Cookson Peirce & Co. Inc. Invests $2.31 Million in Vertiv Holdings Co (NYSE:VRT)

Cookson Peirce & Co. Inc. bought a new stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 48,053 shares of the company's stock, valued at approximately $2,308,000.

Several other institutional investors also recently bought and sold shares of the stock. Mackenzie Financial Corp grew its stake in Vertiv by 19.1% during the fourth quarter. Mackenzie Financial Corp now owns 21,642 shares of the company's stock valued at $1,039,000 after acquiring an additional 3,478 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new position in Vertiv during the fourth quarter valued at $33,960,000. Simplicity Solutions LLC bought a new position in Vertiv during the fourth quarter valued at $240,000. Koshinski Asset Management Inc. lifted its position in Vertiv by 30.2% during the fourth quarter. Koshinski Asset Management Inc. now owns 16,101 shares of the company's stock valued at $773,000 after purchasing an additional 3,739 shares during the last quarter. Finally, Ingalls & Snyder LLC bought a new position in Vertiv during the fourth quarter valued at $255,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Trading Up 2.0 %

VRT traded up $1.64 on Tuesday, reaching $82.31. 6,767,094 shares of the company traded hands, compared to its average volume of 7,508,143. Vertiv Holdings Co has a one year low of $11.95 and a one year high of $88.69. The firm has a fifty day simple moving average of $73.29 and a two-hundred day simple moving average of $55.26. The company has a market cap of $31.44 billion, a P/E ratio of 69.75, a price-to-earnings-growth ratio of 1.35 and a beta of 1.59. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 1.45.

Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results on Wednesday, February 21st. The company reported $0.56 EPS for the quarter, beating 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 EPS. As a group, equities research analysts expect that Vertiv Holdings Co will post 2.34 earnings per share for the current year.

Vertiv Announces Dividend

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

Insider Buying and Selling at Vertiv

In other news, CAO Scott Cripps sold 56,594 shares of Vertiv stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $70.76, for a total value of $4,004,591.44. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Vertiv news, CAO Scott Cripps sold 56,594 shares of the business's 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Stephen Liang sold 306,196 shares of the business's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the sale, the executive vice president now directly owns 51,841 shares in the company, valued at approximately $3,641,311.84. The disclosure for this sale can be found here. Insiders own 5.62% of the company's stock.

Analyst Upgrades and Downgrades

VRT has been the subject of several research reports. Citigroup increased their price objective on shares of Vertiv from $69.00 to $102.00 and gave the company a "buy" rating in a research report on Monday, April 8th. Oppenheimer started coverage on shares of Vertiv in a report on Friday, April 5th. They issued an "outperform" rating and a $96.00 target price for the company. JPMorgan Chase & Co. raised their target price on shares of Vertiv from $65.00 to $95.00 and gave the stock an "overweight" rating in a report on Thursday, April 11th. Bank of America raised their target price on shares of Vertiv from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Monday, March 18th. Finally, Mizuho raised their target price on shares of Vertiv from $50.00 to $56.00 and gave the stock a "neutral" rating in a report on Thursday, February 22nd. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, Vertiv presently has a consensus rating of "Moderate Buy" and a consensus target price of $74.56.

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.