Peregrine Investment Management Inc. Makes New Investment in Vertiv Holdings Co (NYSE:VRT)

Peregrine Investment Management Inc. purchased a new stake in Vertiv Holdings Co (NYSE:VRT) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 37,190 shares of the company’s stock, valued at approximately $4,225,000. Vertiv makes up 2.5% of Peregrine Investment Management Inc.’s holdings, making the stock its 19th biggest holding.

Other large investors also recently made changes to their positions in the company. SOA Wealth Advisors LLC. bought a new stake in Vertiv in the 4th quarter valued at approximately $26,000. Global Trust Asset Management LLC bought a new stake in shares of Vertiv in the third quarter worth $30,000. Mark Sheptoff Financial Planning LLC boosted its holdings in Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the last quarter. Brooklyn Investment Group bought a new position in Vertiv in the third quarter valued at $30,000. Finally, OLD Second National Bank of Aurora acquired a new stake in Vertiv in the 4th quarter valued at $30,000. Institutional investors own 89.92% of the company’s stock.

Insiders Place Their Bets

In other Vertiv news, Director Jan Van Dokkum sold 38,647 shares of the firm’s stock in a transaction on 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 owns 25,000 shares of the company’s stock, valued at approximately $3,409,750. This trade represents a 60.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were 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 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 quarter. Corporate insiders own 5.01% of the company’s stock.

Analysts Set New Price Targets

VRT has been the subject of a number of recent research reports. Fox Advisors began coverage on shares of Vertiv in a research note on Monday, January 6th. They set an “equal weight” rating for the company. The Goldman Sachs Group boosted their price target on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. TD Cowen increased their price objective on Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Evercore ISI lowered their target price on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Finally, Citigroup increased their price target on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 9th. 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.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $138.57.

Vertiv Trading Down 1.0 %

Shares of NYSE:VRT opened at $108.18 on Friday. Vertiv Holdings Co has a 12-month low of $55.00 and a 12-month high of $155.84. The business has a 50 day moving average of $122.86 and a 200-day moving average of $108.58. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The stock has a market cap of $40.60 billion, a PE ratio of 72.12, a P/E/G ratio of 0.94 and a beta of 1.64.

Vertiv (NYSE:VRT) last issued its quarterly earnings data 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 period last year, the business posted $0.56 EPS. As a group, equities 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. Shareholders of record on Tuesday, December 3rd were issued a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. This is an increase from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s payout ratio is currently 7.81%.

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.