Vertiv Holdings Co (NYSE:VRT) Shares Acquired by Portolan Capital Management LLC

Portolan Capital Management LLC raised its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 35.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,877 shares of the company’s stock after purchasing an additional 36,411 shares during the quarter. Portolan Capital Management LLC’s holdings in Vertiv were worth $13,817,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of VRT. Potrero Capital Research LLC purchased a new position in shares of Vertiv during the third quarter worth $18,903,000. Menard Financial Group LLC raised its holdings in shares of Vertiv by 24.2% during the third quarter. Menard Financial Group LLC now owns 6,553 shares of the company’s stock worth $652,000 after purchasing an additional 1,276 shares during the last quarter. Needham Investment Management LLC raised its holdings in shares of Vertiv by 10.1% during the third quarter. Needham Investment Management LLC now owns 288,000 shares of the company’s stock worth $28,653,000 after purchasing an additional 26,500 shares during the last quarter. Ingalls & Snyder LLC purchased a new position in shares of Vertiv during the third quarter worth $317,000. Finally, Insight Holdings Group LLC raised its holdings in shares of Vertiv by 65.1% during the third quarter. Insight Holdings Group LLC now owns 32,200 shares of the company’s stock worth $3,204,000 after purchasing an additional 12,700 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Performance

VRT opened at $128.14 on Wednesday. The firm has a market capitalization of $48.10 billion, a PE ratio of 85.43, a PEG ratio of 1.31 and a beta of 1.61. Vertiv Holdings Co has a twelve month low of $43.66 and a twelve month high of $145.67. The firm’s 50-day moving average price is $116.11 and its 200 day moving average price is $96.69. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.07. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. Vertiv’s revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 EPS. As a group, sell-side analysts expect that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. This is an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, December 3rd. Vertiv’s payout ratio is 6.67%.

Insider Activity

In related news, Director Jan Van Dokkum sold 38,647 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the sale, the director now directly owns 25,000 shares of the company’s stock, valued at $3,409,750. This represents a 60.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the sale, the executive vice president now directly owns 19,551 shares in the company, valued at approximately $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 171,527 shares of company stock valued at $23,105,682. Company insiders own 5.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Mizuho lifted their price objective on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Jefferies Financial Group assumed coverage on shares of Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 price objective for the company. UBS Group initiated coverage on shares of Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective for the company. Oppenheimer lifted their target price on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Finally, TD Cowen lifted their target price on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $138.50.

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.