Strategic Global Advisors LLC Grows Stake in Vertiv Holdings Co (NYSE:VRT)

Strategic Global Advisors LLC boosted its position in shares of Vertiv Holdings Co (NYSE:VRT) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,188 shares of the company’s stock after acquiring an additional 1,415 shares during the quarter. Strategic Global Advisors LLC’s holdings in Vertiv were worth $3,998,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VRT. Foundations Investment Advisors LLC increased its stake in shares of Vertiv by 7.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock worth $21,076,000 after purchasing an additional 13,559 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Vertiv by 67.0% in the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock worth $1,043,000 after purchasing an additional 3,682 shares during the period. Register Financial Advisors LLC purchased a new stake in shares of Vertiv in the fourth quarter worth $217,000. Ibex Wealth Advisors bought a new stake in shares of Vertiv during the 4th quarter valued at $7,583,000. Finally, PFG Investments LLC purchased a new position in shares of Vertiv during the 4th quarter valued at $617,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Trading Up 0.6%

Shares of VRT opened at $106.01 on Friday. The stock has a market capitalization of $40.40 billion, a PE ratio of 82.82, a P/E/G ratio of 1.07 and a beta of 1.70. The company’s fifty day moving average is $82.70 and its 200 day moving average is $106.00. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. Vertiv Holdings Co has a fifty-two week low of $53.60 and a fifty-two week high of $155.84.

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

Vertiv Dividend Announcement

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

Insider Transactions at Vertiv

In related 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 value of $518,815.00. Following the completion of the sale, the insider now directly owns 18,847 shares in the company, valued at $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 5.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Melius Research reissued a “hold” rating and set a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. Roth Capital raised Vertiv to a “strong-buy” rating in a report on Monday, April 7th. Citigroup cut their price objective on shares of Vertiv from $153.00 to $98.00 and set a “buy” rating for the company in a report on Monday, April 14th. Royal Bank of Canada began coverage on shares of Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 price objective on the stock. Finally, Cowen restated a “buy” rating on shares of Vertiv in a research report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $122.06.

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.