Cloverfields Capital Group LP bought a new stake in Vertiv Holdings Co (NYSE:VRT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,355 shares of the company's stock, valued at approximately $738,000.
Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in shares of Vertiv in the 4th quarter valued at $26,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Vertiv during the 4th quarter worth about $38,000. Quadrant Capital Group LLC increased its holdings in shares of Vertiv by 24.7% during the 4th quarter. Quadrant Capital Group LLC now owns 857 shares of the company's stock valued at $41,000 after acquiring an additional 170 shares during the last quarter. TFC Financial Management Inc. bought a new position in shares of Vertiv in the 4th quarter valued at approximately $42,000. Finally, Clearstead Advisors LLC acquired a new stake in Vertiv in the 3rd quarter worth approximately $38,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the company. The Goldman Sachs Group increased their price target on Vertiv from $103.00 to $116.00 and gave the company a "buy" rating in a report on Friday, May 17th. Evercore ISI raised their target price on shares of Vertiv from $90.00 to $95.00 and gave the company an "outperform" rating in a research note on Thursday, April 25th. Citigroup boosted their target price on shares of Vertiv from $102.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, April 25th. Mizuho raised their price target on Vertiv from $56.00 to $95.00 and gave the company a "neutral" rating in a research report on Friday, April 26th. Finally, JPMorgan Chase & Co. lifted their price objective on Vertiv from $95.00 to $100.00 and gave the stock an "overweight" rating in a research note on Thursday, April 25th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, Vertiv presently has a consensus rating of "Moderate Buy" and an average price target of $91.00.
View Our Latest Stock Analysis on VRT
Insider Activity
In other Vertiv news, CAO Scott Cripps sold 56,594 shares of the firm's stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Vertiv news, CAO Scott Cripps sold 56,594 shares of the company's stock in a transaction on Friday, March 8th. The stock was sold at an average price of $70.76, for a total value of $4,004,591.44. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Yibin Edward Cui sold 668 shares of the stock in a transaction on Saturday, May 4th. The stock was sold at an average price of $94.39, for a total value of $63,052.52. Following the transaction, the insider now owns 19,452 shares of the company's stock, valued at $1,836,074.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,219,333 shares of company stock worth $404,717,953. Corporate insiders own 5.01% of the company's stock.
Vertiv Stock Performance
Shares of NYSE VRT traded down $4.21 during mid-day trading on Friday, hitting $98.07. The company had a trading volume of 17,944,395 shares, compared to its average volume of 6,550,080. Vertiv Holdings Co has a 12 month low of $18.74 and a 12 month high of $109.27. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.34 and a quick ratio of 0.98. The firm has a market cap of $36.71 billion, a P/E ratio of 94.30, a PEG ratio of 1.43 and a beta of 1.55. The business's 50-day simple moving average is $90.50 and its 200-day simple moving average is $68.04.
Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.06. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.62 billion. Vertiv had a return on equity of 44.95% and a net margin of 5.79%. The company's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned $0.24 EPS. As a group, analysts predict that Vertiv Holdings Co will post 2.42 earnings per share for the current fiscal year.
Vertiv Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 19th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.10%. The ex-dividend date of this dividend was Monday, March 18th. Vertiv's payout ratio is 9.62%.
Vertiv Profile
(Free Report)
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.
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