Oak Ridge Investments LLC Has $1.42 Million Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Oak Ridge Investments LLC lifted its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 206.7% in the 4th quarter, HoldingsChannel reports. The fund owned 12,500 shares of the company’s stock after purchasing an additional 8,425 shares during the period. Oak Ridge Investments LLC’s holdings in Vertiv were worth $1,420,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in VRT. Jennison Associates LLC increased its holdings in Vertiv by 10,825.0% during the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock worth $457,695,000 after purchasing an additional 4,558,306 shares in the last quarter. Wellington Management Group LLP grew its holdings in Vertiv by 271.0% during the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock worth $389,548,000 after buying an additional 2,860,181 shares in the last quarter. Castle Hook Partners LP raised its position in Vertiv by 215.6% in the 3rd quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock valued at $185,492,000 after buying an additional 1,273,746 shares during the last quarter. Whale Rock Capital Management LLC bought a new position in Vertiv during the 3rd quarter valued at $110,517,000. Finally, Blue Whale Capital LLP purchased a new position in Vertiv during the 3rd quarter worth $93,481,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insider Buying and Selling at Vertiv

In related news, EVP Stephen Liang sold 86,619 shares of the 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 sale, the executive vice president now owns 19,551 shares in the company, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 171,527 shares of company stock valued at $23,105,682 in the last quarter. 5.01% of the stock is currently owned by corporate insiders.

Vertiv Price Performance

Shares of NYSE:VRT opened at $135.94 on Friday. The company has a 50-day moving average price of $126.07 and a two-hundred day moving average price of $103.50. Vertiv Holdings Co has a twelve month low of $49.67 and a twelve month high of $145.67. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $51.02 billion, a PE ratio of 90.63, a P/E/G ratio of 0.99 and a beta of 1.63.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. Vertiv’s revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 EPS. Equities analysts forecast that Vertiv Holdings Co will post 2.69 EPS for the current 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 issued a dividend of $0.0375 per share. This is a boost from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. Vertiv’s dividend payout ratio is 6.67%.

Wall Street Analyst Weigh In

Several analysts have recently commented on VRT shares. The Goldman Sachs Group increased their target price on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Oppenheimer boosted their target price on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Citigroup increased their price target on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. lifted their price target on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Finally, Fox Advisors began coverage on Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating for the company. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $141.75.

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.