Owen LaRue LLC Takes $1.71 Million Position in Vertiv Holdings Co (NYSE:VRT)

Owen LaRue LLC bought a new stake in shares of Vertiv Holdings Co (NYSE:VRT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 35,608 shares of the company’s stock, valued at approximately $1,710,000. Vertiv accounts for about 1.6% of Owen LaRue LLC’s portfolio, making the stock its 20th largest position.

A number of other institutional investors have also recently modified their holdings of VRT. Nordea Investment Management AB purchased a new position in Vertiv in the 4th quarter valued at about $1,040,000. Xponance Inc. lifted its stake in Vertiv by 2.9% in the 4th quarter. Xponance Inc. now owns 14,984 shares of the company’s stock valued at $720,000 after buying an additional 426 shares in the last quarter. WT Asset Management Ltd purchased a new position in Vertiv in the 4th quarter valued at about $24,486,000. CenterBook Partners LP lifted its stake in Vertiv by 82.0% in the 3rd quarter. CenterBook Partners LP now owns 174,938 shares of the company’s stock valued at $6,508,000 after buying an additional 78,793 shares in the last quarter. Finally, Quadrature Capital Ltd lifted its stake in Vertiv by 791.6% in the 3rd 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 in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Trading Down 4.4 %

VRT traded down $4.10 during trading hours on Wednesday, reaching $88.90. The company’s stock had a trading volume of 3,653,006 shares, compared to its average volume of 8,203,348. Vertiv Holdings Co has a fifty-two week low of $14.27 and a fifty-two week high of $95.70. The stock has a market cap of $33.96 billion, a PE ratio of 85.66, a P/E/G ratio of 1.43 and a beta of 1.59. The business’s 50-day moving average is $77.77 and its 200-day moving average is $58.46. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.34 and a quick ratio of 1.35.

Vertiv (NYSE:VRT) last announced 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. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.62 billion. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 earnings per share. As a group, equities research analysts predict that Vertiv Holdings Co will post 2.42 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The company also recently announced 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 payout ratio is currently 9.62%.

Wall Street Analysts Forecast Growth

VRT has been the topic of a number of research reports. Mizuho raised their target price on shares of Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. Oppenheimer raised their target price on shares of Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Bank of America raised their target price 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. Evercore ISI raised their target price on shares of Vertiv from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Finally, Citigroup raised their target price on shares of Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $81.11.

Insider Activity at Vertiv

In other news, EVP Stephen Liang sold 306,196 shares of Vertiv stock in a transaction on Friday, March 1st. The shares were sold at an average price of $70.24, for a total value of $21,507,207.04. Following the transaction, the executive vice president now directly owns 51,841 shares of the company’s stock, valued at approximately $3,641,311.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Vertiv news, CAO Scott Cripps sold 56,594 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $70.76, for a total transaction of $4,004,591.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen Liang sold 306,196 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $70.24, for a total value of $21,507,207.04. Following the sale, the executive vice president now directly owns 51,841 shares of the company’s stock, valued at $3,641,311.84. The disclosure for this sale can be found here. Insiders sold a total of 3,362,790 shares of company stock valued at $306,451,347 in the last three months. 5.62% of the stock is currently owned by company insiders.

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.