Atomi Financial Group Inc. Buys 289 Shares of Vertiv Holdings Co (NYSE:VRT)

Atomi Financial Group Inc. lifted its holdings in Vertiv Holdings Co (NYSE:VRT) by 9.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,358 shares of the company’s stock after acquiring an additional 289 shares during the period. Atomi Financial Group Inc.’s holdings in Vertiv were worth $382,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Anchor Investment Management LLC bought a new position in shares of Vertiv in the second quarter worth about $26,000. Krane Funds Advisors LLC purchased a new stake in shares of Vertiv in the third quarter worth about $29,000. Global Trust Asset Management LLC bought a new position in Vertiv during the third quarter valued at approximately $30,000. Mark Sheptoff Financial Planning LLC boosted its stake in Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after buying an additional 200 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in Vertiv during the third quarter valued at approximately $30,000. Institutional investors own 89.92% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on VRT shares. Evercore ISI dropped their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Barclays started coverage on Vertiv in a research note on Thursday, December 12th. They set an “equal weight” rating and a $142.00 price target for the company. UBS Group started coverage on Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target for the company. The Goldman Sachs Group increased their price target on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. raised their price objective on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $141.75.

Insider Buying and Selling

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the transaction, the executive vice president now directly owns 19,551 shares in the company, valued at $2,562,549.57. This trade represents a 81.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 19,448 shares in the company, valued at $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 171,527 shares of company stock valued at $23,105,682. Insiders own 5.01% of the company’s stock.

Vertiv Price Performance

Shares of VRT stock opened at $146.03 on Friday. Vertiv Holdings Co has a 52-week low of $52.40 and a 52-week high of $155.84. 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 firm has a market capitalization of $54.81 billion, a P/E ratio of 97.35, a P/E/G ratio of 1.16 and a beta of 1.63. The stock has a 50 day moving average price of $128.27 and a 200 day moving average price of $105.36.

Vertiv (NYSE:VRT) last issued 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 return on equity of 55.33% and a net margin of 7.72%. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the company earned $0.52 EPS. Vertiv’s quarterly revenue was up 19.0% compared to the same quarter last year. As a group, sell-side analysts predict that Vertiv Holdings Co will post 2.7 earnings per share for the current year.

Vertiv Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were paid a dividend of $0.0375 per share. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.10%. The ex-dividend date was Tuesday, December 3rd. Vertiv’s dividend payout ratio (DPR) is currently 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.