Aubrey Capital Management Ltd Buys New Holdings in Vertiv Holdings Co (NYSE:VRT)

Aubrey Capital Management Ltd bought a new stake in Vertiv Holdings Co (NYSE:VRT) during the fourth quarter, HoldingsChannel reports. The fund bought 64,800 shares of the company’s stock, valued at approximately $3,112,000. Vertiv makes up about 1.3% of Aubrey Capital Management Ltd’s investment portfolio, making the stock its 21st largest position.

A number of other large investors have also recently bought and sold shares of VRT. First Horizon Advisors Inc. boosted its position in Vertiv by 161.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 662 shares of the company’s stock worth $25,000 after purchasing an additional 409 shares in the last quarter. GAMMA Investing LLC purchased a new stake in Vertiv in the 4th quarter worth approximately $26,000. Clearstead Advisors LLC purchased a new stake in Vertiv in the 3rd quarter worth approximately $38,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Vertiv in the 4th quarter worth approximately $38,000. Finally, TFC Financial Management Inc. purchased a new stake in Vertiv in the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on VRT shares. Mizuho upped their price objective on Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday. Citigroup upped their target price on Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday. Bank of America upped their target price on Vertiv from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. JPMorgan Chase & Co. upped their target price on Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Oppenheimer upped their target price on Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.11.

Vertiv Price Performance

NYSE VRT traded up $3.14 during mid-day trading on Friday, hitting $93.49. The stock had a trading volume of 15,253,921 shares, compared to its average volume of 9,615,165. The firm’s 50 day moving average is $76.51 and its 200 day moving average is $57.47. Vertiv Holdings Co has a twelve month low of $13.73 and a twelve month high of $95.32. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.74 and a quick ratio of 1.35. The stock has a market capitalization of $35.71 billion, a price-to-earnings ratio of 89.89, a PEG ratio of 1.44 and a beta of 1.59.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06. Vertiv had a return on equity of 42.43% and a net margin of 5.79%. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the prior year, the company earned $0.24 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. Equities research analysts forecast that Vertiv Holdings Co will post 2.35 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.11%. The ex-dividend date of this dividend was Monday, March 18th. Vertiv’s dividend payout ratio is currently 9.62%.

Insiders Place Their Bets

In other Vertiv news, EVP Stephen Liang sold 306,196 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was 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 of the company’s stock, valued at approximately $3,641,311.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Vertiv news, EVP Stephen Liang sold 306,196 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was 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 of the company’s stock, valued at approximately $3,641,311.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 disclosure for this sale can be found here. Corporate insiders own 5.62% 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.