SFE Investment Counsel Purchases New Stake in Vertiv Holdings Co (NYSE:VRT)

SFE Investment Counsel acquired a new position in shares of Vertiv Holdings Co (NYSE:VRT) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,870 shares of the company’s stock, valued at approximately $212,000.

Several other hedge funds have also recently bought and sold shares of VRT. Hudock Inc. lifted its holdings in shares of Vertiv by 6.8% during the 4th quarter. Hudock Inc. now owns 3,456 shares of the company’s stock worth $393,000 after acquiring an additional 219 shares during the period. Values First Advisors Inc. acquired a new position in Vertiv during the fourth quarter valued at approximately $475,000. Davidson Capital Management Inc. lifted its stake in Vertiv by 54.2% during the fourth quarter. Davidson Capital Management Inc. now owns 31,604 shares of the company’s stock worth $3,591,000 after purchasing an additional 11,108 shares during the last quarter. Leavell Investment Management Inc. acquired a new stake in shares of Vertiv in the 4th quarter valued at $280,000. Finally, Compound Global Advisors LLC bought a new position in shares of Vertiv in the 4th quarter valued at $284,000. 89.92% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value of $4,373,094.44. Following the transaction, the insider now owns 19,448 shares in the company, valued at approximately $2,751,114.08. This represents a 61.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were 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 directly owns 19,551 shares of the company’s stock, valued at $2,562,549.57. This trade represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is currently owned by company insiders.

Vertiv Stock Performance

VRT stock opened at $111.34 on Thursday. The firm has a market cap of $41.79 billion, a PE ratio of 74.23, a price-to-earnings-growth ratio of 0.94 and a beta of 1.64. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The stock has a 50-day moving average price of $123.88 and a 200-day moving average price of $108.11. Vertiv Holdings Co has a 1-year low of $55.00 and a 1-year high of $155.84.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. During the same period in the prior year, the company earned $0.56 earnings per share. As a group, equities research analysts expect that Vertiv Holdings Co will post 2.7 earnings per share for the current year.

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were paid a dividend of $0.0375 per share. The ex-dividend date was Tuesday, December 3rd. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 0.13%. Vertiv’s dividend payout ratio is currently 6.67%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on VRT shares. Mizuho upped their price objective on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Oppenheimer increased their target price on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Bank of America lifted 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. Melius Research reiterated a “hold” rating and issued a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Finally, UBS Group began coverage on shares of Vertiv in a report on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Vertiv currently has a consensus rating of “Moderate Buy” and an average price target of $139.36.

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.