Carl P. Sherr & Co. LLC Acquires New Position in Vertiv Holdings Co (NYSE:VRT)

Carl P. Sherr & Co. LLC bought a new stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,246 shares of the company's stock, valued at approximately $492,000.

Several other large investors also recently added to or reduced their stakes in the business. First Horizon Advisors Inc. lifted its holdings in Vertiv by 161.7% during the third quarter. First Horizon Advisors Inc. now owns 662 shares of the company's stock valued at $25,000 after purchasing an additional 409 shares in the last quarter. TFC Financial Management Inc. purchased a new position in shares of Vertiv in the fourth quarter worth $42,000. Clearstead Advisors LLC purchased a new position in shares of Vertiv in the third quarter worth $38,000. Huntington National Bank lifted its holdings in shares of Vertiv by 299.1% in the third quarter. Huntington National Bank now owns 1,329 shares of the company's stock worth $49,000 after buying an additional 996 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. purchased a new position in shares of Vertiv in the fourth quarter worth $70,000. 89.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VRT has been the topic of several research analyst reports. Citigroup boosted their target price on shares of Vertiv from $69.00 to $102.00 and gave the stock a "buy" rating in a report on Monday, April 8th. Bank of America boosted their price target on shares of Vertiv from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Monday, March 18th. JPMorgan Chase & Co. boosted their price target on shares of Vertiv from $65.00 to $95.00 and gave the stock an "overweight" rating in a research report on Thursday, April 11th. Evercore ISI boosted their price objective on shares of Vertiv from $80.00 to $90.00 and gave the company an "outperform" rating in a research report on Friday, April 5th. Finally, Mizuho boosted their price objective on shares of Vertiv from $50.00 to $56.00 and gave the company a "neutral" rating in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $74.56.

Insider Buying and Selling

In related 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 value of $21,507,207.04. Following the transaction, the executive vice president now owns 51,841 shares in the company, valued at approximately $3,641,311.84. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, EVP Stephen Liang sold 306,196 shares of the firm's 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 sale, the executive vice president now owns 51,841 shares of the company's stock, valued at approximately $3,641,311.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Scott Cripps sold 56,594 shares of the firm's stock in a transaction that occurred on Friday, March 8th. The stock was 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. 5.62% of the stock is owned by corporate insiders.

Vertiv Trading Down 0.6 %

Shares of NYSE VRT traded down $0.48 during mid-day trading on Wednesday, reaching $81.88. The company had a trading volume of 6,142,091 shares, compared to its average volume of 7,490,427. The business's 50-day moving average is $73.29 and its 200-day moving average is $55.26. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 1.45. The stock has a market cap of $31.28 billion, a price-to-earnings ratio of 69.75, a price-to-earnings-growth ratio of 1.28 and a beta of 1.59. Vertiv Holdings Co has a 52 week low of $11.95 and a 52 week high of $88.69.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly 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 firm had revenue of $1.87 billion for the quarter, compared to analysts' expectations of $1.88 billion. Vertiv had a net margin of 6.71% and a return on equity of 39.46%. The business's revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.28 earnings per share. Equities analysts expect that Vertiv Holdings Co will post 2.36 earnings per share for the current year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were issued a $0.025 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.10 annualized dividend and a yield of 0.12%. Vertiv's dividend payout ratio (DPR) is presently 8.47%.

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.