Albion Financial Group UT Buys 7,005 Shares of Vertiv Holdings Co (NYSE:VRT)

Albion Financial Group UT raised its position in shares of Vertiv Holdings Co (NYSE:VRT) by 6.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 108,687 shares of the company’s stock after purchasing an additional 7,005 shares during the period. Albion Financial Group UT’s holdings in Vertiv were worth $12,348,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Anchor Investment Management LLC bought a new position in Vertiv in the 2nd quarter worth approximately $26,000. Krane Funds Advisors LLC purchased a new position in shares of Vertiv in the third quarter valued at $29,000. Global Trust Asset Management LLC purchased a new stake in Vertiv during the 3rd quarter worth about $30,000. Mark Sheptoff Financial Planning LLC lifted its holdings in Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in Vertiv during the 3rd quarter valued at about $30,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Price Performance

Shares of NYSE:VRT opened at $143.16 on Wednesday. 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 has a market cap of $53.73 billion, a PE ratio of 95.44, a PEG ratio of 1.06 and a beta of 1.63. The company’s fifty day moving average is $126.63 and its 200 day moving average is $104.34. Vertiv Holdings Co has a 52 week low of $52.40 and a 52 week high of $145.67.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the business earned $0.52 earnings per share. The company’s quarterly revenue was up 19.0% on a year-over-year basis. Research analysts anticipate that Vertiv Holdings Co will post 2.7 earnings per share for the current year.

Vertiv Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were given a $0.0375 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 annualized dividend and a yield of 0.10%. This is an increase from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s payout ratio is presently 6.67%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Mizuho raised their price objective on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. increased their price objective on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. Fox Advisors assumed coverage on Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating on the stock. Barclays began coverage on Vertiv in a research report on Thursday, December 12th. They set an “equal weight” rating and a $142.00 price target for the company. Finally, UBS Group started coverage on shares of Vertiv in a research report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $141.75.

Insider Activity

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 stock was sold at an average price of $136.39, for a total value of $5,271,064.33. Following the completion of the sale, the director now owns 25,000 shares in the company, valued at approximately $3,409,750. This trade represents a 60.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the business’s stock in a transaction that occurred 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 directly 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. Over the last 90 days, insiders sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is currently owned by company insiders.

About Vertiv

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.