Yeomans Consulting Group Inc. Buys Shares of 2,952 Vertiv Holdings Co (NYSE:VRT)

Yeomans Consulting Group Inc. purchased a new position in shares of Vertiv Holdings Co (NYSE:VRT) during the fourth quarter, Holdings Channel.com reports. The fund purchased 2,952 shares of the company’s stock, valued at approximately $335,000.

A number of other institutional investors also recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV raised its holdings in Vertiv by 166.4% during the second quarter. Mercer Global Advisors Inc. ADV now owns 11,730 shares of the company’s stock worth $1,015,000 after purchasing an additional 7,327 shares in the last quarter. Blair William & Co. IL raised its stake in shares of Vertiv by 97.3% in the 2nd quarter. Blair William & Co. IL now owns 6,857 shares of the company’s stock worth $594,000 after buying an additional 3,382 shares in the last quarter. Frank Rimerman Advisors LLC acquired a new stake in shares of Vertiv in the second quarter valued at $282,000. Bank of Montreal Can boosted its stake in Vertiv by 41.0% during the second quarter. Bank of Montreal Can now owns 156,531 shares of the company’s stock valued at $14,365,000 after buying an additional 45,525 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Vertiv by 60.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 69,495 shares of the company’s stock worth $6,016,000 after acquiring an additional 26,231 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VRT has been the subject of several research reports. Citigroup raised their price objective on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 9th. TD Cowen raised their target price on shares of Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Mizuho upped their price target on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Morgan Stanley initiated coverage on Vertiv in a research note on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective for the company. Finally, Jefferies Financial Group began coverage on Vertiv in a research report on Monday, October 7th. They set a “buy” rating and a $125.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $141.75.

Insider Buying and Selling at Vertiv

In related news, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value of $4,373,094.44. Following the completion of the sale, the insider now owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Stephen Liang sold 86,619 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at approximately $2,562,549.57. The trade was a 81.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 171,527 shares of company stock valued at $23,105,682 in the last quarter. Company insiders own 5.01% of the company’s stock.

Vertiv Stock Up 3.3 %

NYSE:VRT opened at $153.47 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. Vertiv Holdings Co has a 1-year low of $52.40 and a 1-year high of $155.26. The business’s fifty day moving average price is $127.11 and its 200 day moving average price is $104.65. The firm has a market capitalization of $57.60 billion, a price-to-earnings ratio of 102.31, a PEG ratio of 1.12 and a beta of 1.63.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the firm earned $0.52 earnings per share. The firm’s revenue was up 19.0% compared to the same quarter last year. On average, sell-side analysts forecast that Vertiv Holdings Co will post 2.7 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were given a $0.0375 dividend. This is an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.10%. Vertiv’s dividend payout ratio is presently 6.67%.

Vertiv Company 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.