Quaero Capital S.A. Purchases 961 Shares of Vertiv Holdings Co (NYSE:VRT)

Quaero Capital S.A. boosted its stake in Vertiv Holdings Co (NYSE:VRT) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,326 shares of the company’s stock after acquiring an additional 961 shares during the period. Vertiv accounts for 2.9% of Quaero Capital S.A.’s investment portfolio, making the stock its 5th largest holding. Quaero Capital S.A.’s holdings in Vertiv were worth $2,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. SOA Wealth Advisors LLC. acquired a new position in shares of Vertiv during the fourth quarter valued at about $26,000. Krane Funds Advisors LLC bought a new stake in shares of Vertiv in the 3rd quarter worth $29,000. Global Trust Asset Management LLC purchased a new stake in Vertiv in the 3rd quarter valued at about $30,000. Mark Sheptoff Financial Planning LLC increased its position in shares of Vertiv by 200.0% during the third 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 during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Vertiv during the 3rd quarter valued at $30,000. 89.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VRT has been the topic of several research analyst reports. Evercore ISI dropped their price objective on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Melius Research restated a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Morgan Stanley started coverage on Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price on the stock. UBS Group started coverage on shares of Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target on the stock. Finally, Fox Advisors initiated coverage on Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating for the company. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.57.

Insiders Place Their Bets

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

Vertiv Trading Down 1.0 %

NYSE VRT opened at $108.18 on Friday. Vertiv Holdings Co has a twelve month low of $55.00 and a twelve month high of $155.84. The firm has a market capitalization of $40.60 billion, a PE ratio of 72.12, a P/E/G ratio of 0.94 and a beta of 1.64. 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 stock’s 50 day moving average is $123.37 and its 200 day moving average is $108.12.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. During the same period in the previous year, the company posted $0.56 EPS. 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 declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were issued a dividend of $0.0375 per share. This is a boost from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. Vertiv’s dividend payout ratio is presently 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.