Geneva Partners LLC Makes New Investment in Vertiv Holdings Co (NYSE:VRT)

Geneva Partners LLC acquired 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 and Exchange Commission (SEC). The institutional investor acquired 20,300 shares of the company's stock, valued at approximately $975,000.

Several other hedge funds have also recently made changes to their positions in the business. FMR LLC increased its stake in shares of Vertiv by 182.4% during the third quarter. FMR LLC now owns 47,236,496 shares of the company's stock valued at $1,757,198,000 after purchasing an additional 30,511,907 shares in the last quarter. Starboard Value LP purchased a new position in Vertiv in the fourth quarter worth about $230,880,000. BlackRock Inc. lifted its stake in shares of Vertiv by 32.8% in the first quarter. BlackRock Inc. now owns 18,988,356 shares of the company's stock worth $265,836,000 after buying an additional 4,693,256 shares in the last quarter. Vanguard Group Inc. boosted its stake in Vertiv by 12.1% during the 3rd quarter. Vanguard Group Inc. now owns 31,628,757 shares of the company's stock valued at $1,176,590,000 after purchasing an additional 3,417,710 shares during the last quarter. Finally, Millennium Management LLC bought a new position in shares of Vertiv during the fourth quarter valued at $41,665,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Vertiv

In other Vertiv news, EVP Stephen Liang sold 306,196 shares of the business's stock in a transaction 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 owns 51,841 shares in the company, valued at $3,641,311.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Vertiv news, EVP Stephen Liang sold 306,196 shares of the company's stock in a transaction on Friday, March 1st. The stock was 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 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 accessible through this hyperlink. Also, CAO Scott Cripps sold 56,594 shares of Vertiv stock in a transaction on Friday, March 8th. The stock was sold at an average price of $70.76, for a total value of $4,004,591.44. The disclosure for this sale can be found here. 5.62% of the stock is currently owned by insiders.

Vertiv Price Performance

NYSE VRT traded down $6.02 on Friday, reaching $74.99. The company had a trading volume of 15,923,588 shares, compared to its average volume of 7,589,910. The firm's 50 day moving average price is $74.33 and its 200 day moving average price is $55.87. Vertiv Holdings Co has a 12 month low of $11.95 and a 12 month high of $88.69. The stock has a market capitalization of $28.64 billion, a PE ratio of 63.55, a price-to-earnings-growth ratio of 1.30 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 announced its quarterly 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. Vertiv had a return on equity of 39.46% and a net margin of 6.71%. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the company earned $0.28 earnings per share. The firm's revenue was up 12.7% on a year-over-year basis. As a group, equities analysts predict that Vertiv Holdings Co will post 2.36 earnings per share for the current year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 19th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.13%. The ex-dividend date was Monday, March 18th. Vertiv's dividend payout ratio is currently 8.47%.

Analysts Set New Price Targets

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

Vertiv Company Profile

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.

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