Kera Capital Partners Inc. Takes $7.61 Million Position in Vertiv Holdings Co (NYSE:VRT)

Kera Capital Partners Inc. purchased a new position in Vertiv Holdings Co (NYSE:VRT) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 67,006 shares of the company’s stock, valued at approximately $7,613,000. Vertiv comprises 2.2% of Kera Capital Partners Inc.’s investment portfolio, making the stock its 11th largest position.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. State Street Corp increased its stake in shares of Vertiv by 4.2% in the third quarter. State Street Corp now owns 7,635,081 shares of the company’s stock valued at $759,614,000 after purchasing an additional 308,704 shares during the period. Geode Capital Management LLC grew its holdings in Vertiv by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company’s stock worth $592,433,000 after buying an additional 408,054 shares in the last quarter. Jennison Associates LLC grew its holdings in Vertiv by 10,825.0% in the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock worth $457,695,000 after buying an additional 4,558,306 shares in the last quarter. Wellington Management Group LLP raised its stake in Vertiv by 271.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after acquiring an additional 2,860,181 shares in the last quarter. Finally, Westfield Capital Management Co. LP boosted its position in Vertiv by 1.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 3,611,566 shares of the company’s stock worth $359,315,000 after acquiring an additional 40,696 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Performance

Shares of NYSE VRT opened at $135.94 on Friday. Vertiv Holdings Co has a 52-week low of $49.67 and a 52-week high of $145.67. The stock has a market capitalization of $51.02 billion, a price-to-earnings ratio of 90.63, a PEG ratio of 0.99 and a beta of 1.63. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The stock’s fifty day simple moving average is $126.07 and its 200 day simple moving average is $103.50.

Vertiv (NYSE:VRT) last posted 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. 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 the consensus estimate of $1.98 billion. During the same quarter in the previous year, the company earned $0.52 EPS. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Increases Dividend

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

Insiders Place Their Bets

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of Vertiv 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 transaction, the insider now owns 19,448 shares of the company’s stock, valued at $2,751,114.08. The trade was a 61.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jan Van Dokkum sold 38,647 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $136.39, for a total value of $5,271,064.33. Following the completion of the transaction, the director now owns 25,000 shares in the company, valued at $3,409,750. This represents a 60.72 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 171,527 shares of company stock worth $23,105,682. Corporate insiders own 5.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on VRT shares. JPMorgan Chase & Co. lifted their price objective on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. Citigroup boosted their price target on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. TD Cowen increased their price objective on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Morgan Stanley started coverage on Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 target price on the stock. Finally, Evercore ISI lowered their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Vertiv currently has a consensus rating of “Moderate Buy” and an average target price of $141.75.

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.