Optas LLC Invests $235,000 in Vertiv Holdings Co (NYSE:VRT)

Optas LLC bought a new position in Vertiv Holdings Co (NYSE:VRT) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,883 shares of the company’s stock, valued at approximately $235,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new position in shares of Vertiv during the fourth quarter valued at approximately $26,000. Raleigh Capital Management Inc. increased its position in Vertiv by 79.0% during the 4th quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock valued at $27,000 after purchasing an additional 252 shares during the period. Atticus Wealth Management LLC bought a new position in Vertiv in the 1st quarter worth $27,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Vertiv during the 4th quarter valued at about $38,000. Finally, Quadrant Capital Group LLC increased its position in shares of Vertiv by 24.7% during the fourth quarter. Quadrant Capital Group LLC now owns 857 shares of the company’s stock valued at $41,000 after buying an additional 170 shares during the period. 89.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on VRT shares. Bank of America raised their price objective on shares of Vertiv from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. Mizuho upped their price target on Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. Citigroup raised their price objective on Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. The Goldman Sachs Group upped their target price on shares of Vertiv from $103.00 to $116.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Finally, Oppenheimer lifted their price target on shares of Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $92.11.

Insider Activity

In other news, Director Doherty Philip O’ sold 2,511,295 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $93.64, for a total transaction of $235,157,663.80. Following the sale, the director now directly owns 9,324,181 shares of the company’s stock, valued at approximately $873,116,308.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Vertiv news, EVP Anders Karlborg sold 46,206 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $93.75, for a total transaction of $4,331,812.50. Following the sale, the executive vice president now directly owns 23,003 shares in the company, valued at $2,156,531.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Doherty Philip O’ sold 2,511,295 shares of Vertiv stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $93.64, for a total value of $235,157,663.80. Following the completion of the transaction, the director now owns 9,324,181 shares of the company’s stock, valued at approximately $873,116,308.84. The disclosure for this sale can be found here. Insiders sold a total of 4,162,739 shares of company stock worth $400,713,362 over the last 90 days. Corporate insiders own 5.01% of the company’s stock.

Vertiv Stock Down 0.4 %

Shares of NYSE:VRT traded down $0.31 during trading on Friday, reaching $86.57. 23,351,582 shares of the stock traded hands, compared to its average volume of 10,070,432. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.98 and a current ratio of 1.34. Vertiv Holdings Co has a 52-week low of $23.51 and a 52-week high of $109.27. The stock has a 50-day moving average of $94.05 and a two-hundred day moving average of $74.59. The stock has a market cap of $32.41 billion, a P/E ratio of 83.24, a price-to-earnings-growth ratio of 1.26 and a beta of 1.56.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06. Vertiv had a return on equity of 44.95% and a net margin of 5.79%. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the previous year, the business earned $0.24 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. As a group, sell-side analysts expect that Vertiv Holdings Co will post 2.43 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Monday, June 17th were paid a dividend of $0.025 per share. The ex-dividend date was Monday, June 17th. This represents a $0.10 annualized dividend and a yield of 0.12%. Vertiv’s payout ratio is 9.62%.

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.