120,000 Shares in Vertiv Holdings Co (NYSE:VRT) Purchased by Goodlander Investment Management LLC

Goodlander Investment Management LLC acquired a new stake in Vertiv Holdings Co (NYSE:VRT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 120,000 shares of the company’s stock, valued at approximately $13,633,000. Vertiv makes up approximately 10.3% of Goodlander Investment Management LLC’s portfolio, making the stock its 5th biggest holding.

A number of other institutional investors also recently modified their holdings of VRT. Vanguard Group Inc. increased its holdings in shares of Vertiv by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company’s stock valued at $4,130,415,000 after purchasing an additional 1,244,780 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Vertiv by 68.6% in the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock valued at $880,971,000 after buying an additional 3,153,932 shares during the period. Geode Capital Management LLC raised its position in shares of Vertiv by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company’s stock worth $688,260,000 after acquiring an additional 99,181 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Vertiv during the fourth quarter valued at $597,379,000. Finally, Wellington Management Group LLP boosted its holdings in Vertiv by 25.3% in the fourth quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company’s stock valued at $557,349,000 after acquiring an additional 990,361 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

Vertiv Price Performance

NYSE VRT opened at $94.17 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The stock has a market cap of $35.89 billion, a price-to-earnings ratio of 73.57, a PEG ratio of 1.07 and a beta of 1.70. The business has a 50 day simple moving average of $80.47 and a 200 day simple moving average of $106.26. Vertiv Holdings Co has a 52-week low of $53.60 and a 52-week high of $155.84.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The firm’s revenue was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.0375 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a dividend yield of 0.16%. Vertiv’s dividend payout ratio is currently 8.72%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VRT. Citigroup dropped their price objective on Vertiv from $153.00 to $98.00 and set a “buy” rating for the company in a report on Monday, April 14th. Royal Bank of Canada initiated coverage on shares of Vertiv in a report on Friday, March 7th. They issued an “outperform” rating and a $121.00 price objective on the stock. The Goldman Sachs Group lowered their target price on shares of Vertiv from $135.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Melius Research reissued a “hold” rating and issued a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Finally, Melius lowered Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research report on Tuesday, January 28th. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $120.38.

Insider Buying and Selling

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $94.33, for a total transaction of $518,815.00. Following the completion of the transaction, the insider now owns 18,847 shares of the company’s stock, valued at $1,777,837.51. This represents a 22.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.63% of the stock is owned by corporate insiders.

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.