Whalen Wealth Management Inc. Takes Position in Vertiv Holdings Co (NYSE:VRT)

Whalen Wealth Management Inc. acquired a new position in shares of Vertiv Holdings Co (NYSE:VRT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,240 shares of the company’s stock, valued at approximately $482,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. State Street Corp raised its holdings in shares of Vertiv by 4.2% in the third quarter. State Street Corp now owns 7,635,081 shares of the company’s stock valued at $759,614,000 after purchasing an additional 308,704 shares during the last quarter. Geode Capital Management LLC increased its stake in Vertiv by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company’s stock valued at $592,433,000 after buying an additional 408,054 shares during the last quarter. Jennison Associates LLC lifted its position in shares of 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 buying an additional 4,558,306 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Vertiv by 271.0% in the 3rd 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 during the last quarter. Finally, Westfield Capital Management Co. LP grew its holdings in shares of Vertiv by 1.1% in the third quarter. Westfield Capital Management Co. LP now owns 3,611,566 shares of the company’s stock valued at $359,315,000 after acquiring an additional 40,696 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on VRT shares. Evercore ISI cut their price objective on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Jefferies Financial Group initiated coverage on shares of Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 price target on the stock. Barclays started coverage on shares of Vertiv in a report on Thursday, December 12th. They set an “equal weight” rating and a $142.00 price objective for the company. Morgan Stanley initiated coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price on the stock. Finally, Bank of America raised their price target on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Vertiv has a consensus rating of “Moderate Buy” and a consensus price target of $141.75.

Insiders Place Their Bets

In related news, Director Jakki L. Haussler sold 15,347 shares of the business’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 sale, the director now owns 3,425 shares of the company’s stock, valued at $470,526.50. The trade was a 81.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the transaction, the executive vice president now owns 19,551 shares of the company’s stock, valued at $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is currently owned by corporate insiders.

Vertiv Stock Performance

NYSE:VRT opened at $148.54 on Thursday. The business has a 50 day moving average price of $127.11 and a 200-day moving average price of $104.65. Vertiv Holdings Co has a fifty-two week low of $52.40 and a fifty-two week high of $154.79. 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 firm has a market cap of $55.75 billion, a PE ratio of 99.03, a price-to-earnings-growth ratio of 1.12 and a beta of 1.63.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the firm posted $0.52 earnings per share. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. Equities research analysts predict that Vertiv Holdings Co will post 2.7 earnings per share for the current year.

Vertiv Increases Dividend

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

About Vertiv

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.