shares during the period. Accurate Wealth Management LLC increased its position in Vertiv by 4.1% in the fourth quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock worth $254,000 after buying an additional 87 shares during the last quarter. Ayrshire Capital Management LLC bought a new stake in shares of Vertiv in the fourth quarter valued at $677,000. Finally, Grandview Asset Management LLC purchased a new position in shares of Vertiv during the 4th quarter valued at $315,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Trading Up 3.8 %

Shares of VRT stock opened at $128.67 on Wednesday. The company has a market capitalization of $48.29 billion, a PE ratio of 85.78, a price-to-earnings-growth ratio of 1.29 and a beta of 1.63. Vertiv Holdings Co has a 52-week low of $48.86 and a 52-week high of $145.67. The business’s fifty day moving average is $125.42 and its 200 day moving average is $102.74. 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 results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter last year, the firm posted $0.52 EPS. The company’s revenue was up 19.0% compared to the same quarter last year. On average, equities research analysts anticipate that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

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

Insider Transactions at Vertiv

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction that occurred on 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 owns 19,551 shares of the company’s stock, valued at $2,562,549.57. This represents a 81.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jakki L. Haussler sold 15,347 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the transaction, the director now owns 3,425 shares in the company, valued at $470,526.50. The trade was a 81.75 % 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 valued at $23,105,682 in the last quarter. Insiders own 5.01% of the company’s stock.

Wall Street Analysts Forecast Growth

VRT has been the subject of several recent research reports. Barclays started coverage on Vertiv in a report on Thursday, December 12th. They issued an “equal weight” rating and a $142.00 price objective for the company. TD Cowen boosted 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. Fox Advisors began coverage on shares of Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating on the stock. Evercore ISI lifted their price objective on shares of Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Jefferies Financial Group began coverage on Vertiv in a research report on Monday, October 7th. They set a “buy” rating and a $125.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $140.92.

Vertiv 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.