Tema Etfs LLC Makes New $503,000 Investment in Vertiv Holdings Co (NYSE:VRT)

Tema Etfs LLC acquired a new position in shares of Vertiv Holdings Co (NYSE:VRT) in the fourth quarter, Holdings Channel reports. The fund acquired 4,424 shares of the company’s stock, valued at approximately $503,000.

Other hedge funds also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. acquired a new stake in Vertiv during the 4th quarter worth approximately $26,000. OLD Second National Bank of Aurora acquired a new stake in Vertiv during the 4th quarter worth approximately $30,000. Tradewinds Capital Management LLC lifted its position in Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after acquiring an additional 111 shares during the period. Pittenger & Anderson Inc. lifted its position in Vertiv by 92.0% during the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock worth $36,000 after acquiring an additional 150 shares during the period. Finally, Colonial Trust Co SC lifted its position in Vertiv by 211.9% during the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company’s stock worth $36,000 after acquiring an additional 214 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Stock Performance

NYSE VRT opened at $106.01 on Friday. Vertiv Holdings Co has a 1-year low of $53.60 and a 1-year high of $155.84. The company has a market capitalization of $40.40 billion, a P/E ratio of 82.82, a PEG ratio of 1.07 and a beta of 1.70. The business has a 50 day moving average price of $82.70 and a 200 day moving average price of $106.00. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the business posted $0.43 EPS. Vertiv’s quarterly revenue was up 24.2% on a year-over-year basis. Sell-side analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.14%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv’s payout ratio is 8.72%.

Analyst Ratings Changes

VRT has been the subject of a number of recent research reports. Royal Bank of Canada initiated coverage on Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 price objective for the company. Morgan Stanley reduced their price target on Vertiv from $140.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Barclays reduced their price target on Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a report on Friday, April 4th. The Goldman Sachs Group reduced their price target on Vertiv from $135.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Finally, Roth Mkm started coverage on Vertiv in a report on Tuesday, April 8th. They issued a “buy” rating and a $75.00 price target for the company. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $122.06.

Insiders Place Their Bets

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the firm’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $94.33, for a total transaction of $518,815.00. Following the completion of the transaction, the insider now owns 18,847 shares of the company’s stock, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 5.01% of the stock is currently owned by company insiders.

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.