Values First Advisors Inc. Acquires New Stake in Vertiv Holdings Co (NYSE:VRT)

Values First Advisors Inc. bought a new position in Vertiv Holdings Co (NYSE:VRT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,182 shares of the company’s stock, valued at approximately $475,000.

A number of other institutional investors have also recently added to or reduced their stakes in VRT. Silverleafe Capital Partners LLC bought a new stake in shares of Vertiv in the 4th quarter worth $4,219,000. Foundations Investment Advisors LLC raised its position in Vertiv by 7.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock worth $21,076,000 after acquiring an additional 13,559 shares in the last quarter. Whittier Trust Co. raised its position in Vertiv by 7.2% in the third quarter. Whittier Trust Co. now owns 127,210 shares of the company’s stock worth $12,656,000 after acquiring an additional 8,579 shares in the last quarter. Janney Capital Management LLC acquired a new stake in Vertiv in the 3rd quarter valued at about $8,403,000. Finally, Gordian Capital Singapore Pte Ltd grew its stake in shares of Vertiv by 112.5% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock worth $846,000 after purchasing an additional 4,500 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Melius lowered shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research note on Tuesday, January 28th. Fox Advisors initiated coverage on Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating for the company. TD Cowen lifted their target price on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Mizuho upped their target price on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, Bank of America lifted their price target on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Four 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, Vertiv has an average rating of “Moderate Buy” and a consensus target price of $139.36.

Insider Buying and Selling at Vertiv

In other news, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 19,551 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this link. Also, insider Anand Sanghi sold 30,914 shares of the 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 transaction, the insider now owns 19,448 shares in the company, valued at $2,751,114.08. This represents a 61.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 171,527 shares of company stock worth $23,105,682 over the last 90 days. 5.01% of the stock is currently owned by corporate insiders.

Vertiv Price Performance

NYSE VRT opened at $111.34 on Thursday. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The firm has a market capitalization of $41.79 billion, a price-to-earnings ratio of 74.23, a price-to-earnings-growth ratio of 0.94 and a beta of 1.64. The company has a 50 day simple moving average of $124.27 and a 200-day simple moving average of $108.09. Vertiv Holdings Co has a 52-week low of $55.00 and a 52-week high of $155.84.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. During the same period in the prior year, the business posted $0.56 earnings per share. Equities research analysts predict that Vertiv Holdings Co will post 2.7 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were given a dividend of $0.0375 per share. 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 dividend on an annualized basis and a yield of 0.13%. Vertiv’s dividend payout ratio (DPR) is presently 6.67%.

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.