Vertiv Holdings Co (NYSE:VRT) Position Increased by Global Trust Asset Management LLC

Global Trust Asset Management LLC grew its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 96.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 590 shares of the company’s stock after purchasing an additional 290 shares during the period. Global Trust Asset Management LLC’s holdings in Vertiv were worth $67,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Silverleafe Capital Partners LLC acquired a new stake in Vertiv during the fourth quarter worth about $4,219,000. Clearbridge Investments LLC raised its position in shares of Vertiv by 15.4% during the 2nd quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company’s stock worth $221,013,000 after purchasing an additional 340,639 shares during the period. Whittier Trust Co. lifted its holdings in shares of Vertiv by 7.2% in the 3rd quarter. Whittier Trust Co. now owns 127,210 shares of the company’s stock worth $12,656,000 after purchasing an additional 8,579 shares during the last quarter. Janney Capital Management LLC acquired a new position in Vertiv during the 3rd quarter valued at approximately $8,403,000. Finally, Gordian Capital Singapore Pte Ltd grew its stake in Vertiv by 112.5% during the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock worth $846,000 after buying an additional 4,500 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.

Vertiv Stock Performance

Shares of VRT opened at $148.54 on Thursday. 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’s 50 day moving average is $126.63 and its 200-day moving average is $104.34. Vertiv Holdings Co has a 12-month low of $52.40 and a 12-month high of $154.79. The stock has a market capitalization of $55.75 billion, a P/E ratio of 99.03, a P/E/G ratio of 1.06 and a beta of 1.63.

Vertiv (NYSE:VRT) last posted its quarterly earnings results 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 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 analyst estimates of $1.98 billion. During the same quarter in the previous year, the business posted $0.52 earnings per share. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. Equities research analysts anticipate that Vertiv Holdings Co will post 2.7 EPS for the current fiscal year.

Vertiv Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were paid a $0.0375 dividend. The ex-dividend date was Tuesday, December 3rd. 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. Vertiv’s dividend payout ratio (DPR) is currently 6.67%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on VRT shares. The Goldman Sachs Group boosted their price target on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Bank of America boosted their target price on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. lifted their price target on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Fox Advisors began coverage on Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating for the company. Finally, Citigroup lifted their target price on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $141.75.

Insider Activity at Vertiv

In related news, Director Jakki L. Haussler sold 15,347 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total value of $2,108,370.86. Following the transaction, the director now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anand Sanghi sold 30,914 shares of the company’s 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 sale, the insider now directly owns 19,448 shares of the company’s stock, valued at $2,751,114.08. The trade was a 61.38 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is owned by corporate insiders.

Vertiv 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.