Andar Capital Management HK Ltd bought a new stake in Vertiv Holdings Co. (NYSE:VRT – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,500 shares of the company’s stock, valued at approximately $729,000. Vertiv makes up 0.8% of Andar Capital Management HK Ltd’s portfolio, making the stock its 15th largest holding.
Other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC increased its position in shares of Vertiv by 25.9% during the 1st quarter. Empowered Funds LLC now owns 11,557 shares of the company’s stock worth $834,000 after purchasing an additional 2,377 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Vertiv during the 2nd quarter worth approximately $567,000. Cary Street Partners Financial LLC increased its position in shares of Vertiv by 19.8% during the 2nd quarter. Cary Street Partners Financial LLC now owns 1,390 shares of the company’s stock worth $178,000 after purchasing an additional 230 shares during the last quarter. Bank of Nova Scotia increased its position in shares of Vertiv by 49.7% during the 2nd quarter. Bank of Nova Scotia now owns 29,239 shares of the company’s stock worth $3,755,000 after purchasing an additional 9,712 shares during the last quarter. Finally, Ossiam acquired a new position in shares of Vertiv during the 2nd quarter worth approximately $50,000. Institutional investors own 89.92% of the company’s stock.
Vertiv Stock Down 1.7%
VRT stock opened at $314.29 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.15 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $120.72 billion, a PE ratio of 78.97, a PEG ratio of 1.38 and a beta of 2.09. Vertiv Holdings Co. has a 1-year low of $104.71 and a 1-year high of $379.93. The business’s 50 day simple moving average is $304.93 and its 200 day simple moving average is $234.12.
Vertiv Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Tuesday, March 17th were issued a dividend of $0.0625 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. Vertiv’s payout ratio is presently 6.28%.
Insider Buying and Selling
In other Vertiv news, Director Edward L. Monser sold 77,294 shares of the company’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $245.49, for a total value of $18,974,904.06. Following the transaction, the director directly owned 16,500 shares of the company’s stock, valued at $4,050,585. This represents a 82.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the company. Barclays boosted their price target on Vertiv from $345.00 to $412.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Mizuho set a $380.00 price target on Vertiv in a research report on Thursday, May 21st. Bank of America boosted their price target on Vertiv from $370.00 to $440.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. The Goldman Sachs Group boosted their price target on Vertiv from $277.00 to $311.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Finally, TD Cowen boosted their price target on Vertiv from $347.00 to $387.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $322.32.
Get Our Latest Stock Report on VRT
Vertiv Company Profile
Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.
The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.
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