Oak Thistle LLC Acquires New Position in Vertiv Holdings Co (NYSE:VRT)

Oak Thistle LLC bought a new position in Vertiv Holdings Co (NYSE:VRT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 16,422 shares of the company's stock, valued at approximately $789,000.

A number of other large investors have also added to or reduced their stakes in the stock. WT Asset Management Ltd bought a new stake in Vertiv in the 4th quarter worth approximately $24,486,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Vertiv during the 4th quarter valued at $70,000. SeaCrest Wealth Management LLC bought a new stake in shares of Vertiv during the 4th quarter valued at $380,000. Assenagon Asset Management S.A. grew its position in shares of Vertiv by 244.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 41,984 shares of the company's stock valued at $2,016,000 after acquiring an additional 29,804 shares during the period. Finally, Ulland Investment Advisors LLC bought a new stake in shares of Vertiv during the 4th quarter valued at $286,000. Institutional investors own 89.92% of the company's stock.

Insider Activity

In other news, EVP Stephen Liang sold 306,196 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the transaction, the executive vice president now directly owns 51,841 shares in the company, valued at $3,641,311.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Stephen Liang sold 306,196 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the transaction, the executive vice president now directly owns 51,841 shares in the company, valued at $3,641,311.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Scott Cripps sold 56,594 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders own 5.62% of the company's stock.

Vertiv Trading Up 5.8 %

VRT stock traded up $4.65 during mid-day trading on Wednesday, reaching $85.42. The company had a trading volume of 8,006,677 shares, compared to its average volume of 7,403,754. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.74 and a quick ratio of 1.35. The company has a market capitalization of $32.63 billion, a PE ratio of 72.39, a price-to-earnings-growth ratio of 1.28 and a beta of 1.59. The firm has a 50 day moving average of $68.62 and a 200 day moving average of $52.20. Vertiv Holdings Co has a 12 month low of $11.95 and a 12 month high of $86.63.

Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results on Wednesday, February 21st. The company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.03. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.88 billion. Vertiv had a net margin of 6.71% and a return on equity of 39.46%. The company's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 EPS. On average, equities analysts predict that Vertiv Holdings Co will post 2.35 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 19th were paid a dividend of $0.025 per share. The ex-dividend date was Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.12%. Vertiv's dividend payout ratio is presently 8.47%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Citigroup upped their target price on shares of Vertiv from $49.00 to $58.00 and gave the stock a "buy" rating in a report on Monday, December 11th. JPMorgan Chase & Co. upped their target price on shares of Vertiv from $53.00 to $65.00 and gave the company an "overweight" rating in a research report on Thursday, February 22nd. Bank of America upped their target price on shares of Vertiv from $80.00 to $90.00 and gave the company a "buy" rating in a research report on Monday, March 18th. Evercore ISI upped their target price on shares of Vertiv from $75.00 to $80.00 and gave the company an "outperform" rating in a research report on Wednesday, March 13th. Finally, Mizuho upped their price target on shares of Vertiv from $50.00 to $56.00 and gave the company a "neutral" rating in a report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $61.38.

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.