48,053 Shares in Vertiv Holdings Co (NYSE:VRT) Acquired by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. purchased a new position in shares of Vertiv Holdings Co (NYSE:VRT) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 48,053 shares of the company’s stock, valued at approximately $2,308,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisor Group Holdings Inc. increased its holdings in shares of Vertiv by 11.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 26,749 shares of the company’s stock valued at $375,000 after acquiring an additional 2,756 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Vertiv by 17.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 15,756 shares of the company’s stock valued at $221,000 after buying an additional 2,361 shares during the period. US Bancorp DE lifted its holdings in shares of Vertiv by 216.7% in the first quarter. US Bancorp DE now owns 21,756 shares of the company’s stock valued at $304,000 after buying an additional 14,886 shares during the period. Citigroup Inc. lifted its holdings in shares of Vertiv by 40.2% in the first quarter. Citigroup Inc. now owns 66,068 shares of the company’s stock valued at $925,000 after buying an additional 18,935 shares during the period. Finally, Bank of Montreal Can raised its position in shares of Vertiv by 450.1% during the first quarter. Bank of Montreal Can now owns 461,842 shares of the company’s stock worth $6,333,000 after purchasing an additional 377,884 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Vertiv

In other news, 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 value of $4,004,591.44. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Vertiv news, CAO Scott Cripps sold 56,594 shares of Vertiv stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $70.76, for a total transaction of $4,004,591.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Stephen Liang sold 306,196 shares of Vertiv stock in a transaction dated 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 approximately $3,641,311.84. The disclosure for this sale can be found here. 5.62% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on VRT shares. Mizuho boosted their target price on Vertiv from $50.00 to $56.00 and gave the stock a “neutral” rating in a research report on Thursday, February 22nd. Citigroup upped their price target on Vertiv from $69.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Evercore ISI increased their target price on Vertiv from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. JPMorgan Chase & Co. raised their price objective on Vertiv from $65.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Finally, Bank of America raised their price objective on Vertiv from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.56.

Vertiv Trading Up 3.2 %

VRT traded up $2.59 during mid-day trading on Tuesday, reaching $83.26. The stock had a trading volume of 5,519,452 shares, compared to its average volume of 7,489,357. The stock has a market capitalization of $31.80 billion, a P/E ratio of 68.31, a P/E/G ratio of 1.35 and a beta of 1.59. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.35 and a current ratio of 1.74. The firm’s fifty day simple moving average is $72.83 and its two-hundred day simple moving average is $54.94. Vertiv Holdings Co has a 52 week low of $11.95 and a 52 week high of $88.69.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.88 billion. Vertiv had a return on equity of 39.46% and a net margin of 6.71%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the company earned $0.28 EPS. On average, equities analysts predict that Vertiv Holdings Co will post 2.34 EPS for the current year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 19th were given a $0.025 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.10 annualized dividend and a dividend yield of 0.12%. Vertiv’s dividend payout ratio is currently 8.47%.

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.