Thurston Springer Miller Herd & Titak Inc. Has $95,000 Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 16.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 837 shares of the company’s stock after purchasing an additional 121 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Vertiv were worth $95,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Oppenheimer Asset Management Inc. increased its holdings in Vertiv by 57.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 10,616 shares of the company’s stock valued at $919,000 after buying an additional 3,876 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Vertiv by 12.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 352,548 shares of the company’s stock worth $30,520,000 after acquiring an additional 38,822 shares in the last quarter. Moors & Cabot Inc. increased its stake in Vertiv by 23.2% in the second quarter. Moors & Cabot Inc. now owns 5,625 shares of the company’s stock valued at $487,000 after acquiring an additional 1,060 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in Vertiv by 166.4% during the second quarter. Mercer Global Advisors Inc. ADV now owns 11,730 shares of the company’s stock valued at $1,015,000 after purchasing an additional 7,327 shares in the last quarter. Finally, Amalgamated Bank lifted its stake in Vertiv by 18.2% during the second quarter. Amalgamated Bank now owns 24,195 shares of the company’s stock worth $2,095,000 after purchasing an additional 3,734 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Trading Up 2.5 %

VRT opened at $135.94 on Friday. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. Vertiv Holdings Co has a fifty-two week low of $49.67 and a fifty-two week high of $145.67. The company’s 50 day moving average price is $125.86 and its two-hundred day moving average price is $103.16. The firm has a market capitalization of $51.02 billion, a price-to-earnings ratio of 90.63, a PEG ratio of 0.99 and a beta of 1.63.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.07. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. Vertiv’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 earnings per share. As a group, research analysts predict that Vertiv Holdings Co will post 2.69 earnings per share for the current year.

Vertiv Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were paid a $0.0375 dividend. This is a boost from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 annualized dividend and a dividend yield of 0.11%. Vertiv’s dividend payout ratio is presently 6.67%.

Insider Transactions at Vertiv

In other news, EVP Stephen Liang sold 86,619 shares of the stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 19,551 shares in the company, valued at $2,562,549.57. This represents a 81.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jakki L. Haussler sold 15,347 shares of Vertiv stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the transaction, the director now directly owns 3,425 shares of the company’s stock, valued at $470,526.50. This represents a 81.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 171,527 shares of company stock worth $23,105,682 over the last ninety days. 5.01% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on VRT shares. UBS Group began coverage on Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target on the stock. Evercore ISI decreased their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday. Citigroup increased their target price on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Morgan Stanley started coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target on the stock. Finally, Bank of America upped their price objective on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $141.75.

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.