Inspire Investing LLC Acquires Shares of 7,166 Vertiv Holdings Co (NYSE:VRT)

Inspire Investing LLC acquired a new stake in shares of Vertiv Holdings Co (NYSE:VRT) in the 4th quarter, HoldingsChannel reports. The firm acquired 7,166 shares of the company’s stock, valued at approximately $814,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VRT. Bank of Montreal Can raised its stake in Vertiv by 41.0% during the 2nd quarter. Bank of Montreal Can now owns 156,531 shares of the company’s stock valued at $14,365,000 after acquiring an additional 45,525 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Vertiv by 60.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 69,495 shares of the company’s stock worth $6,016,000 after buying an additional 26,231 shares in the last quarter. APG Asset Management N.V. raised its stake in shares of Vertiv by 72.0% during the 2nd quarter. APG Asset Management N.V. now owns 79,114 shares of the company’s stock worth $6,390,000 after buying an additional 33,114 shares in the last quarter. MBB Public Markets I LLC purchased a new position in shares of Vertiv during the 2nd quarter worth approximately $3,859,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Vertiv by 55.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,523 shares of the company’s stock worth $2,642,000 after buying an additional 10,884 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Price Performance

Shares of NYSE:VRT opened at $146.03 on Friday. The business’s fifty day moving average price is $127.76 and its two-hundred day moving average price is $104.99. The stock has a market cap of $54.81 billion, a PE ratio of 97.35, a price-to-earnings-growth ratio of 1.16 and a beta of 1.63. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. Vertiv Holdings Co has a one year low of $52.40 and a one year high of $155.84.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the prior year, the firm earned $0.52 EPS. Vertiv’s quarterly revenue was up 19.0% on a year-over-year basis. On average, analysts forecast that Vertiv Holdings Co will post 2.7 EPS for the current fiscal year.

Vertiv Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were issued 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 annualized dividend and a dividend yield of 0.10%. Vertiv’s dividend payout ratio (DPR) is 6.67%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on VRT shares. UBS Group started coverage on Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price for the company. Fox Advisors began coverage on Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating for the company. Citigroup raised their price objective on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Barclays began coverage on Vertiv in a research note on Thursday, December 12th. They issued an “equal weight” rating and a $142.00 price objective for the company. Finally, Jefferies Financial Group began coverage on Vertiv in a research note on Monday, October 7th. They issued a “buy” rating and a $125.00 price objective for the company. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $141.75.

Insider Transactions at Vertiv

In related news, EVP Stephen Liang sold 86,619 shares of the 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 filing with the SEC, which can be accessed through the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the stock in a transaction 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 directly owns 19,448 shares in the company, valued at $2,751,114.08. This trade represents a 61.38 % decrease in their ownership of the stock. 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 quarter. 5.01% of the stock is currently owned by insiders.

About Vertiv

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.