Vertiv Holdings Co (NYSE:VRT) Shares Purchased by Virtue Capital Management LLC

Virtue Capital Management LLC boosted its position in Vertiv Holdings Co (NYSE:VRT) by 4.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,750 shares of the company’s stock after purchasing an additional 689 shares during the quarter. Virtue Capital Management LLC’s holdings in Vertiv were worth $1,789,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. acquired a new position in Vertiv in the 4th quarter valued at about $26,000. OLD Second National Bank of Aurora purchased a new stake in Vertiv in the 4th quarter valued at about $30,000. Tradewinds Capital Management LLC grew its holdings in Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after buying an additional 111 shares during the period. Pittenger & Anderson Inc. grew its holdings in Vertiv by 92.0% in the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock valued at $36,000 after buying an additional 150 shares during the period. Finally, Colonial Trust Co SC grew its holdings in Vertiv by 211.9% in the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company’s stock valued at $36,000 after buying an additional 214 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on VRT shares. Morgan Stanley lowered their price target on Vertiv from $140.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Melius Research restated a “hold” rating and issued a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. Roth Capital upgraded Vertiv to a “strong-buy” rating in a report on Monday, April 7th. Barclays lowered their price target on Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a report on Friday, April 4th. Finally, Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a report on Tuesday, January 28th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.06.

Vertiv Stock Down 0.1%

Shares of NYSE:VRT opened at $104.08 on Monday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. Vertiv Holdings Co has a 1 year low of $53.60 and a 1 year high of $155.84. The stock has a market capitalization of $39.67 billion, a P/E ratio of 81.31, a PEG ratio of 1.07 and a beta of 1.70. The stock has a 50-day simple moving average of $84.59 and a 200-day simple moving average of $105.67.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. Vertiv’s revenue for the quarter was up 24.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 EPS. Equities analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.14%. The ex-dividend date was Tuesday, March 18th. Vertiv’s dividend payout ratio (DPR) is presently 8.72%.

Insider Buying and Selling

In related news, insider Karsten Winther sold 5,500 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $94.33, for a total transaction of $518,815.00. Following the transaction, the insider now directly owns 18,847 shares of the company’s stock, valued at approximately $1,777,837.51. The trade was a 22.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.63% of the stock is currently owned by corporate insiders.

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.