Berbice Capital Management LLC Invests $386,000 in Vertiv Holdings Co (NYSE:VRT)

Berbice Capital Management LLC bought a new position in shares of Vertiv Holdings Co (NYSE:VRT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,400 shares of the company’s stock, valued at approximately $386,000.

Other hedge funds have also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV increased its stake in Vertiv by 166.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 11,730 shares of the company’s stock worth $1,015,000 after buying an additional 7,327 shares during the period. Blair William & Co. IL boosted its stake in Vertiv by 97.3% during the 2nd quarter. Blair William & Co. IL now owns 6,857 shares of the company’s stock valued at $594,000 after purchasing an additional 3,382 shares during the period. Frank Rimerman Advisors LLC acquired a new position in Vertiv during the 2nd quarter valued at about $282,000. Bank of Montreal Can lifted its stake in shares of Vertiv by 41.0% in the 2nd quarter. Bank of Montreal Can now owns 156,531 shares of the company’s stock worth $14,365,000 after acquiring an additional 45,525 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Vertiv by 60.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 69,495 shares of the company’s stock worth $6,016,000 after purchasing an additional 26,231 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on VRT shares. Morgan Stanley assumed coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective on the stock. Citigroup upped their target price on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. increased 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. Mizuho boosted their target price on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Finally, Bank of America upped their price objective on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Vertiv presently has a consensus rating of “Moderate Buy” and an average price target of $141.75.

Vertiv Stock Down 0.5 %

Vertiv stock opened at $152.76 on Friday. The stock has a market cap of $57.34 billion, a P/E ratio of 102.66, a P/E/G ratio of 1.16 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. Vertiv Holdings Co has a twelve month low of $52.40 and a twelve month high of $155.26. The company’s 50-day moving average price is $127.76 and its two-hundred day moving average price is $104.99.

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 net margin of 7.72% and a return on equity of 55.33%. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the prior year, the firm earned $0.52 EPS. The business’s revenue was up 19.0% on a year-over-year basis. As a group, analysts expect that Vertiv Holdings Co will post 2.7 EPS for the current 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 represents a $0.15 dividend on an annualized basis and a yield of 0.10%. This is a boost from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 3rd. Vertiv’s dividend payout ratio (DPR) is 6.67%.

Insider Activity at Vertiv

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were 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 owns 19,551 shares of the company’s stock, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jakki L. Haussler sold 15,347 shares of the company’s stock in a transaction 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 sale, the director now directly owns 3,425 shares in the company, valued at $470,526.50. This trade represents a 81.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 171,527 shares of company stock valued at $23,105,682 over the last three months. 5.01% of the stock is owned by 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.