Mosaic Advisors LLC Makes New $691,000 Investment in Vertiv Holdings Co (NYSE:VRT)

Mosaic Advisors LLC bought a new position in Vertiv Holdings Co (NYSE:VRT) in the 4th quarter, Holdings Channel.com reports. The firm bought 14,379 shares of the company’s stock, valued at approximately $691,000. Vertiv makes up 0.4% of Mosaic Advisors LLC’s portfolio, making the stock its 13th biggest holding.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. First Horizon Advisors Inc. grew its stake in Vertiv by 161.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 662 shares of the company’s stock valued at $25,000 after purchasing an additional 409 shares in the last quarter. Clearstead Advisors LLC bought a new stake in shares of Vertiv in the 3rd quarter worth approximately $38,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Vertiv during the 4th quarter valued at $38,000. TFC Financial Management Inc. bought a new stake in Vertiv during the 4th quarter valued at $42,000. Finally, Huntington National Bank raised its stake in shares of Vertiv by 299.1% in the 3rd quarter. Huntington National Bank now owns 1,329 shares of the company’s stock worth $49,000 after buying an additional 996 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Stock Up 4.1 %

NYSE VRT traded up $3.10 on Tuesday, reaching $79.17. The stock had a trading volume of 7,299,664 shares, compared to its average volume of 7,629,343. The business has a 50 day moving average price of $74.63 and a 200 day moving average price of $56.40. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 1.45. Vertiv Holdings Co has a 1 year low of $12.20 and a 1 year high of $88.69. The company has a market capitalization of $30.24 billion, a price-to-earnings ratio of 66.74, a P/E/G ratio of 1.19 and a beta of 1.59.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. Vertiv had a return on equity of 39.46% and a net margin of 6.71%. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the previous year, the firm earned $0.28 earnings per share. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. On average, analysts forecast that Vertiv Holdings Co will post 2.36 EPS for the current fiscal year.

Vertiv Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were paid a dividend of $0.025 per share. The ex-dividend date was Monday, March 18th. This represents a $0.10 annualized dividend and a yield of 0.13%. Vertiv’s dividend payout ratio is 8.47%.

Insider Activity

In related news, EVP Stephen Liang sold 306,196 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the sale, the executive vice president now directly owns 51,841 shares in the company, valued at approximately $3,641,311.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Stephen Liang sold 306,196 shares of the 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 transaction, the executive vice president now owns 51,841 shares of the company’s stock, valued at approximately $3,641,311.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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.

Wall Street Analyst Weigh In

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

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.