Los Angeles Capital Management LLC Purchases 28,083 Shares of Vertiv Holdings Co (NYSE:VRT)

Los Angeles Capital Management LLC lifted its position in shares of Vertiv Holdings Co (NYSE:VRT) by 254.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,115 shares of the company’s stock after purchasing an additional 28,083 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Vertiv were worth $1,879,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB purchased a new position in Vertiv during the fourth quarter valued at $1,040,000. Xponance Inc. lifted its position in Vertiv by 2.9% during the 4th quarter. Xponance Inc. now owns 14,984 shares of the company’s stock valued at $720,000 after acquiring an additional 426 shares during the period. WT Asset Management Ltd bought a new stake in Vertiv during the fourth quarter worth about $24,486,000. CenterBook Partners LP boosted its stake in Vertiv by 82.0% during the third quarter. CenterBook Partners LP now owns 174,938 shares of the company’s stock worth $6,508,000 after acquiring an additional 78,793 shares in the last quarter. Finally, Quadrature Capital Ltd grew its holdings in Vertiv by 791.6% in the third quarter. Quadrature Capital Ltd now owns 92,628 shares of the company’s stock worth $3,445,000 after purchasing an additional 82,239 shares during the period. 89.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Vertiv

In other news, insider Yibin Edward Cui sold 668 shares of the stock in a transaction that occurred on Saturday, May 4th. The shares were sold at an average price of $94.39, for a total value of $63,052.52. Following the transaction, the insider now owns 19,452 shares in the company, valued at approximately $1,836,074.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Stephen Liang sold 306,196 shares of Vertiv stock in a transaction on Friday, March 1st. The stock was sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the transaction, the executive vice president now directly owns 51,841 shares in the company, valued at $3,641,311.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Yibin Edward Cui sold 668 shares of the business’s stock in a transaction dated Saturday, May 4th. The shares were sold at an average price of $94.39, for a total value of $63,052.52. Following the sale, the insider now directly owns 19,452 shares of the company’s stock, valued at approximately $1,836,074.28. The disclosure for this sale can be found here. Insiders sold a total of 3,409,664 shares of company stock worth $310,846,212 in the last three months. 5.62% of the stock is currently owned by company insiders.

Vertiv Trading Down 2.4 %

Shares of NYSE:VRT opened at $94.91 on Wednesday. Vertiv Holdings Co has a 1 year low of $14.68 and a 1 year high of $97.49. The stock’s fifty day moving average price is $80.75 and its 200-day moving average price is $60.37. The company has a market cap of $35.53 billion, a P/E ratio of 91.26, a PEG ratio of 1.41 and a beta of 1.55. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.34 and a quick ratio of 0.98.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the firm earned $0.24 earnings per share. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. Sell-side analysts expect that Vertiv Holdings Co will post 2.42 earnings per share for the current year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th were given a $0.025 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.10 annualized dividend and a yield of 0.11%. Vertiv’s payout ratio is 9.62%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Evercore ISI lifted their target price on shares of Vertiv from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Oppenheimer raised their price objective on Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Citigroup boosted their target price on Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Mizuho increased their target price on Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. Finally, Bank of America lifted their price target on Vertiv from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $81.11.

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.