EdgeRock Capital LLC Invests $181,000 in Vertiv Holdings Co (NYSE:VRT)

EdgeRock Capital LLC acquired a new stake in shares of Vertiv Holdings Co (NYSE:VRT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,761 shares of the company’s stock, valued at approximately $181,000.

Several other hedge funds have also added to or reduced their stakes in the stock. First Horizon Advisors Inc. boosted its stake in Vertiv by 161.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 662 shares of the company’s stock worth $25,000 after purchasing an additional 409 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Vertiv during the fourth quarter valued at approximately $26,000. Clearstead Advisors LLC purchased a new stake in shares of Vertiv during the third quarter valued at approximately $38,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Vertiv during the fourth quarter valued at approximately $38,000. Finally, TFC Financial Management Inc. purchased a new position in Vertiv in the 4th quarter worth approximately $42,000. 89.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on VRT shares. Evercore ISI lifted their target price on Vertiv from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Citigroup lifted their price objective on Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Mizuho raised their price target on shares of Vertiv from $56.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, April 26th. Oppenheimer lifted their price target on shares of Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.11.

Insiders Place Their Bets

In other Vertiv news, EVP Anders Karlborg sold 46,206 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $93.75, for a total value of $4,331,812.50. Following the completion of the sale, the executive vice president now owns 23,003 shares in the company, valued at approximately $2,156,531.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Anders Karlborg sold 46,206 shares of Vertiv stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $93.75, for a total value of $4,331,812.50. Following the sale, the executive vice president now directly owns 23,003 shares of the company’s stock, valued at $2,156,531.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Yibin Edward Cui sold 668 shares of Vertiv stock in a transaction dated Saturday, May 4th. The stock was sold at an average price of $94.39, for a total value of $63,052.52. Following the completion of the sale, the insider now directly owns 19,452 shares in the company, valued at $1,836,074.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,409,664 shares of company stock worth $310,846,212. Corporate insiders own 5.62% of the company’s stock.

Vertiv Stock Performance

Shares of NYSE:VRT traded down $2.35 during midday trading on Tuesday, hitting $94.91. The company had a trading volume of 5,718,537 shares, compared to its average volume of 8,168,723. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.34 and a quick ratio of 0.98. The company has a market cap of $35.53 billion, a price-to-earnings ratio of 91.26, a PEG ratio of 1.41 and a beta of 1.55. Vertiv Holdings Co has a 12-month low of $14.68 and a 12-month high of $97.49. The company has a fifty day moving average of $80.75 and a two-hundred day moving average of $60.37.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.37 by $0.06. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.62 billion. Vertiv had a return on equity of 44.95% and a net margin of 5.79%. Vertiv’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.24 EPS. On average, equities research analysts expect that Vertiv Holdings Co will post 2.42 EPS for the current fiscal year.

Vertiv Dividend Announcement

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

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.