Vertiv Holdings Co (NYSE:VRT) is Zuckerman Investment Group LLC’s 3rd Largest Position

Zuckerman Investment Group LLC raised its holdings in Vertiv Holdings Co (NYSE:VRTGet Rating) by 2.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,326,450 shares of the company’s stock after buying an additional 63,561 shares during the period. Vertiv makes up approximately 4.2% of Zuckerman Investment Group LLC’s portfolio, making the stock its 3rd largest position. Zuckerman Investment Group LLC owned 0.62% of Vertiv worth $22,613,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in Vertiv by 32.8% in the 1st quarter. BlackRock Inc. now owns 18,988,356 shares of the company’s stock valued at $265,836,000 after buying an additional 4,693,256 shares during the period. FMR LLC lifted its position in shares of Vertiv by 26.3% during the 2nd quarter. FMR LLC now owns 18,474,773 shares of the company’s stock worth $151,862,000 after purchasing an additional 3,841,345 shares during the last quarter. Clearbridge Investments LLC lifted its position in shares of Vertiv by 1.7% during the 2nd quarter. Clearbridge Investments LLC now owns 14,334,266 shares of the company’s stock worth $117,828,000 after purchasing an additional 234,308 shares during the last quarter. Barclays PLC lifted its position in shares of Vertiv by 20.0% during the 3rd quarter. Barclays PLC now owns 12,352,766 shares of the company’s stock worth $120,070,000 after purchasing an additional 2,061,787 shares during the last quarter. Finally, Eminence Capital LP lifted its position in shares of Vertiv by 8.4% during the 2nd quarter. Eminence Capital LP now owns 11,115,746 shares of the company’s stock worth $91,371,000 after purchasing an additional 862,833 shares during the last quarter. Hedge funds and other institutional investors own 98.59% of the company’s stock.

Insider Buying and Selling at Vertiv

In other news, Director Joseph J. Deangelo purchased 71,600 shares of the company’s stock in a transaction dated Thursday, November 3rd. The shares were acquired at an average cost of $13.99 per share, for a total transaction of $1,001,684.00. Following the completion of the purchase, the director now directly owns 71,600 shares in the company, valued at approximately $1,001,684. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 9.95% of the stock is currently owned by company insiders.

Vertiv Price Performance

NYSE VRT traded down $0.62 during trading on Wednesday, reaching $14.63. The company’s stock had a trading volume of 382,456 shares, compared to its average volume of 2,412,735. The company has a current ratio of 1.62, a quick ratio of 1.18 and a debt-to-equity ratio of 2.54. Vertiv Holdings Co has a twelve month low of $7.76 and a twelve month high of $23.10. The business’s fifty day moving average price is $13.86 and its 200-day moving average price is $12.67.

Vertiv (NYSE:VRTGet Rating) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.47 billion. Vertiv had a net margin of 1.32% and a return on equity of 7.92%. On average, research analysts forecast that Vertiv Holdings Co will post 0.55 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th were paid a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, November 29th. This represents a yield of 0.1%. Vertiv’s dividend payout ratio is presently -16.66%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Vertiv from $15.00 to $17.00 in a research report on Thursday, October 27th. Wolfe Research raised shares of Vertiv from a “market perform” rating to an “outperform” rating and set a $18.00 price objective for the company in a research report on Thursday, December 1st. Mizuho lifted their price objective on shares of Vertiv from $10.00 to $13.00 and gave the stock a “neutral” rating in a research report on Friday, January 13th. Cowen raised shares of Vertiv from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $11.75 to $20.00 in a research report on Thursday, October 27th. Finally, Citigroup boosted their price target on shares of Vertiv from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, December 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Vertiv presently has an average rating of “Moderate Buy” and a consensus target price of $17.00.

Vertiv Profile

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Vertiv Holdings Co engages in the design, manufacture, and service of critical digital infrastructure technology that powers, cools, deploys, secures and maintains electronics that process, store and transmit data. It also offers power management products, thermal management products, integrated rack systems, modular solutions, and management systems for monitoring and controlling digital infrastructure.

See Also

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Institutional Ownership by Quarter for Vertiv (NYSE:VRT)

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