Mount Lucas Management LP Makes New Investment in Vertiv Holdings Co (NYSE:VRT)

Mount Lucas Management LP acquired a new stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,206 shares of the company's stock, valued at approximately $490,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cullen Frost Bankers Inc. acquired a new stake in shares of Vertiv in the 4th quarter worth about $58,000. EdgeRock Capital LLC bought a new position in shares of Vertiv in the fourth quarter valued at approximately $181,000. Charles Schwab Investment Management Inc. grew its holdings in Vertiv by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,479,937 shares of the company's stock worth $119,111,000 after buying an additional 57,936 shares in the last quarter. Private Advisor Group LLC purchased a new stake in Vertiv in the 4th quarter valued at $1,018,000. Finally, Wealthcare Advisory Partners LLC bought a new position in Vertiv during the 4th quarter valued at $649,000. Institutional investors own 89.92% of the company's stock.

Insider Activity

In other news, EVP Stephen Liang sold 306,196 shares of the company'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 value 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 sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Stephen Liang sold 306,196 shares of the business'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 completion of the transaction, the executive vice president now directly owns 51,841 shares of the company's stock, valued at $3,641,311.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Yibin Edward Cui sold 668 shares of the stock in a transaction on Saturday, May 4th. The shares were sold at an average price of $94.39, for a total value of $63,052.52. Following the transaction, the insider now directly owns 19,452 shares in the company, valued at $1,836,074.28. The disclosure for this sale can be found here. Insiders sold 3,409,664 shares of company stock worth $310,846,212 over the last three months. 5.62% of the stock is currently owned by corporate insiders.

Vertiv Trading Down 2.6 %

NYSE:VRT traded down $2.53 during trading hours on Friday, hitting $95.41. The company had a trading volume of 8,687,630 shares, compared to its average volume of 10,662,051. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.34 and a quick ratio of 0.98. Vertiv Holdings Co has a 52 week low of $14.95 and a 52 week high of $100.30. The company has a market capitalization of $35.72 billion, a PE ratio of 91.74, a price-to-earnings-growth ratio of 1.47 and a beta of 1.55. The stock has a 50-day moving average price of $81.99 and a 200 day moving average price of $60.89.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.62 billion. Vertiv had a return on equity of 44.95% and a net margin of 5.79%. The business's revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.24 EPS. On average, equities research analysts predict that Vertiv Holdings Co will post 2.42 EPS for the current fiscal year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 19th were paid a $0.025 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.10%. Vertiv's dividend payout ratio is currently 9.62%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on VRT shares. JPMorgan Chase & Co. lifted their target price on Vertiv from $95.00 to $100.00 and gave the stock an "overweight" rating in a research note on Thursday, April 25th. Citigroup boosted their target price on shares of Vertiv from $102.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, April 25th. Mizuho raised their price target on shares of Vertiv from $56.00 to $95.00 and gave the stock a "neutral" rating in a research note on Friday, April 26th. Evercore ISI increased their price objective on Vertiv from $90.00 to $95.00 and gave the company an "outperform" rating in a report on Thursday, April 25th. Finally, Oppenheimer boosted their target price on Vertiv from $96.00 to $98.00 and gave the company an "outperform" rating in a research note on Thursday, April 25th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $81.11.

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.

Want to see what other hedge funds are holding VRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vertiv Holdings Co (NYSE:VRT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.