Vertiv Holdings Co (NYSE:VRT) Shares Acquired by Calamos Advisors LLC

Calamos Advisors LLC increased its position in shares of Vertiv Holdings Co (NYSE:VRT) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,465 shares of the company’s stock after purchasing an additional 320 shares during the period. Calamos Advisors LLC’s holdings in Vertiv were worth $1,189,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Krane Funds Advisors LLC purchased a new position in shares of Vertiv in the 3rd quarter valued at about $29,000. Global Trust Asset Management LLC acquired a new position in Vertiv in the third quarter valued at approximately $30,000. Mark Sheptoff Financial Planning LLC boosted its holdings in Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares in the last quarter. Brooklyn Investment Group purchased a new position in Vertiv in the third quarter valued at approximately $30,000. Finally, OLD Second National Bank of Aurora acquired a new stake in Vertiv during the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Activity at Vertiv

In other news, insider Anand Sanghi sold 30,914 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $141.46, for a total value of $4,373,094.44. Following the completion of the transaction, the insider now owns 19,448 shares in the company, valued at $2,751,114.08. This trade represents a 61.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jakki L. Haussler sold 15,347 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was 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 approximately $470,526.50. This represents a 81.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 171,527 shares of company stock worth $23,105,682 over the last 90 days. Company insiders own 5.01% of the company’s stock.

Vertiv Stock Performance

Shares of VRT opened at $119.00 on Thursday. The stock has a market capitalization of $44.67 billion, a P/E ratio of 79.33, a P/E/G ratio of 0.92 and a beta of 1.64. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. Vertiv Holdings Co has a 1 year low of $55.00 and a 1 year high of $155.84. The company’s fifty day moving average is $124.83 and its two-hundred day moving average is $106.69.

Vertiv Increases Dividend

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

Wall Street Analysts Forecast Growth

VRT has been the topic of a number of recent analyst reports. Morgan Stanley began coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price on the stock. Oppenheimer raised their price objective on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Citigroup lifted their target price on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Bank of America upped their target price on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Melius Research reiterated a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a research note on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $139.36.

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.