Global Trust Asset Management LLC Has $67,000 Position in Vertiv Holdings Co (NYSE:VRT)

Global Trust Asset Management LLC increased its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 96.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 590 shares of the company’s stock after acquiring an additional 290 shares during the quarter. Global Trust Asset Management LLC’s holdings in Vertiv were worth $67,000 as of its most recent filing with the SEC.

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

Vertiv Trading Up 3.8 %

Shares of VRT opened at $148.54 on Thursday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. The company has a market cap of $55.75 billion, a price-to-earnings ratio of 99.03, a PEG ratio of 1.06 and a beta of 1.63. The stock has a fifty day moving average price of $126.63 and a two-hundred day moving average price of $104.34. Vertiv Holdings Co has a 52-week low of $52.40 and a 52-week high of $154.79.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The company had revenue of $2.07 billion during 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 company’s revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 earnings per share. Analysts predict 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 issued a dividend of $0.0375 per share. This is an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 annualized dividend and a yield of 0.10%. Vertiv’s dividend payout ratio is currently 6.67%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on VRT shares. Barclays started coverage on Vertiv in a research report on Thursday, December 12th. They issued an “equal weight” rating and a $142.00 target price for the company. UBS Group began coverage on shares of Vertiv in a research report on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price on the stock. JPMorgan Chase & Co. increased their price target on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. The Goldman Sachs Group raised their price target on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, Jefferies Financial Group initiated coverage on Vertiv in a research report on Monday, October 7th. They set a “buy” rating and a $125.00 target price for the company. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Vertiv currently has an average rating of “Moderate Buy” and a consensus target price of $141.75.

Insider Buying and Selling at Vertiv

In other Vertiv news, Director Jakki L. Haussler sold 15,347 shares of the company’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 directly owns 3,425 shares in the company, valued at approximately $470,526.50. This represents a 81.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction that occurred 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 sale, the insider now owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. This represents a 61.38 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 171,527 shares of company stock worth $23,105,682. Insiders own 5.01% of the company’s stock.

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.