Myriad Asset Management US LP Purchases Shares of 7,823 Vertiv Holdings Co (NYSE:VRT)

Myriad Asset Management US LP purchased a new stake in shares of Vertiv Holdings Co (NYSE:VRT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,823 shares of the company’s stock, valued at approximately $889,000.

A number of other large investors have also made changes to their positions in VRT. SOA Wealth Advisors LLC. bought a new stake in shares of Vertiv during the 4th quarter valued at about $26,000. Krane Funds Advisors LLC bought a new stake in shares of Vertiv during the 3rd quarter valued at about $29,000. Global Trust Asset Management LLC bought a new stake in shares of Vertiv during the 3rd quarter valued at about $30,000. Mark Sheptoff Financial Planning LLC grew its stake in shares of Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares during the period. Finally, Brooklyn Investment Group bought a new stake in shares of Vertiv during the 3rd quarter valued at about $30,000. 89.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value of $4,373,094.44. Following the sale, the insider now owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. This trade represents a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 171,527 shares of company stock worth $23,105,682 over the last three months. 5.01% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VRT. Mizuho boosted their price objective on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Oppenheimer boosted their price objective on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Barclays cut their price objective on Vertiv from $142.00 to $131.00 and set an “equal weight” rating for the company in a research note on Thursday. Bank of America boosted their price objective on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Fox Advisors began coverage on Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating for the company. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Vertiv presently has an average rating of “Moderate Buy” and a consensus target price of $138.57.

Vertiv Trading Down 1.0 %

Shares of VRT opened at $108.18 on Friday. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The firm has a market cap of $40.60 billion, a P/E ratio of 72.12, a price-to-earnings-growth ratio of 0.94 and a beta of 1.64. Vertiv Holdings Co has a 1 year low of $55.00 and a 1 year high of $155.84. The company has a 50 day simple moving average of $123.37 and a two-hundred day simple moving average of $108.12.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating 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 quarter in the prior year, the company posted $0.56 earnings per share. On average, equities analysts expect that Vertiv Holdings Co will post 2.7 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were given a $0.0375 dividend. The ex-dividend date was Tuesday, December 3rd. This is an increase from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. Vertiv’s dividend payout ratio (DPR) is currently 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.