Vertiv Holdings Co (NYSE:VRT) Shares Bought by Stephens Inc. AR

Stephens Inc. AR increased its holdings in Vertiv Holdings Co (NYSE:VRT) by 26.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,163 shares of the company’s stock after purchasing an additional 1,485 shares during the quarter. Stephens Inc. AR’s holdings in Vertiv were worth $814,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of VRT. Entropy Technologies LP raised its holdings in shares of Vertiv by 35.2% during the fourth quarter. Entropy Technologies LP now owns 43,044 shares of the company’s stock valued at $4,890,000 after acquiring an additional 11,205 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Vertiv by 67.0% during the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock valued at $1,043,000 after acquiring an additional 3,682 shares during the last quarter. Wilmington Savings Fund Society FSB raised its holdings in shares of Vertiv by 17.3% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,881 shares of the company’s stock valued at $782,000 after acquiring an additional 1,016 shares during the last quarter. Kingsview Wealth Management LLC raised its holdings in shares of Vertiv by 60.7% during the fourth quarter. Kingsview Wealth Management LLC now owns 5,873 shares of the company’s stock valued at $667,000 after acquiring an additional 2,219 shares during the last quarter. Finally, Apollon Wealth Management LLC raised its holdings in shares of Vertiv by 14.8% during the fourth quarter. Apollon Wealth Management LLC now owns 11,363 shares of the company’s stock valued at $1,291,000 after acquiring an additional 1,469 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Morgan Stanley assumed coverage on Vertiv in a report on Monday, January 6th. They set an “overweight” rating and a $150.00 target price for the company. Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a report on Tuesday, January 28th. Bank of America increased their price target on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 24th. The Goldman Sachs Group increased their price target on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Fox Advisors started coverage on Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating for the company. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.57.

Vertiv Trading Down 1.7 %

Shares of Vertiv stock opened at $109.38 on Friday. The firm has a market capitalization of $41.06 billion, a price-to-earnings ratio of 72.92, a PEG ratio of 0.94 and a beta of 1.64. The stock has a 50 day moving average of $123.88 and a 200 day moving average of $108.11. Vertiv Holdings Co has a fifty-two week low of $55.00 and a fifty-two week high of $155.84. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the firm posted $0.56 earnings per share. As a group, research analysts predict that Vertiv Holdings Co will post 2.7 earnings per share for the current year.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. Vertiv’s dividend payout ratio (DPR) is presently 6.67%.

Insider Transactions at Vertiv

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction dated 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 completion of the sale, the insider now directly owns 19,448 shares of the company’s stock, valued at $2,751,114.08. The trade was a 61.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the sale, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 171,527 shares of company stock valued at $23,105,682. Insiders own 5.01% of the company’s stock.

Vertiv Company Profile

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.