Seascape Capital Management Buys 734 Shares of Vertiv Holdings Co (NYSE:VRT)

Seascape Capital Management grew its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 2.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 31,057 shares of the company’s stock after acquiring an additional 734 shares during the quarter. Seascape Capital Management’s holdings in Vertiv were worth $3,528,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Peregrine Investment Management Inc. acquired a new position in Vertiv during the fourth quarter valued at approximately $4,225,000. WealthPlan Investment Management LLC increased its stake in shares of Vertiv by 4.2% in the 4th quarter. WealthPlan Investment Management LLC now owns 6,747 shares of the company’s stock valued at $767,000 after purchasing an additional 269 shares during the last quarter. Myriad Asset Management US LP acquired a new position in shares of Vertiv during the 4th quarter worth $889,000. Quaero Capital S.A. lifted its position in shares of Vertiv by 5.0% during the 4th quarter. Quaero Capital S.A. now owns 20,326 shares of the company’s stock worth $2,309,000 after buying an additional 961 shares during the last quarter. Finally, WASHINGTON TRUST Co boosted its stake in Vertiv by 35.7% in the fourth quarter. WASHINGTON TRUST Co now owns 760 shares of the company’s stock valued at $86,000 after buying an additional 200 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Vertiv

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction 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 sale, the insider now directly owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jakki L. Haussler sold 15,347 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total value of $2,108,370.86. Following the completion of the sale, the director now owns 3,425 shares of the company’s stock, valued at approximately $470,526.50. This represents a 81.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 171,527 shares of company stock worth $23,105,682 in the last 90 days. Corporate insiders own 5.01% of the company’s stock.

Vertiv Stock Performance

Shares of VRT stock 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. Vertiv Holdings Co has a one year low of $55.00 and a one year high of $155.84. The business’s 50 day simple moving average is $122.86 and its 200 day simple moving average is $108.58. The stock has a market capitalization of $40.60 billion, a PE ratio of 72.12, a PEG ratio of 0.94 and a beta of 1.64.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.15. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. During the same quarter in the previous year, the firm earned $0.56 earnings per share. As a group, research analysts forecast that Vertiv Holdings Co will post 2.7 earnings per share for the current year.

Vertiv Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. This is an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 3rd. Vertiv’s payout ratio is currently 7.81%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on VRT shares. Melius Research reissued a “hold” rating and issued a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. UBS Group began coverage on shares of Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective for the company. Fox Advisors began coverage on shares of Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating on the stock. Mizuho increased their price target on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. boosted 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. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $138.57.

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.