Encompass More Asset Management Grows Stock Position in Vertiv Holdings Co (NYSE:VRT)

Encompass More Asset Management grew its position in shares of Vertiv Holdings Co (NYSE:VRT) by 19.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,145 shares of the company’s stock after purchasing an additional 667 shares during the quarter. Encompass More Asset Management’s holdings in Vertiv were worth $471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in VRT. Anchor Investment Management LLC bought a new position in Vertiv during the second quarter worth about $26,000. Krane Funds Advisors LLC bought a new position in Vertiv in the 3rd quarter worth approximately $29,000. Global Trust Asset Management LLC purchased a new position in Vertiv in the 3rd quarter valued at approximately $30,000. Mark Sheptoff Financial Planning LLC raised its holdings in Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares during the period. Finally, Brooklyn Investment Group bought a new position in shares of Vertiv in the third quarter worth $30,000. Institutional investors own 89.92% of the company’s stock.

Vertiv Price Performance

Shares of VRT stock opened at $152.43 on Friday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. The firm has a market cap of $57.21 billion, a P/E ratio of 102.66, a P/E/G ratio of 1.16 and a beta of 1.63. The business’s 50 day moving average price is $127.76 and its 200-day moving average price is $104.99. Vertiv Holdings Co has a fifty-two week low of $52.40 and a fifty-two week high of $155.26.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 55.33% and a net margin of 7.72%. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 earnings per share. On average, equities research analysts anticipate 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. Investors of record on Tuesday, December 3rd were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.15 annualized dividend and a yield of 0.10%. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s payout ratio is presently 6.67%.

Insider Buying and Selling at Vertiv

In other news, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction on 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 transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jan Van Dokkum sold 38,647 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the sale, the director now directly owns 25,000 shares in the company, valued at $3,409,750. This trade represents a 60.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 171,527 shares of company stock valued at $23,105,682. Corporate insiders own 5.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VRT. Morgan Stanley started coverage on Vertiv in a research note on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective on the stock. Fox Advisors initiated coverage on Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating on the stock. Oppenheimer raised their price objective on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Evercore ISI decreased 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, Barclays started coverage on shares of Vertiv in a research 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 MarketBeat, Vertiv currently has a consensus rating of “Moderate Buy” and an average target price of $141.75.

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.