400 Shares in Vertiv Holdings Co (NYSE:VRT) Acquired by City Holding Co.

City Holding Co. bought a new stake in shares of Vertiv Holdings Co (NYSE:VRT) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 400 shares of the company’s stock, valued at approximately $45,000.

Other institutional investors have also added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV raised its holdings in Vertiv by 166.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 11,730 shares of the company’s stock worth $1,015,000 after purchasing an additional 7,327 shares during the period. Amalgamated Bank raised its stake in shares of Vertiv by 18.2% in the second quarter. Amalgamated Bank now owns 24,195 shares of the company’s stock worth $2,095,000 after buying an additional 3,734 shares during the period. Blair William & Co. IL lifted its position in shares of Vertiv by 97.3% during the 2nd quarter. Blair William & Co. IL now owns 6,857 shares of the company’s stock valued at $594,000 after buying an additional 3,382 shares in the last quarter. Intech Investment Management LLC grew its stake in shares of Vertiv by 72.1% during the 2nd quarter. Intech Investment Management LLC now owns 32,898 shares of the company’s stock valued at $2,848,000 after acquiring an additional 13,784 shares during the period. Finally, Bridges Investment Management Inc. purchased a new stake in Vertiv in the 2nd quarter worth approximately $232,000. 89.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VRT has been the topic of several analyst reports. Jefferies Financial Group began coverage on shares of Vertiv in a report on Monday, October 7th. They set a “buy” rating and a $125.00 price target on the stock. Evercore ISI dropped their target price on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday. JPMorgan Chase & Co. raised their price target on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Fox Advisors assumed coverage on Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating for the company. Finally, Bank of America lifted their target price on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Vertiv currently has a consensus rating of “Moderate Buy” and an average price target of $141.75.

Vertiv Price Performance

VRT stock opened at $135.94 on Tuesday. Vertiv Holdings Co has a 52 week low of $49.67 and a 52 week high of $145.67. The firm has a market capitalization of $51.02 billion, a P/E ratio of 90.63, a price-to-earnings-growth ratio of 0.99 and a beta of 1.63. The company has a fifty day simple moving average of $126.07 and a two-hundred day simple moving average of $103.68. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the business posted $0.52 earnings per share. The firm’s revenue was up 19.0% on a year-over-year basis. Analysts anticipate that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were given a $0.0375 dividend. The ex-dividend date 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 0.11%. Vertiv’s dividend payout ratio (DPR) is currently 6.67%.

Insiders Place Their Bets

In related news, insider Anand Sanghi sold 30,914 shares of the company’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 transaction, the insider now directly owns 19,448 shares in the company, valued at approximately $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 accessible through this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction 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 sold 171,527 shares of company stock valued at $23,105,682 over the last three months. 5.01% of the stock is owned by company insiders.

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.