Nkcfo LLC Lowers Holdings in Vertiv Holdings Co (NYSE:VRT)

Nkcfo LLC lowered its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 93.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,000 shares of the company’s stock after selling 14,000 shares during the period. Nkcfo LLC’s holdings in Vertiv were worth $114,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Sheaff Brock Investment Advisors LLC purchased a new position in Vertiv during the fourth quarter valued at approximately $298,000. Principal Securities Inc. grew its stake in shares of Vertiv by 71.1% during the 4th quarter. Principal Securities Inc. now owns 5,128 shares of the company’s stock worth $583,000 after purchasing an additional 2,131 shares during the period. Quantum Private Wealth LLC increased its holdings in shares of Vertiv by 9.2% during the 4th quarter. Quantum Private Wealth LLC now owns 5,938 shares of the company’s stock valued at $675,000 after purchasing an additional 500 shares in the last quarter. bLong Financial LLC acquired a new position in shares of Vertiv in the 4th quarter valued at $222,000. Finally, Seascape Capital Management boosted its holdings in Vertiv by 2.4% during the fourth quarter. Seascape Capital Management now owns 31,057 shares of the company’s stock worth $3,528,000 after buying an additional 734 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Buying and Selling at Vertiv

In other news, insider Anand Sanghi sold 30,914 shares of the company’s 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 transaction, the insider now 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jan Van Dokkum sold 38,647 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 25,000 shares of the company’s stock, valued at $3,409,750. The trade was a 60.72 % decrease in their ownership of the stock. 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. 5.01% of the stock is owned by insiders.

Vertiv Trading Down 1.0 %

Shares of Vertiv stock opened at $108.18 on Friday. Vertiv Holdings Co has a 1-year low of $55.00 and a 1-year 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. The stock has a market cap of $40.60 billion, a P/E ratio of 72.12, a P/E/G ratio of 0.94 and a beta of 1.64. The stock’s 50 day simple moving average is $122.86 and its 200-day simple moving average is $108.58.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the company posted $0.56 earnings per share. Analysts predict that Vertiv Holdings Co will post 2.7 EPS for the current fiscal year.

Vertiv Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend 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 payout ratio is 7.81%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on VRT shares. Barclays decreased their price objective on shares of Vertiv from $142.00 to $131.00 and set an “equal weight” rating for the company in a research report on Thursday. Melius Research reiterated a “hold” rating and set a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. TD Cowen upped their target price on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Oppenheimer lifted their price target on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Finally, The Goldman Sachs Group boosted their price target on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Four 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.com, the company has an average rating of “Moderate Buy” and an average target price of $138.57.

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.