Caldwell Investment Management Ltd. Acquires 6,700 Shares of Vertiv Holdings Co (NYSE:VRT)

Caldwell Investment Management Ltd. boosted its holdings in Vertiv Holdings Co (NYSE:VRT) by 67.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,700 shares of the company’s stock after acquiring an additional 6,700 shares during the period. Vertiv accounts for 1.3% of Caldwell Investment Management Ltd.’s holdings, making the stock its 15th biggest position. Caldwell Investment Management Ltd.’s holdings in Vertiv were worth $1,937,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Brendel Financial Advisors LLC acquired a new position in Vertiv in the 4th quarter valued at $240,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Vertiv by 16.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 837 shares of the company’s stock valued at $95,000 after buying an additional 121 shares in the last quarter. Park Avenue Securities LLC grew its holdings in Vertiv by 59.2% in the 4th quarter. Park Avenue Securities LLC now owns 11,250 shares of the company’s stock valued at $1,278,000 after buying an additional 4,185 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Vertiv by 156.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 143,649 shares of the company’s stock valued at $16,320,000 after buying an additional 87,726 shares in the last quarter. Finally, Board of the Pension Protection Fund acquired a new position in Vertiv in the 4th quarter valued at $409,000. Institutional investors own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on VRT shares. Citigroup increased their target price on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Oppenheimer increased their target price on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. UBS Group started coverage on Vertiv in a report on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price on the stock. Evercore ISI increased their target price on Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group started coverage on Vertiv in a report on Monday, October 7th. They set a “buy” rating and a $125.00 target price on the stock. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $140.92.

Vertiv Price Performance

Vertiv stock opened at $131.84 on Wednesday. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The company has a market capitalization of $49.48 billion, a PE ratio of 87.89, a P/E/G ratio of 1.29 and a beta of 1.63. Vertiv Holdings Co has a 12 month low of $48.86 and a 12 month high of $145.67. The stock has a 50-day moving average price of $125.42 and a two-hundred day moving average price of $102.74.

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

Vertiv Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were paid a dividend of $0.0375 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 annualized dividend and a yield of 0.11%. This is a boost from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio (DPR) is currently 6.67%.

Insider Buying and Selling at Vertiv

In related news, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jakki L. Haussler sold 15,347 shares of Vertiv stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total value of $2,108,370.86. Following the transaction, the director now directly owns 3,425 shares in the company, valued at approximately $470,526.50. The trade was a 81.75 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 171,527 shares of company stock valued at $23,105,682. Company insiders own 5.01% of the company’s stock.

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.