Morse Asset Management Inc Buys 12,258 Shares of Vertiv Holdings Co (NYSE:VRT)

Morse Asset Management Inc increased its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 110.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,373 shares of the company's stock after purchasing an additional 12,258 shares during the period. Morse Asset Management Inc's holdings in Vertiv were worth $2,655,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Foundations Investment Advisors LLC lifted its position in shares of Vertiv by 7.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company's stock worth $21,076,000 after buying an additional 13,559 shares during the period. Empowered Funds LLC increased its holdings in shares of Vertiv by 67.0% in the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock valued at $1,043,000 after purchasing an additional 3,682 shares in the last quarter. Register Financial Advisors LLC bought a new position in Vertiv in the 4th quarter worth approximately $217,000. Ibex Wealth Advisors acquired a new position in Vertiv during the 4th quarter worth $7,583,000. Finally, PFG Investments LLC bought a new position in Vertiv in the 4th quarter valued at $617,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Stock Down 3.5%

NYSE VRT traded down $3.79 during trading hours on Thursday, reaching $105.69. 6,661,262 shares of the company's stock were exchanged, compared to its average volume of 9,040,382. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The company has a market capitalization of $40.28 billion, a price-to-earnings ratio of 82.57, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. The company's 50-day moving average is $81.68 and its two-hundred day moving average is $106.15. Vertiv Holdings Co has a one year low of $53.60 and a one year high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the firm earned $0.43 earnings per share. The firm's revenue was up 24.2% compared to the same quarter last year. On average, analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. Vertiv's dividend payout ratio (DPR) is 8.72%.

Insider Transactions at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $94.33, for a total value of $518,815.00. Following the sale, the insider now owns 18,847 shares in the company, valued at approximately $1,777,837.51. The trade was a 22.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.01% of the stock is owned by insiders.

Analyst Ratings Changes

VRT has been the topic of several research reports. Royal Bank of Canada assumed coverage on Vertiv in a research note on Friday, March 7th. They set an "outperform" rating and a $121.00 price target on the stock. KGI Securities initiated coverage on Vertiv in a report on Thursday, April 24th. They set a "hold" rating for the company. The Goldman Sachs Group reduced their target price on shares of Vertiv from $135.00 to $85.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Cowen reaffirmed a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $120.38.

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.