Zweig DiMenna Associates LLC Buys 26,625 Shares of Vertiv Holdings Co (NYSE:VRT)

Zweig DiMenna Associates LLC boosted its holdings in Vertiv Holdings Co (NYSE:VRT) by 9.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 305,075 shares of the company’s stock after buying an additional 26,625 shares during the period. Vertiv makes up about 2.6% of Zweig DiMenna Associates LLC’s investment portfolio, making the stock its 8th largest position. Zweig DiMenna Associates LLC owned 0.08% of Vertiv worth $34,660,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in VRT. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Vertiv by 166.4% during the second quarter. Mercer Global Advisors Inc. ADV now owns 11,730 shares of the company’s stock valued at $1,015,000 after acquiring an additional 7,327 shares during the period. Blair William & Co. IL boosted its holdings in shares of Vertiv by 97.3% during the second quarter. Blair William & Co. IL now owns 6,857 shares of the company’s stock valued at $594,000 after acquiring an additional 3,382 shares during the period. Frank Rimerman Advisors LLC acquired a new stake in Vertiv in the second quarter worth about $282,000. Bank of Montreal Can lifted its holdings in Vertiv by 41.0% in the second quarter. Bank of Montreal Can now owns 156,531 shares of the company’s stock worth $14,365,000 after purchasing an additional 45,525 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Vertiv by 60.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 69,495 shares of the company’s stock worth $6,016,000 after purchasing an additional 26,231 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Price Performance

Shares of VRT stock opened at $152.31 on Friday. The stock’s fifty day moving average is $127.76 and its 200-day moving average is $104.99. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. The stock has a market capitalization of $57.17 billion, a PE ratio of 101.32, a PEG ratio of 1.16 and a beta of 1.63. Vertiv Holdings Co has a 52 week low of $52.40 and a 52 week high of $155.26.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The business’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. Equities research analysts expect that Vertiv Holdings Co will post 2.7 EPS for the current fiscal year.

Vertiv Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were issued a $0.0375 dividend. This is a boost from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.15 annualized dividend and a yield of 0.10%. Vertiv’s dividend payout ratio (DPR) is currently 6.67%.

Wall Street Analyst Weigh In

VRT has been the topic of several research reports. Citigroup boosted their price target on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Mizuho upped their target price on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Jefferies Financial Group started coverage on Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. Finally, Fox Advisors started coverage on Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating for the company. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Vertiv currently has an average rating of “Moderate Buy” and an average target price of $141.75.

Insider Activity at Vertiv

In other news, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction dated 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 owns 19,551 shares of the company’s stock, valued at $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jakki L. Haussler sold 15,347 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total value of $2,108,370.86. Following the sale, the director now directly owns 3,425 shares in the company, valued at approximately $470,526.50. This represents a 81.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 171,527 shares of company stock worth $23,105,682 over the last 90 days. Insiders own 5.01% of the company’s stock.

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.