Zweig DiMenna Associates LLC Has $34.66 Million Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Zweig DiMenna Associates LLC lifted its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 9.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 305,075 shares of the company’s stock after acquiring an additional 26,625 shares during the quarter. Vertiv makes up about 2.6% of Zweig DiMenna Associates LLC’s portfolio, making the stock its 8th biggest holding. Zweig DiMenna Associates LLC’s holdings in Vertiv were worth $34,660,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Anchor Investment Management LLC acquired a new position in Vertiv in the 2nd quarter valued at $26,000. Krane Funds Advisors LLC acquired a new position in Vertiv in the 3rd quarter valued at $29,000. Global Trust Asset Management LLC acquired a new position in Vertiv in the 3rd quarter valued at $30,000. Mark Sheptoff Financial Planning LLC raised its holdings in Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in Vertiv in the 3rd quarter valued at $30,000. 89.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Evercore ISI dropped their price objective on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Morgan Stanley assumed coverage on Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 price target for the company. JPMorgan Chase & Co. boosted their price target on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Jefferies Financial Group assumed coverage on Vertiv in a report on Monday, October 7th. They set a “buy” rating and a $125.00 price target for the company. Finally, Barclays assumed coverage on Vertiv in a report on Thursday, December 12th. They set an “equal weight” rating and a $142.00 price target for the company. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Vertiv presently has a consensus rating of “Moderate Buy” and an average price target of $141.75.

Insider Buying and Selling at Vertiv

In other news, Director Jakki L. Haussler sold 15,347 shares of the firm’s stock in a transaction that occurred 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 owns 3,425 shares in the company, valued at $470,526.50. This trade represents a 81.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Anand Sanghi sold 30,914 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total value of $4,373,094.44. Following the completion of the transaction, the insider now owns 19,448 shares in the company, valued at $2,751,114.08. This represents a 61.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 171,527 shares of company stock valued at $23,105,682. Company insiders own 5.01% of the company’s stock.

Vertiv Trading Down 0.8 %

Shares of VRT stock opened at $152.31 on Friday. The stock has a market cap of $57.17 billion, a price-to-earnings ratio of 101.32, a PEG ratio of 1.16 and a beta of 1.63. The stock has a 50-day moving average of $127.76 and a 200-day moving average of $104.99. 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 Holdings Co has a 1-year low of $52.40 and a 1-year high of $155.26.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter last year, the firm posted $0.52 earnings per share. The company’s revenue for the quarter was up 19.0% compared to the same quarter last year. On average, equities research analysts forecast that Vertiv Holdings Co will post 2.7 earnings per share for the current year.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.10%. The ex-dividend date of this dividend was Tuesday, December 3rd. This is a boost from Vertiv’s previous quarterly dividend of $0.03. 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.