Harbor Investment Advisory LLC Grows Position in Vertiv Holdings Co (NYSE:VRT)

Harbor Investment Advisory LLC grew its position in shares of Vertiv Holdings Co (NYSE:VRT) by 163.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,397 shares of the company’s stock after acquiring an additional 2,725 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Vertiv were worth $500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Anchor Investment Management LLC purchased a new position in Vertiv during the second quarter worth about $26,000. Krane Funds Advisors LLC bought a new position in shares of Vertiv during the 3rd quarter worth approximately $29,000. Global Trust Asset Management LLC purchased a new position in shares of Vertiv in the 3rd quarter worth approximately $30,000. Mark Sheptoff Financial Planning LLC grew its holdings in shares of Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Vertiv during the third quarter valued at approximately $30,000. Institutional investors own 89.92% of the company’s stock.

Insider Activity

In related news, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the completion of the transaction, the insider now owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jakki L. Haussler sold 15,347 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the completion of the sale, the director now owns 3,425 shares in the company, valued at $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 a total of 171,527 shares of company stock worth $23,105,682 over the last ninety days. Company insiders own 5.01% of the company’s stock.

Vertiv Stock Up 5.4 %

VRT opened at $143.16 on Wednesday. The company has a 50 day moving average of $126.25 and a 200 day moving average of $103.98. 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 $52.40 and a 12 month high of $145.67. The company has a market cap of $53.73 billion, a PE ratio of 95.44, a price-to-earnings-growth ratio of 1.06 and a beta of 1.63.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 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 earnings per share. The business’s revenue for the quarter was up 19.0% on a year-over-year basis. On average, sell-side analysts expect that Vertiv Holdings Co will post 2.7 EPS for the current year.

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.10%. The ex-dividend date was Tuesday, December 3rd. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s payout ratio is presently 6.67%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on VRT shares. Fox Advisors assumed coverage on Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating on the stock. Morgan Stanley began coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target on the stock. Evercore ISI decreased their price objective on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. TD Cowen boosted their target price on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Jefferies Financial Group began coverage on shares of Vertiv in a research note on Monday, October 7th. They set a “buy” rating and a $125.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $141.75.

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.