Calamos Advisors LLC Increases Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Calamos Advisors LLC increased its holdings in Vertiv Holdings Co (NYSE:VRT) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,465 shares of the company’s stock after buying an additional 320 shares during the period. Calamos Advisors LLC’s holdings in Vertiv were worth $1,189,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in VRT. The Manufacturers Life Insurance Company lifted its holdings in shares of Vertiv by 55.4% in the second quarter. The Manufacturers Life Insurance Company now owns 30,523 shares of the company’s stock valued at $2,642,000 after purchasing an additional 10,884 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Vertiv during the 2nd quarter worth approximately $1,632,000. GAMMA Investing LLC lifted its stake in Vertiv by 102.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,904 shares of the company’s stock valued at $189,000 after buying an additional 962 shares in the last quarter. Azzad Asset Management Inc. ADV acquired a new stake in Vertiv during the 3rd quarter valued at $456,000. Finally, Fulton Bank N.A. purchased a new position in Vertiv during the third quarter worth $304,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Price Performance

Shares of Vertiv stock opened at $119.00 on Thursday. The stock has a market capitalization of $44.67 billion, a P/E ratio of 79.33, a PEG ratio of 0.92 and a beta of 1.64. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The business’s fifty day moving average price is $124.83 and its 200 day moving average price is $106.69. Vertiv Holdings Co has a twelve month low of $55.00 and a twelve month high of $155.84.

Vertiv Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were issued a dividend of $0.0375 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.13%. This is a boost from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s payout ratio is presently 6.67%.

Insider Buying and Selling

In related news, Director Jan Van Dokkum sold 38,647 shares of the company’s 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 directly owns 25,000 shares of the company’s stock, valued at approximately $3,409,750. This represents a 60.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the transaction, the executive vice president now directly owns 19,551 shares in the company, valued at $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently commented on VRT. UBS Group initiated coverage on Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 price objective on the stock. Citigroup raised their price target on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Melius Research reissued a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. The Goldman Sachs Group raised their target price on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, Fox Advisors initiated coverage on Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating for the company. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Vertiv currently has an average rating of “Moderate Buy” and an average target price of $139.36.

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.