BluePath Capital Management LLC Has $282,000 Stock Position in Vertiv Holdings Co (NYSE:VRT)

BluePath Capital Management LLC raised its position in Vertiv Holdings Co (NYSE:VRT) by 10.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,272 shares of the company’s stock after buying an additional 212 shares during the period. BluePath Capital Management LLC’s holdings in Vertiv were worth $282,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Accurate Wealth Management LLC boosted its holdings in shares of Vertiv by 4.1% in the 4th quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock worth $254,000 after acquiring an additional 87 shares in the last quarter. ORG Partners LLC boosted its stake in Vertiv by 25.1% in the third quarter. ORG Partners LLC now owns 458 shares of the company’s stock worth $46,000 after purchasing an additional 92 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Vertiv by 18.6% during the third quarter. Allworth Financial LP now owns 638 shares of the company’s stock worth $63,000 after purchasing an additional 100 shares during the last quarter. NBC Securities Inc. increased its stake in shares of Vertiv by 0.9% in the third quarter. NBC Securities Inc. now owns 13,125 shares of the company’s stock valued at $1,305,000 after buying an additional 112 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Vertiv by 16.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 837 shares of the company’s stock valued at $95,000 after buying an additional 121 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VRT has been the topic of a number of research analyst reports. Fox Advisors started coverage on shares of Vertiv in a report on Monday, January 6th. They set an “equal weight” rating on the stock. UBS Group assumed coverage on shares of Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective 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. Barclays assumed coverage on Vertiv in a research report on Thursday, December 12th. They issued an “equal weight” rating and a $142.00 price objective on the stock. Finally, Morgan Stanley began coverage on Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 target price for the company. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $140.92.

Insiders Place Their Bets

In other news, Director Jan Van Dokkum sold 38,647 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the completion of the sale, the director now owns 25,000 shares of the company’s stock, valued at $3,409,750. This represents a 60.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the completion of the sale, the insider now directly owns 19,448 shares in the company, valued at $2,751,114.08. This represents a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 171,527 shares of company stock worth $23,105,682. Corporate insiders own 5.01% of the company’s stock.

Vertiv Stock Up 2.3 %

NYSE:VRT opened at $131.93 on Thursday. The stock’s fifty day simple moving average is $125.42 and its 200-day simple moving average is $102.74. The firm has a market capitalization of $49.52 billion, a P/E ratio of 87.95, a P/E/G ratio of 0.99 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 Holdings Co has a 12-month low of $48.86 and a 12-month high of $145.67.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. Vertiv’s revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 EPS. Equities research analysts expect that Vertiv Holdings Co will post 2.69 earnings per share for the current year.

Vertiv Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.11%. The ex-dividend date was Tuesday, December 3rd. This is an increase from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio (DPR) 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.