Chicago Capital LLC Has $12.53 Million Position in Vertiv Holdings Co (NYSE:VRT)

Chicago Capital LLC lifted its stake in Vertiv Holdings Co (NYSE:VRT) by 585.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 110,286 shares of the company’s stock after purchasing an additional 94,195 shares during the period. Chicago Capital LLC’s holdings in Vertiv were worth $12,530,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of VRT. Jennison Associates LLC boosted its stake in Vertiv by 10,825.0% in the third quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock valued at $457,695,000 after acquiring an additional 4,558,306 shares during the last quarter. Wellington Management Group LLP boosted its stake in Vertiv by 271.0% in the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after acquiring an additional 2,860,181 shares during the last quarter. Castle Hook Partners LP boosted its stake in Vertiv by 215.6% in the third quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock valued at $185,492,000 after acquiring an additional 1,273,746 shares during the last quarter. Whale Rock Capital Management LLC bought a new position in Vertiv in the third quarter valued at approximately $110,517,000. Finally, Blue Whale Capital LLP bought a new position in Vertiv in the third quarter valued at approximately $93,481,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insider Transactions at Vertiv

In other Vertiv news, Director Jakki L. Haussler sold 15,347 shares of the business’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 $470,526.50. The trade was a 81.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $141.46, for a total transaction 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 $2,751,114.08. This represents a 61.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 171,527 shares of company stock worth $23,105,682 in the last ninety days. Insiders own 5.01% of the company’s stock.

Vertiv Stock Up 2.2 %

Vertiv stock opened at $117.14 on Monday. The firm has a market capitalization of $43.97 billion, a PE ratio of 78.10, a P/E/G ratio of 0.92 and a beta of 1.64. The company’s 50-day moving average is $125.62 and its 200-day moving average is $106.13. Vertiv Holdings Co has a fifty-two week low of $55.00 and a fifty-two week high of $155.84. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were paid a dividend of $0.0375 per share. The ex-dividend date was Tuesday, December 3rd. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a dividend yield of 0.13%. Vertiv’s payout ratio is currently 6.67%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group raised their price objective on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Fox Advisors initiated coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating on the stock. UBS Group initiated coverage on shares of Vertiv in a research report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. Finally, Barclays initiated coverage on shares of Vertiv in a research report on Thursday, December 12th. They set an “equal weight” rating and a $142.00 price target on the stock. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.36.

Vertiv Company 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.