11,490 Shares in Vertiv Holdings Co (NYSE:VRT) Bought by Capital Planning Advisors LLC

Capital Planning Advisors LLC acquired a new stake in Vertiv Holdings Co (NYSE:VRT) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 11,490 shares of the company’s stock, valued at approximately $1,305,000.

Several other institutional investors also recently bought and sold shares of VRT. Anchor Investment Management LLC purchased a new stake in shares of Vertiv in the second quarter valued at about $26,000. Krane Funds Advisors LLC acquired a new stake in Vertiv in the third quarter valued at about $29,000. Global Trust Asset Management LLC purchased a new stake in Vertiv in the 3rd quarter valued at approximately $30,000. Mark Sheptoff Financial Planning LLC increased its position in Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the period. Finally, Brooklyn Investment Group purchased a new position in shares of Vertiv during the 3rd quarter worth approximately $30,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the sale, the executive vice president now owns 19,551 shares of the company’s stock, valued at $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jan Van Dokkum sold 38,647 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $136.39, for a total value of $5,271,064.33. Following the transaction, the director now owns 25,000 shares in the company, valued at $3,409,750. This trade represents a 60.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 171,527 shares of company stock valued at $23,105,682. Company insiders own 5.01% of the company’s stock.

Vertiv Stock Up 3.8 %

Shares of NYSE:VRT opened at $148.54 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The company has a market capitalization of $55.75 billion, a P/E ratio of 99.03, a P/E/G ratio of 1.12 and a beta of 1.63. Vertiv Holdings Co has a 52-week low of $52.40 and a 52-week high of $154.79. The stock’s fifty day simple moving average is $127.11 and its 200-day simple moving average is $104.65.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 EPS. As a group, equities research analysts forecast that Vertiv Holdings Co will post 2.7 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The company also recently announced 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 was Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.10%. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio (DPR) is 6.67%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VRT. JPMorgan Chase & Co. upped their price objective on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Oppenheimer increased their price target on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Jefferies Financial Group began coverage on shares of Vertiv in a research note on Monday, October 7th. They issued a “buy” rating and a $125.00 price objective for the company. UBS Group initiated coverage on shares of Vertiv in a research report on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price on the stock. Finally, Mizuho lifted their price target on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Vertiv presently has a consensus rating of “Moderate Buy” and an average price target 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.