Veracity Capital LLC Buys 258 Shares of Vertiv Holdings Co (NYSE:VRT)

Veracity Capital LLC raised its position in shares of Vertiv Holdings Co (NYSE:VRT) by 4.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,698 shares of the company’s stock after purchasing an additional 258 shares during the quarter. Veracity Capital LLC’s holdings in Vertiv were worth $647,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Anchor Investment Management LLC acquired a new stake in shares of Vertiv during the second quarter worth $26,000. Krane Funds Advisors LLC acquired a new stake in Vertiv during the 3rd quarter worth about $29,000. Global Trust Asset Management LLC bought a new position in shares of Vertiv in the 3rd quarter worth about $30,000. Mark Sheptoff Financial Planning LLC lifted its stake in shares of Vertiv by 200.0% in the 3rd 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 during the period. Finally, Brooklyn Investment Group bought a new stake in shares of Vertiv during the 3rd quarter valued at about $30,000. Institutional investors own 89.92% of the company’s stock.

Insider Buying and Selling at Vertiv

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 19,551 shares in the company, valued at $2,562,549.57. This represents a 81.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jan Van Dokkum sold 38,647 shares of Vertiv stock in a transaction 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 sale, the director now 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. In the last 90 days, insiders sold 171,527 shares of company stock worth $23,105,682. Insiders own 5.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Evercore ISI lowered their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. The Goldman Sachs Group boosted their target price on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. UBS Group began coverage on shares of Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target for the company. Oppenheimer increased their price objective on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Finally, TD Cowen boosted their target price on Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Vertiv has an average rating of “Moderate Buy” and a consensus price target of $141.75.

Vertiv Stock Up 3.3 %

VRT stock opened at $153.47 on Friday. The stock’s 50 day moving average is $127.11 and its 200-day moving average is $104.65. Vertiv Holdings Co has a twelve month low of $52.40 and a twelve month high of $155.26. The firm has a market capitalization of $57.60 billion, a PE ratio of 102.31, a P/E/G ratio of 1.12 and a beta of 1.63. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.52 EPS. Sell-side analysts expect that Vertiv Holdings Co will post 2.7 EPS for the current fiscal year.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.10%. This is an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 3rd. Vertiv’s dividend payout ratio is presently 6.67%.

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.