Leavell Investment Management Inc. Acquires Shares of 2,465 Vertiv Holdings Co (NYSE:VRT)

Leavell Investment Management Inc. bought a new position in Vertiv Holdings Co (NYSE:VRT) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,465 shares of the company’s stock, valued at approximately $280,000.

Several other institutional investors also recently modified their holdings of the business. Jennison Associates LLC grew its stake in Vertiv by 10,825.0% in the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock valued at $457,695,000 after purchasing an additional 4,558,306 shares during the period. Wellington Management Group LLP grew its position in Vertiv by 271.0% during the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock valued at $389,548,000 after buying an additional 2,860,181 shares during the period. Castle Hook Partners LP increased its holdings in Vertiv by 215.6% during the third quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock worth $185,492,000 after buying an additional 1,273,746 shares during the last quarter. Whale Rock Capital Management LLC bought a new stake in Vertiv in the third quarter worth about $110,517,000. Finally, Blue Whale Capital LLP bought a new position in shares of Vertiv during the 3rd quarter valued at approximately $93,481,000. 89.92% of the stock is owned by institutional investors.

Vertiv Stock Down 1.0 %

Shares of NYSE:VRT opened at $108.18 on Friday. The firm has a fifty day moving average price of $123.37 and a two-hundred day moving average price of $108.12. The company has a market cap of $40.60 billion, a price-to-earnings ratio of 72.12, a PEG ratio of 0.94 and a beta of 1.64. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. Vertiv Holdings Co has a one year low of $55.00 and a one year high of $155.84.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping 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 quarter in the previous year, the business earned $0.56 earnings per share. Analysts anticipate 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. Shareholders of record on Tuesday, December 3rd were given a dividend of $0.0375 per share. The ex-dividend date was Tuesday, December 3rd. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 0.14%. Vertiv’s payout ratio is presently 6.67%.

Wall Street Analysts Forecast Growth

VRT has been the topic of a number of research reports. Bank of America lifted their price target on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. UBS Group began coverage on Vertiv in a research report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target on the stock. The Goldman Sachs Group lifted their price objective on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. upped their price objective on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Finally, TD Cowen lifted their target price on shares of Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Vertiv presently has an average rating of “Moderate Buy” and a consensus price target of $138.57.

Insiders Place Their Bets

In other news, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction dated 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 directly owns 19,551 shares in the company, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 19,448 shares of the company’s stock, valued at $2,751,114.08. The trade was a 61.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 171,527 shares of company stock valued at $23,105,682 in the last quarter. Corporate insiders own 5.01% of the company’s stock.

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.