GAMMA Investing LLC Takes Position in Vertiv Holdings Co (NYSE:VRT)

GAMMA Investing LLC acquired a new position in Vertiv Holdings Co (NYSE:VRT) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 534 shares of the company’s stock, valued at approximately $26,000.

Several other hedge funds have also recently bought and sold shares of the company. Mosaic Advisors LLC bought a new position in shares of Vertiv in the fourth quarter worth $691,000. Jennison Associates LLC increased its stake in Vertiv by 169.2% during the 4th quarter. Jennison Associates LLC now owns 32,878 shares of the company’s stock valued at $1,579,000 after buying an additional 20,663 shares during the period. Handelsbanken Fonder AB raised its position in shares of Vertiv by 22.1% during the 4th quarter. Handelsbanken Fonder AB now owns 72,900 shares of the company’s stock worth $3,501,000 after buying an additional 13,200 shares in the last quarter. CWM LLC lifted its stake in shares of Vertiv by 64.1% in the 4th quarter. CWM LLC now owns 6,941 shares of the company’s stock worth $333,000 after acquiring an additional 2,710 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of Vertiv in the fourth quarter valued at approximately $1,436,000. 89.92% of the stock is currently owned by institutional investors.

Vertiv Stock Down 2.4 %

Shares of NYSE:VRT opened at $94.91 on Wednesday. Vertiv Holdings Co has a 52 week low of $14.68 and a 52 week high of $97.49. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.98 and a current ratio of 1.34. The company has a market cap of $35.53 billion, a PE ratio of 91.26, a price-to-earnings-growth ratio of 1.41 and a beta of 1.55. The firm has a 50 day simple moving average of $80.75 and a 200 day simple moving average of $60.37.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.37 by $0.06. The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Vertiv had a return on equity of 44.95% and a net margin of 5.79%. Vertiv’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 earnings per share. As a group, research analysts expect that Vertiv Holdings Co will post 2.42 earnings per share for the current year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 19th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date of this dividend was Monday, March 18th. Vertiv’s dividend payout ratio (DPR) is 9.62%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on VRT shares. JPMorgan Chase & Co. boosted their target price on Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Mizuho raised their target price on Vertiv from $56.00 to $95.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. Evercore ISI boosted their price target on shares of Vertiv from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Oppenheimer upped their price target on shares of Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Finally, Citigroup lifted their price objective on shares of Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Vertiv currently has an average rating of “Moderate Buy” and an average target price of $81.11.

Insider Activity at Vertiv

In other news, CAO Scott Cripps sold 56,594 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Vertiv news, insider Yibin Edward Cui sold 668 shares of Vertiv stock in a transaction that occurred on Saturday, May 4th. The shares were sold at an average price of $94.39, for a total value of $63,052.52. Following the completion of the sale, the insider now directly owns 19,452 shares in the company, valued at $1,836,074.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Scott Cripps sold 56,594 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $70.76, for a total transaction of $4,004,591.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,409,664 shares of company stock valued at $310,846,212. Corporate insiders own 5.62% of the company’s stock.

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.