IAM Advisory LLC Buys 193 Shares of Vertiv Holdings Co (NYSE:VRT)

IAM Advisory LLC lifted its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,012 shares of the company’s stock after purchasing an additional 193 shares during the period. IAM Advisory LLC’s holdings in Vertiv were worth $683,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of VRT. Anchor Investment Management LLC acquired a new position in Vertiv during the 2nd quarter valued at about $26,000. Krane Funds Advisors LLC bought a new stake in shares of Vertiv during the third quarter worth approximately $29,000. Global Trust Asset Management LLC acquired a new position in Vertiv in the third quarter valued at approximately $30,000. Mark Sheptoff Financial Planning LLC boosted its stake in Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in Vertiv in the third quarter valued at approximately $30,000. 89.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Mizuho increased their price target on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. The Goldman Sachs Group raised their target price on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Jefferies Financial Group initiated coverage on Vertiv in a research note on Monday, October 7th. They issued a “buy” rating and a $125.00 price target for the company. TD Cowen lifted their price objective on shares of Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, Bank of America upped their target price on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $141.75.

Vertiv Stock Up 2.5 %

Vertiv stock opened at $135.94 on Friday. The company has a 50 day moving average of $126.07 and a 200-day moving average of $103.50. 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 twelve month low of $49.67 and a twelve month high of $145.67. The stock has a market capitalization of $51.02 billion, a PE ratio of 90.63, a price-to-earnings-growth ratio of 0.99 and a beta of 1.63.

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

Vertiv Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date of this dividend was Tuesday, December 3rd. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio (DPR) is currently 6.67%.

Insider Buying and Selling at Vertiv

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the sale, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at $2,562,549.57. The trade was a 81.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jan Van Dokkum sold 38,647 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the transaction, the director now owns 25,000 shares of the company’s stock, valued at approximately $3,409,750. This represents a 60.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 171,527 shares of company stock worth $23,105,682. Corporate insiders own 5.01% of the company’s stock.

Vertiv Profile

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.