Vertiv Holdings Co (NYSE:VRT) Shares Sold by Elite Wealth Management Inc.

Elite Wealth Management Inc. lowered its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 110,518 shares of the company’s stock after selling 5,590 shares during the quarter. Vertiv accounts for about 1.6% of Elite Wealth Management Inc.’s portfolio, making the stock its 8th largest position. Elite Wealth Management Inc.’s holdings in Vertiv were worth $12,556,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Silverleafe Capital Partners LLC purchased a new stake in shares of Vertiv in the 4th quarter valued at approximately $4,219,000. Foundations Investment Advisors LLC increased its holdings in Vertiv by 7.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock valued at $21,076,000 after buying an additional 13,559 shares during the last quarter. Empowered Funds LLC raised its stake in Vertiv by 67.0% in the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock valued at $1,043,000 after buying an additional 3,682 shares in the last quarter. Janney Capital Management LLC purchased a new stake in Vertiv during the 3rd quarter worth about $8,403,000. Finally, Gordian Capital Singapore Pte Ltd boosted its position in shares of Vertiv by 112.5% during the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock worth $846,000 after acquiring an additional 4,500 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Price Performance

Vertiv stock opened at $95.92 on Friday. Vertiv Holdings Co has a 12 month low of $61.25 and a 12 month high of $155.84. The stock has a market capitalization of $36.00 billion, a PE ratio of 74.93, a price-to-earnings-growth ratio of 1.10 and a beta of 1.64. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The business has a 50 day simple moving average of $120.90 and a 200-day simple moving average of $109.46.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same period in the previous year, the company posted $0.56 earnings per share. Equities analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Insider Buying and Selling at Vertiv

In other news, Director Jan Van Dokkum sold 38,647 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $136.39, for a total value of $5,271,064.33. Following the sale, the director now directly owns 25,000 shares in the company, valued at $3,409,750. This represents a 60.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the sale, the executive vice president now directly owns 19,551 shares in the company, valued at $2,562,549.57. This represents a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.01% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Melius Research reissued a “hold” rating and set a $125.00 target price on shares of Vertiv in a research report on Tuesday, January 28th. Oppenheimer boosted their price objective on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Morgan Stanley initiated coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price for the company. JPMorgan Chase & Co. lifted their price target on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 19th. Finally, Citigroup upped their price objective on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $138.57.

Vertiv 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.