Certuity LLC Trims Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Certuity LLC lowered its position in shares of Vertiv Holdings Co (NYSE:VRT) by 18.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,128 shares of the company’s stock after selling 478 shares during the quarter. Certuity LLC’s holdings in Vertiv were worth $242,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. SOA Wealth Advisors LLC. bought a new position in shares of Vertiv in the 4th quarter worth about $26,000. Krane Funds Advisors LLC purchased a new stake in Vertiv in the third quarter worth about $29,000. Global Trust Asset Management LLC bought a new position in shares of Vertiv during the third quarter valued at approximately $30,000. Mark Sheptoff Financial Planning LLC lifted its holdings in shares of Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Vertiv in the 3rd quarter worth approximately $30,000. Institutional investors own 89.92% of the company’s stock.

Vertiv Price Performance

Shares of VRT opened at $109.38 on Friday. The firm has a fifty day simple moving average of $123.88 and a two-hundred day simple moving average of $108.11. The firm has a market cap of $41.06 billion, a PE ratio of 72.92, a P/E/G ratio of 0.94 and a beta of 1.64. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. Vertiv Holdings Co has a 1-year low of $55.00 and a 1-year high of $155.84.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. During the same quarter in the previous year, the firm earned $0.56 earnings per share. On average, equities analysts anticipate that Vertiv Holdings Co will post 2.7 EPS 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 issued a $0.0375 dividend. This is an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. Vertiv’s dividend payout ratio (DPR) is presently 6.67%.

Insider Activity at Vertiv

In related news, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the transaction, the insider now directly owns 19,448 shares in the company, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jakki L. Haussler sold 15,347 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total value of $2,108,370.86. Following the completion of the sale, the director now owns 3,425 shares of the company’s stock, valued at approximately $470,526.50. The trade was a 81.75 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is owned by company insiders.

Analysts Set New Price Targets

VRT has been the subject of a number of analyst reports. Fox Advisors assumed coverage on Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating for the company. Morgan Stanley started coverage on Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target for the company. TD Cowen increased their price objective on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Evercore ISI reduced their price objective on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Finally, UBS Group initiated coverage on shares of Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Vertiv has an average rating of “Moderate Buy” and a consensus price target of $138.57.

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.