Traynor Capital Management Inc. Acquires 43,030 Shares of Vertiv Holdings Co (NYSE:VRT)

Traynor Capital Management Inc. raised its stake in Vertiv Holdings Co (NYSE:VRT) by 66.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 107,993 shares of the company’s stock after acquiring an additional 43,030 shares during the period. Vertiv makes up 0.8% of Traynor Capital Management Inc.’s portfolio, making the stock its 20th biggest position. Traynor Capital Management Inc.’s holdings in Vertiv were worth $12,269,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Magnus Financial Group LLC purchased a new stake in shares of Vertiv during the 4th quarter valued at about $243,000. Albion Financial Group UT boosted its stake in shares of Vertiv by 6.9% during the 4th quarter. Albion Financial Group UT now owns 108,687 shares of the company’s stock worth $12,348,000 after acquiring an additional 7,005 shares during the last quarter. Viking Fund Management LLC grew its position in shares of Vertiv by 13.3% during the 4th quarter. Viking Fund Management LLC now owns 17,000 shares of the company’s stock valued at $1,931,000 after acquiring an additional 2,000 shares during the period. Global Trust Asset Management LLC lifted its position in Vertiv by 96.7% during the fourth quarter. Global Trust Asset Management LLC now owns 590 shares of the company’s stock valued at $67,000 after purchasing an additional 290 shares in the last quarter. Finally, Sheets Smith Wealth Management purchased a new position in shares of Vertiv during the 4th quarter valued at about $647,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on VRT. Evercore ISI decreased their price target on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Barclays began coverage on Vertiv in a research note on Thursday, December 12th. They set an “equal weight” rating and a $142.00 price target for the company. The Goldman Sachs Group upped their price objective on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. UBS Group assumed coverage on shares of Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price for the company. Finally, JPMorgan Chase & Co. increased their price objective on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research report on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Vertiv presently has an average rating of “Moderate Buy” and a consensus price target of $141.75.

Vertiv Price Performance

NYSE VRT opened at $148.54 on Thursday. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The stock’s fifty day moving average price is $126.63 and its 200 day moving average price is $104.34. The company has a market cap of $55.75 billion, a price-to-earnings ratio of 99.03, a PEG ratio of 1.12 and a beta of 1.63. Vertiv Holdings Co has a 1 year low of $52.40 and a 1 year high of $154.79.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. Vertiv’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period last year, the firm posted $0.52 EPS. As a group, equities research analysts forecast that Vertiv Holdings Co will post 2.7 earnings per share for the current year.

Vertiv Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were issued a $0.0375 dividend. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 0.10%. The ex-dividend date of this dividend was Tuesday, December 3rd. Vertiv’s dividend payout ratio (DPR) is presently 6.67%.

Insider Activity at Vertiv

In other news, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction that occurred on 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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jan Van Dokkum sold 38,647 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $136.39, for a total value of $5,271,064.33. Following the completion of the sale, the director now owns 25,000 shares of the company’s stock, valued at approximately $3,409,750. The trade was a 60.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is owned by company insiders.

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.