Carl P. Sherr & Co. LLC Invests $492,000 in Vertiv Holdings Co (NYSE:VRT)

Carl P. Sherr & Co. LLC bought a new position in Vertiv Holdings Co (NYSE:VRT) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 10,246 shares of the company’s stock, valued at approximately $492,000.

Several other institutional investors and hedge funds have also recently modified their holdings of VRT. Advisor Group Holdings Inc. lifted its position in shares of Vertiv by 11.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 26,749 shares of the company’s stock worth $375,000 after purchasing an additional 2,756 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Vertiv by 17.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 15,756 shares of the company’s stock worth $221,000 after acquiring an additional 2,361 shares in the last quarter. US Bancorp DE increased its stake in shares of Vertiv by 216.7% in the 1st quarter. US Bancorp DE now owns 21,756 shares of the company’s stock worth $304,000 after acquiring an additional 14,886 shares in the last quarter. Citigroup Inc. increased its stake in shares of Vertiv by 40.2% in the 1st quarter. Citigroup Inc. now owns 66,068 shares of the company’s stock worth $925,000 after acquiring an additional 18,935 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Vertiv by 450.1% in the 1st quarter. Bank of Montreal Can now owns 461,842 shares of the company’s stock worth $6,333,000 after acquiring an additional 377,884 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Stock Performance

Shares of VRT stock traded up $1.69 during trading hours on Wednesday, reaching $82.36. The company had a trading volume of 6,775,611 shares, compared to its average volume of 7,663,967. The business has a fifty day moving average price of $73.29 and a 200-day moving average price of $55.26. Vertiv Holdings Co has a one year low of $11.95 and a one year high of $88.69. The firm has a market cap of $31.46 billion, a PE ratio of 69.75, a price-to-earnings-growth ratio of 1.28 and a beta of 1.59. 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 (NYSE:VRT) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. Vertiv had a net margin of 6.71% and a return on equity of 39.46%. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the business posted $0.28 earnings per share. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. Sell-side analysts predict that Vertiv Holdings Co will post 2.36 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders 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 dividend yield of 0.12%. Vertiv’s dividend payout ratio is presently 8.47%.

Analyst Ratings Changes

Several research analysts recently issued reports on VRT shares. Mizuho increased their price target on shares of Vertiv from $50.00 to $56.00 and gave the stock a “neutral” rating in a research note on Thursday, February 22nd. Citigroup increased their price target on shares of Vertiv from $69.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Oppenheimer initiated coverage on shares of Vertiv in a research note on Friday, April 5th. They issued an “outperform” rating and a $96.00 price target for the company. Evercore ISI raised their price objective on shares of Vertiv from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Finally, Bank of America raised their price objective on shares of Vertiv from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, March 18th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $74.56.

Insider Transactions at Vertiv

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