Chicago Capital LLC Has $12.53 Million Stake in Vertiv Holdings Co (NYSE:VRT)

Chicago Capital LLC boosted its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 585.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 110,286 shares of the company’s stock after buying an additional 94,195 shares during the quarter. Chicago Capital LLC’s holdings in Vertiv were worth $12,530,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of VRT. The Manufacturers Life Insurance Company increased its position in Vertiv by 55.4% during the second quarter. The Manufacturers Life Insurance Company now owns 30,523 shares of the company’s stock worth $2,642,000 after buying an additional 10,884 shares during the last quarter. Creative Planning increased its position in Vertiv by 5.8% during the second quarter. Creative Planning now owns 36,277 shares of the company’s stock worth $3,140,000 after buying an additional 2,004 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Vertiv by 238.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 17,810 shares of the company’s stock valued at $1,542,000 after acquiring an additional 12,546 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in Vertiv during the second quarter valued at about $475,000. Finally, Cetera Investment Advisers boosted its holdings in Vertiv by 92.0% during the second quarter. Cetera Investment Advisers now owns 110,060 shares of the company’s stock valued at $9,528,000 after acquiring an additional 52,749 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Stock Performance

NYSE:VRT opened at $117.14 on Monday. Vertiv Holdings Co has a 12-month low of $55.00 and a 12-month high of $155.84. 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 firm has a market capitalization of $43.97 billion, a PE ratio of 78.10, a price-to-earnings-growth ratio of 0.92 and a beta of 1.64. The firm has a 50-day moving average price of $125.62 and a 200 day moving average price of $106.13.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were issued a dividend of $0.0375 per share. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.15 annualized dividend and a dividend yield of 0.13%. Vertiv’s dividend payout ratio (DPR) is presently 6.67%.

Analyst Upgrades and Downgrades

VRT has been the subject of a number of recent analyst reports. Bank of America upped their price target on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 24th. TD Cowen upped their price target on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. upped their price target on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Fox Advisors initiated coverage on shares of Vertiv in a report on Monday, January 6th. They set an “equal weight” rating for the company. Finally, Jefferies Financial Group initiated coverage on shares of Vertiv in a research note on Monday, October 7th. They issued a “buy” rating and a $125.00 target price for the company. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $139.36.

Insider Transactions at Vertiv

In other news, Director Jakki L. Haussler sold 15,347 shares of the firm’s 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 completion of the sale, the director now owns 3,425 shares of the company’s stock, valued at approximately $470,526.50. This trade represents a 81.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Stephen Liang sold 86,619 shares of the firm’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 transaction of $11,353,152.33. Following the sale, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at approximately $2,562,549.57. The trade was a 81.59 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 171,527 shares of company stock valued at $23,105,682. Corporate insiders own 5.01% of the company’s stock.

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.