Carl P. Sherr & Co. LLC Increases Holdings in Vertiv Holdings Co (NYSE:VRT)

Carl P. Sherr & Co. LLC increased its stake in Vertiv Holdings Co (NYSE:VRT) by 4.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,702 shares of the company’s stock after purchasing an additional 456 shares during the quarter. Carl P. Sherr & Co. LLC’s holdings in Vertiv were worth $1,065,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in VRT. Anchor Investment Management LLC purchased a new position in Vertiv during the second quarter worth about $26,000. Mather Group LLC. grew its position in Vertiv by 132.5% during the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after buying an additional 200 shares in the last quarter. Krane Funds Advisors LLC purchased a new position in Vertiv during the third quarter worth about $29,000. Global Trust Asset Management LLC purchased a new position in Vertiv during the third quarter worth about $30,000. Finally, Brooklyn Investment Group purchased a new position in Vertiv during the third quarter worth about $30,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on VRT shares. Jefferies Financial Group started coverage on Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 price objective for the company. Oppenheimer upped their price target on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. UBS Group started coverage on Vertiv in a research report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target for the company. TD Cowen upped their price target on Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, Bank of America upped their target price on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $138.50.

Insider Activity

In related 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 value of $11,353,152.33. Following the transaction, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jakki L. Haussler sold 15,347 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total value of $2,108,370.86. Following the completion of the transaction, the director now directly owns 3,425 shares in the company, valued at approximately $470,526.50. This represents a 81.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 216,451 shares of company stock valued at $26,699,153 in the last ninety days. 5.01% of the stock is currently owned by company insiders.

Vertiv Stock Performance

Shares of VRT opened at $126.94 on Friday. The business’s fifty day simple moving average is $114.21 and its two-hundred day simple moving average is $96.11. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. Vertiv Holdings Co has a 12 month low of $41.01 and a 12 month high of $145.67. The company has a market cap of $47.65 billion, a price-to-earnings ratio of 84.63, a P/E/G ratio of 1.31 and a beta of 1.58.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.07. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The company’s revenue was up 19.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 EPS. Research analysts anticipate that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. This is a boost from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, December 3rd. Vertiv’s dividend payout ratio 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.