Kercheville Advisors LLC Takes Position in Vertiv Holdings Co (NYSE:VRT)

Kercheville Advisors LLC bought a new position in shares of Vertiv Holdings Co (NYSE:VRT) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 3,300 shares of the company’s stock, valued at approximately $375,000.

Other hedge funds have also recently bought and sold shares of the company. Krane Funds Advisors LLC acquired a new position in Vertiv during the 3rd quarter worth about $29,000. Global Trust Asset Management LLC acquired a new position in Vertiv during the 3rd quarter worth about $30,000. Mark Sheptoff Financial Planning LLC lifted its stake 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 acquiring an additional 200 shares in the last quarter. Brooklyn Investment Group acquired a new position in Vertiv during the 3rd quarter worth about $30,000. Finally, OLD Second National Bank of Aurora acquired a new position in Vertiv during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

VRT has been the topic of several recent research reports. Melius Research restated a “hold” rating and set a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. TD Cowen upped their price target on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Evercore ISI cut their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Fox Advisors initiated coverage on Vertiv in a report on Monday, January 6th. They set an “equal weight” rating on the stock. Finally, Barclays initiated coverage on Vertiv in a report on Thursday, December 12th. They set an “equal weight” rating and a $142.00 price target on the stock. Four 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.36.

Insider Buying and Selling at Vertiv

In related 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 transaction of $11,353,152.33. Following the completion of the transaction, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through this link. Also, Director Jakki L. Haussler sold 15,347 shares of Vertiv stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total value of $2,108,370.86. Following the transaction, the director now directly owns 3,425 shares of the company’s stock, valued at approximately $470,526.50. This represents a 81.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is currently owned by insiders.

Vertiv Trading Up 7.0 %

Shares of VRT stock opened at $119.00 on Thursday. The business’s 50 day moving average is $124.83 and its two-hundred day moving average is $106.69. Vertiv Holdings Co has a twelve month low of $55.00 and a twelve month high of $155.84. The company has a market capitalization of $44.67 billion, a P/E ratio of 79.33, a price-to-earnings-growth ratio of 0.92 and a beta of 1.64. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60.

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were paid a $0.0375 dividend. This is an increase from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a dividend yield of 0.13%. The ex-dividend date was Tuesday, December 3rd. Vertiv’s dividend payout ratio (DPR) is 6.67%.

Vertiv 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.