Magnus Financial Group LLC Acquires New Shares in Vertiv Holdings Co (NYSE:VRT)

Magnus Financial Group LLC acquired a new position in shares of Vertiv Holdings Co (NYSE:VRT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,135 shares of the company’s stock, valued at approximately $243,000.

Other institutional investors have also added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV raised its position in Vertiv by 166.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 11,730 shares of the company’s stock valued at $1,015,000 after purchasing an additional 7,327 shares during the last quarter. Blair William & Co. IL raised its holdings in Vertiv by 97.3% in 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 during the last quarter. Frank Rimerman Advisors LLC bought a new position in Vertiv in the 2nd quarter valued at approximately $282,000. Bank of Montreal Can boosted its position in Vertiv by 41.0% during the 2nd quarter. Bank of Montreal Can now owns 156,531 shares of the company’s stock worth $14,365,000 after buying an additional 45,525 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Vertiv by 60.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 69,495 shares of the company’s stock worth $6,016,000 after acquiring an additional 26,231 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on VRT. Fox Advisors initiated coverage on shares of Vertiv in a report on Monday, January 6th. They set an “equal weight” rating on the stock. UBS Group assumed coverage on Vertiv in a research report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target on the stock. Citigroup raised their price objective on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Evercore ISI reduced their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Finally, Barclays started coverage on shares of Vertiv in a report on Thursday, December 12th. They set an “equal weight” rating and a $142.00 price target for the company. 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $141.75.

Vertiv Stock Up 3.3 %

Vertiv stock opened at $153.47 on Friday. The company has a market capitalization of $57.60 billion, a PE ratio of 102.31, a PEG ratio of 1.12 and a beta of 1.63. The firm’s fifty day moving average is $127.11 and its 200 day moving average is $104.65. 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 Holdings Co has a 12-month low of $52.40 and a 12-month high of $155.26.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The firm’s revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 EPS. As a group, sell-side analysts predict that Vertiv Holdings Co will post 2.7 EPS for the current fiscal year.

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were given a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.10%. This is a boost from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 3rd. Vertiv’s dividend payout ratio (DPR) is currently 6.67%.

Insider Activity

In related 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Stephen Liang sold 86,619 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the transaction, the executive vice president now owns 19,551 shares of the company’s stock, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 171,527 shares of company stock valued at $23,105,682. Corporate insiders own 5.01% of the company’s stock.

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.