Lecap Asset Management Ltd. Invests $1.26 Million in Vertiv Holdings Co (NYSE:VRT)

Lecap Asset Management Ltd. bought a new stake in shares of Vertiv Holdings Co (NYSE:VRT) in the 4th quarter, Holdings Channel.com reports. The firm bought 11,060 shares of the company’s stock, valued at approximately $1,257,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Krane Funds Advisors LLC purchased a new stake in shares of Vertiv during the third quarter valued at approximately $29,000. Global Trust Asset Management LLC bought a new stake in Vertiv during the 3rd quarter valued at $30,000. Mark Sheptoff Financial Planning LLC boosted its position in Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after buying an additional 200 shares during the period. Brooklyn Investment Group bought a new stake in Vertiv in the 3rd quarter worth $30,000. Finally, OLD Second National Bank of Aurora purchased a new position in shares of Vertiv in the fourth quarter valued at about $30,000. 89.92% of the stock is currently owned by institutional investors.

Insider Activity at Vertiv

In other news, Director Jakki L. Haussler sold 15,347 shares of Vertiv stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the transaction, the director now directly owns 3,425 shares of the company’s stock, valued at $470,526.50. The trade was a 81.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Anand Sanghi sold 30,914 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value of $4,373,094.44. Following the completion of the sale, the insider now owns 19,448 shares of the company’s stock, valued at $2,751,114.08. The trade was a 61.38 % 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 quarter. Company insiders own 5.01% of the company’s stock.

Vertiv Price Performance

VRT opened at $121.42 on Friday. The firm has a market cap of $45.57 billion, a PE ratio of 80.95, a P/E/G ratio of 0.92 and a beta of 1.64. The stock has a 50-day moving average price of $124.52 and a 200-day moving average price of $106.87. Vertiv Holdings Co has a 1 year low of $55.00 and a 1 year high of $155.84. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02.

Vertiv Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were given a $0.0375 dividend. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%. Vertiv’s payout ratio is 6.67%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Fox Advisors initiated coverage on Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating on the stock. Melius Research reissued a “hold” rating and set a $125.00 target price on shares of Vertiv in a research note on Tuesday, January 28th. JPMorgan Chase & Co. raised their price target on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 19th. Citigroup upped their price objective on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Mizuho lifted their target price on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $139.36.

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.