Simon Quick Advisors LLC Trims Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Simon Quick Advisors LLC reduced its stake in Vertiv Holdings Co (NYSE:VRT) by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,803 shares of the company’s stock after selling 663 shares during the quarter. Simon Quick Advisors LLC’s holdings in Vertiv were worth $1,227,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Krane Funds Advisors LLC purchased a new position in Vertiv during the third quarter worth about $29,000. Anchor Investment Management LLC purchased a new position in Vertiv during the second quarter worth about $26,000. Global Trust Asset Management LLC purchased a new position in Vertiv during the third quarter worth about $30,000. Mark Sheptoff Financial Planning LLC lifted its position in Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after buying an additional 200 shares during the period. Finally, FNY Investment Advisers LLC purchased a new position in Vertiv during the fourth quarter worth about $34,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Jakki L. Haussler sold 15,347 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 3,425 shares of the company’s stock, valued at approximately $470,526.50. This trade represents a 81.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the completion of the transaction, the insider now directly owns 19,448 shares of the company’s stock, valued at $2,751,114.08. This represents a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is currently owned by corporate insiders.

Vertiv Price Performance

VRT opened at $143.16 on Wednesday. The stock has a market cap of $53.73 billion, a price-to-earnings ratio of 95.44, a PEG ratio of 1.06 and a beta of 1.63. Vertiv Holdings Co has a 1 year low of $52.40 and a 1 year high of $145.67. 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 stock has a fifty day moving average price of $126.25 and a 200 day moving average price of $103.98.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, topping 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 business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the firm earned $0.52 EPS. The firm’s revenue was up 19.0% compared to the same quarter last year. Analysts forecast that Vertiv Holdings Co will post 2.7 EPS for the current fiscal year.

Vertiv Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a yield of 0.10%. Vertiv’s dividend payout ratio is 6.67%.

Analysts Set New Price Targets

A number of research firms have recently commented on VRT. UBS Group began coverage on Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective on the stock. The Goldman Sachs Group raised their price objective on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Citigroup raised their price objective on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Morgan Stanley assumed coverage on Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective on the stock. Finally, TD Cowen increased their target price on Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Vertiv currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.75.

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.