Aubrey Capital Management Ltd Invests $3.11 Million in Vertiv Holdings Co (NYSE:VRT)

Aubrey Capital Management Ltd bought a new position in Vertiv Holdings Co (NYSE:VRT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 64,800 shares of the company’s stock, valued at approximately $3,112,000. Vertiv makes up approximately 1.3% of Aubrey Capital Management Ltd’s investment portfolio, making the stock its 21st largest position.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC bought a new position in shares of Vertiv in the fourth quarter valued at approximately $26,000. First Horizon Advisors Inc. lifted its position in Vertiv by 161.7% during the third quarter. First Horizon Advisors Inc. now owns 662 shares of the company’s stock valued at $25,000 after purchasing an additional 409 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Vertiv during the fourth quarter valued at approximately $38,000. TFC Financial Management Inc. bought a new stake in Vertiv during the fourth quarter valued at approximately $42,000. Finally, Clearstead Advisors LLC bought a new stake in Vertiv during the third quarter valued at approximately $38,000. 89.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VRT. Oppenheimer lifted their target price on shares of Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a research report on Thursday. Evercore ISI boosted their price objective on shares of Vertiv from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday. Citigroup boosted their price objective on shares of Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Mizuho boosted their price objective on shares of Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a report on Friday. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Vertiv has an average rating of “Moderate Buy” and an average target price of $81.11.

Insider Buying and Selling at Vertiv

In other Vertiv news, CAO Scott Cripps sold 56,594 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CAO Scott Cripps sold 56,594 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $70.76, for a total value of $4,004,591.44. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Stephen Liang sold 306,196 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the completion of the sale, the executive vice president now directly owns 51,841 shares in the company, valued at $3,641,311.84. The disclosure for this sale can be found here. Insiders own 5.62% of the company’s stock.

Vertiv Trading Up 3.5 %

Shares of NYSE VRT traded up $3.14 during mid-day trading on Friday, hitting $93.49. The stock had a trading volume of 15,253,921 shares, compared to its average volume of 9,615,165. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.35 and a current ratio of 1.74. Vertiv Holdings Co has a 1 year low of $13.73 and a 1 year high of $95.32. The business has a 50 day moving average price of $76.51 and a two-hundred day moving average price of $57.47. The firm has a market cap of $35.71 billion, a P/E ratio of 89.89, a price-to-earnings-growth ratio of 1.44 and a beta of 1.59.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.37 by $0.06. Vertiv had a net margin of 5.79% and a return on equity of 42.43%. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the previous year, the firm earned $0.24 earnings per share. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities analysts anticipate that Vertiv Holdings Co will post 2.35 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date of this dividend was Monday, March 18th. Vertiv’s payout ratio is currently 9.62%.

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.