Grandview Asset Management LLC Makes New Investment in Vertiv Holdings Co (NYSE:VRT)

Grandview Asset Management LLC acquired a new position in shares of Vertiv Holdings Co (NYSE:VRT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,771 shares of the company’s stock, valued at approximately $315,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. FNY Investment Advisers LLC acquired a new stake in Vertiv in the 4th quarter worth about $34,000. Pallas Capital Advisors LLC boosted its position in shares of Vertiv by 4.4% in the fourth quarter. Pallas Capital Advisors LLC now owns 5,377 shares of the company’s stock worth $611,000 after acquiring an additional 226 shares during the last quarter. Friedenthal Financial purchased a new stake in Vertiv in the fourth quarter valued at approximately $766,000. Grassi Investment Management acquired a new position in Vertiv during the fourth quarter worth approximately $1,380,000. Finally, Harbour Capital Advisors LLC raised its stake in Vertiv by 5.3% during the fourth quarter. Harbour Capital Advisors LLC now owns 17,925 shares of the company’s stock worth $2,253,000 after purchasing an additional 910 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented 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 report on Tuesday, November 19th. Morgan Stanley initiated coverage on Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective on the stock. Bank of America boosted their target price on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. UBS Group started coverage on shares of Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target on the stock. Finally, Barclays began coverage on Vertiv in a research report on Thursday, December 12th. They issued an “equal weight” rating and a $142.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Vertiv presently has a consensus rating of “Moderate Buy” and an average price target of $140.92.

Insider Activity

In other news, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the transaction, the insider now directly owns 19,448 shares in the company, valued at approximately $2,751,114.08. This trade represents a 61.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jakki L. Haussler sold 15,347 shares of the firm’s stock in a transaction dated 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 transaction, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is currently owned by company insiders.

Vertiv Price Performance

Shares of VRT stock opened at $124.06 on Tuesday. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. Vertiv Holdings Co has a 1-year low of $48.86 and a 1-year high of $145.67. The firm has a fifty day moving average of $125.10 and a two-hundred day moving average of $102.45. The firm has a market cap of $46.56 billion, a P/E ratio of 82.71, a P/E/G ratio of 1.29 and a beta of 1.63.

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

Vertiv Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s payout ratio is currently 6.67%.

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.