Bouvel Investment Partners LLC Purchases 117 Shares of Vertiv Holdings Co (NYSE:VRT)

Bouvel Investment Partners LLC grew its holdings in Vertiv Holdings Co (NYSE:VRT) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,097 shares of the company’s stock after buying an additional 117 shares during the quarter. Bouvel Investment Partners LLC’s holdings in Vertiv were worth $1,261,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Silverleafe Capital Partners LLC acquired a new stake in Vertiv in the 4th quarter valued at about $4,219,000. Clearbridge Investments LLC increased its holdings in shares of Vertiv by 15.4% in the second quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company’s stock valued at $221,013,000 after purchasing an additional 340,639 shares in the last quarter. Whittier Trust Co. increased its holdings in shares of Vertiv by 7.2% in the third quarter. Whittier Trust Co. now owns 127,210 shares of the company’s stock valued at $12,656,000 after purchasing an additional 8,579 shares in the last quarter. Janney Capital Management LLC bought a new position in Vertiv in the 3rd quarter worth approximately $8,403,000. Finally, Gordian Capital Singapore Pte Ltd boosted its position in Vertiv by 112.5% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock valued at $846,000 after buying an additional 4,500 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

Vertiv Stock Performance

Shares of Vertiv stock opened at $132.78 on Friday. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The firm has a market cap of $49.84 billion, a price-to-earnings ratio of 88.52, a price-to-earnings-growth ratio of 0.99 and a beta of 1.63. Vertiv Holdings Co has a one year low of $48.86 and a one year high of $145.67. The stock’s 50-day moving average is $125.65 and its 200-day moving average is $102.95.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The business’s revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.52 EPS. Equities analysts predict that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Increases Dividend

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

Analysts Set New Price Targets

VRT has been the subject of a number of research reports. Fox Advisors began coverage on Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating for the company. Evercore ISI boosted their price target on shares of Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. The Goldman Sachs Group increased their price objective on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. UBS Group initiated coverage on shares of Vertiv in a report on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price for the company. Finally, JPMorgan Chase & Co. increased their price target on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.92.

Insider Activity at Vertiv

In other news, 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Jan Van Dokkum sold 38,647 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $136.39, for a total value of $5,271,064.33. Following the transaction, the director now directly owns 25,000 shares in the company, valued at $3,409,750. The trade was a 60.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is owned by insiders.

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.