Headlands Technologies LLC Makes New $450,000 Investment in Vertiv Holdings Co (NYSE:VRT)

Headlands Technologies LLC purchased a new position in shares of Vertiv Holdings Co (NYSE:VRT) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 9,371 shares of the company’s stock, valued at approximately $450,000.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC purchased a new position in Vertiv during the fourth quarter worth approximately $26,000. First Horizon Advisors Inc. raised its stake in shares of Vertiv by 161.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 662 shares of the company’s stock valued at $25,000 after acquiring an additional 409 shares during the period. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Vertiv in the 4th quarter valued at $38,000. TFC Financial Management Inc. purchased a new position in shares of Vertiv in the 4th quarter valued at $42,000. Finally, Clearstead Advisors LLC purchased a new position in shares of Vertiv in the 3rd quarter valued at $38,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Activity

In related news, CAO Scott Cripps sold 56,594 shares of Vertiv stock in a transaction dated 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 filing with the SEC, which can be accessed through this link. In related news, CAO Scott Cripps sold 56,594 shares of Vertiv stock in a transaction dated 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 filing with the SEC, which can be accessed through this link. Also, EVP Stephen Liang sold 306,196 shares of Vertiv stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the completion of the sale, the executive vice president now owns 51,841 shares in the company, valued at $3,641,311.84. The disclosure for this sale can be found here. Company insiders own 5.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on VRT shares. Mizuho raised their target price on shares of Vertiv from $56.00 to $95.00 and gave the company a “neutral” rating in a research note on Friday. Oppenheimer raised their target price on shares of Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a research note on Thursday. JPMorgan Chase & Co. raised their target price on shares of Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday. Bank of America lifted their price target on shares of Vertiv from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Finally, Evercore ISI lifted their price target on shares of Vertiv from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Vertiv currently has an average rating of “Moderate Buy” and an average target price of $81.11.

Vertiv Stock Up 3.5 %

VRT stock traded up $3.14 during mid-day trading on Friday, hitting $93.49. 15,253,921 shares of the company were exchanged, compared to its average volume of 9,615,165. The company has a market capitalization of $35.71 billion, a PE ratio of 89.89, a price-to-earnings-growth ratio of 1.44 and a beta of 1.59. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 1.45. Vertiv Holdings Co has a twelve month low of $13.73 and a twelve month high of $95.32. The firm has a fifty day simple moving average of $76.51 and a 200 day simple moving average of $57.47.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06. Vertiv had a net margin of 5.79% and a return on equity of 42.43%. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same period in the previous year, the business posted $0.24 EPS. The company’s quarterly revenue was up 7.8% on a year-over-year basis. On average, research analysts forecast that Vertiv Holdings Co will post 2.35 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

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

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.