Arosa Capital Management LP Buys 6,000 Shares of Vertiv Holdings Co (NYSE:VRT)

Arosa Capital Management LP grew its stake in Vertiv Holdings Co (NYSE:VRT) by 42.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,000 shares of the company’s stock after buying an additional 6,000 shares during the period. Vertiv accounts for about 0.8% of Arosa Capital Management LP’s holdings, making the stock its 23rd biggest holding. Arosa Capital Management LP’s holdings in Vertiv were worth $1,990,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Benjamin Edwards Inc. grew its holdings in Vertiv by 531.7% during the 3rd quarter. Benjamin Edwards Inc. now owns 2,110 shares of the company’s stock worth $210,000 after acquiring an additional 1,776 shares during the period. Aureus Asset Management LLC acquired a new position in Vertiv during the 3rd quarter worth approximately $266,000. Avalon Global Asset Management LLC boosted its holdings in Vertiv by 122.2% in the third quarter. Avalon Global Asset Management LLC now owns 100,000 shares of the company’s stock worth $9,949,000 after acquiring an additional 55,000 shares in the last quarter. TOMS Capital Investment Management LP bought a new stake in Vertiv during the 3rd quarter valued at $48,103,000. Finally, Paloma Partners Management Co bought a new position in shares of Vertiv in the third quarter valued at $495,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Price Performance

NYSE VRT opened at $127.60 on Monday. 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 stock has a 50-day moving average of $114.87 and a 200 day moving average of $96.26. Vertiv Holdings Co has a one year low of $42.50 and a one year high of $145.67. The company has a market capitalization of $47.89 billion, a price-to-earnings ratio of 85.07, a PEG ratio of 1.31 and a beta of 1.58.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share (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 the consensus estimate of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The firm’s revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 EPS. On average, sell-side analysts forecast that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be issued a $0.0375 dividend. This is an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. Vertiv’s dividend payout ratio (DPR) is presently 6.67%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VRT. JPMorgan Chase & Co. boosted their price objective on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Jefferies Financial Group began coverage on shares of Vertiv in a research report on Monday, October 7th. They set a “buy” rating and a $125.00 price target for the company. Evercore ISI lifted their price target on shares of Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. TD Cowen upped their price target on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Oppenheimer raised their price target on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $138.50.

Insider Activity

In other news, insider Anand Sanghi sold 30,914 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. This trade represents a 61.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jakki L. Haussler sold 15,347 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total value of $2,108,370.86. Following the completion of the transaction, the director now directly owns 3,425 shares in the company, valued at approximately $470,526.50. This trade represents a 81.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 216,451 shares of company stock valued at $26,699,153. 5.01% of the stock is currently owned by 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.