Headlands Technologies LLC Takes $450,000 Position in Vertiv Holdings Co (NYSE:VRT)

Headlands Technologies LLC bought a new stake in shares of Vertiv Holdings Co (NYSE:VRT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,371 shares of the company’s stock, valued at approximately $450,000.

Several other hedge funds have also recently made changes to their positions in VRT. CWM LLC raised its position in shares of Vertiv by 90.5% during the 3rd quarter. CWM LLC now owns 4,231 shares of the company’s stock valued at $157,000 after buying an additional 2,010 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of Vertiv by 30.0% during the 3rd quarter. Global Retirement Partners LLC now owns 1,588 shares of the company’s stock valued at $61,000 after buying an additional 366 shares in the last quarter. Cannon Global Investment Management LLC purchased a new stake in Vertiv in the 3rd quarter worth about $542,000. Commonwealth Equity Services LLC purchased a new stake in Vertiv in the 3rd quarter worth about $2,241,000. Finally, Cambridge Investment Research Advisors Inc. raised its position in Vertiv by 5.6% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 48,099 shares of the company’s stock worth $1,789,000 after purchasing an additional 2,548 shares during the period. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Stock Up 3.5 %

Shares of NYSE VRT traded up $3.14 during midday trading on Friday, reaching $93.49. 15,253,921 shares of the company’s stock traded hands, compared to its average volume of 9,615,165. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 1.45. The stock’s 50 day simple moving average is $76.51 and its 200-day simple moving average is $57.47. Vertiv Holdings Co has a one year low of $13.73 and a one year high of $95.32. The company has a market cap of $35.71 billion, a price-to-earnings ratio of 89.89, a P/E/G ratio of 1.44 and a beta of 1.59.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. Vertiv had a net margin of 5.79% and a return on equity of 42.43%. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period last year, the firm earned $0.24 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts predict that Vertiv Holdings Co will post 2.35 EPS for the current fiscal year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th were paid a $0.025 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.10 annualized dividend and a yield of 0.11%. Vertiv’s dividend payout ratio (DPR) is 9.62%.

Insider Buying and Selling at Vertiv

In other Vertiv news, EVP Stephen Liang sold 306,196 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $70.24, for a total value of $21,507,207.04. Following the completion of the sale, the executive vice president now directly owns 51,841 shares in the company, valued at $3,641,311.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Vertiv news, EVP Stephen Liang sold 306,196 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $70.24, for a total value of $21,507,207.04. Following the completion of the transaction, the executive vice president now owns 51,841 shares of the company’s stock, valued at $3,641,311.84. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Scott Cripps sold 56,594 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $70.76, for a total transaction of $4,004,591.44. The disclosure for this sale can be found here. 5.62% of the stock is owned by insiders.

Analysts Set New Price Targets

VRT has been the topic of a number of recent analyst reports. Citigroup increased their price objective on shares of Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. increased their price objective on shares of Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday. Oppenheimer increased their price objective on shares of Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a research report on Thursday. Evercore ISI raised their target price on shares of Vertiv from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Mizuho raised their target price on shares of Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $81.11.

Vertiv 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.