Mosaic Advisors LLC Takes $691,000 Position in Vertiv Holdings Co (NYSE:VRT)

Mosaic Advisors LLC 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 and Exchange Commission (SEC). The institutional investor bought 14,379 shares of the company's stock, valued at approximately $691,000. Vertiv comprises approximately 0.4% of Mosaic Advisors LLC's investment portfolio, making the stock its 13th biggest holding.

Several other institutional investors also recently made changes to their positions in VRT. First Horizon Advisors Inc. grew its holdings in shares of 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 during the last quarter. Clearstead Advisors LLC bought a new position in shares of Vertiv during the third quarter valued at approximately $38,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Vertiv during the fourth quarter worth approximately $38,000. TFC Financial Management Inc. acquired a new position in shares of Vertiv during the fourth quarter worth approximately $42,000. Finally, Huntington National Bank boosted its position in shares of Vertiv by 299.1% during 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 during the period. 89.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

VRT has been the subject of several analyst reports. Citigroup boosted their price objective on Vertiv from $69.00 to $102.00 and gave the stock a "buy" rating in a research report on Monday, April 8th. Bank of America boosted their price objective on Vertiv from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Monday, March 18th. Oppenheimer initiated coverage on Vertiv in a research report on Friday, April 5th. They set an "outperform" rating and a $96.00 price objective for the company. Evercore ISI boosted their price objective on Vertiv from $80.00 to $90.00 and gave the stock an "outperform" rating in a research report on Friday, April 5th. Finally, Mizuho boosted their price objective on Vertiv from $50.00 to $56.00 and gave the stock a "neutral" rating in a research report on Thursday, February 22nd. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $74.56.

Insider Activity

In other news, CAO Scott Cripps sold 56,594 shares of the stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Stephen Liang sold 306,196 shares of the 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 completion of the sale, the executive vice president now owns 51,841 shares in the company, valued at $3,641,311.84. The transaction 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 stock in a transaction 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 disclosure for this sale can be found here. Insiders own 5.62% of the company's stock.

Vertiv Price Performance

VRT traded up $3.08 during trading on Tuesday, reaching $79.15. The stock had a trading volume of 7,356,383 shares, compared to its average volume of 7,630,029. The firm has a market capitalization of $30.23 billion, a price-to-earnings ratio of 67.08, a price-to-earnings-growth ratio of 1.19 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 Holdings Co has a 1-year low of $12.20 and a 1-year high of $88.69. The stock has a 50 day moving average of $74.96 and a two-hundred day moving average of $56.68.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data 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 the consensus estimate of $1.88 billion. During the same quarter in the prior year, the firm earned $0.28 EPS. The company's quarterly revenue was up 12.7% compared to the same quarter last year. As a group, equities analysts anticipate that Vertiv Holdings Co will post 2.36 EPS for the current fiscal year.

Vertiv Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.13%. Vertiv's dividend payout ratio (DPR) is presently 8.47%.

Vertiv 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.