Vertiv Holdings Co (NYSE:VRT) Shares Sold by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC decreased its position in Vertiv Holdings Co (NYSE:VRT) by 26.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,835 shares of the company’s stock after selling 1,720 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Vertiv were worth $549,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Leavell Investment Management Inc. acquired a new stake in Vertiv in the fourth quarter valued at approximately $280,000. Compound Global Advisors LLC acquired a new stake in Vertiv in the fourth quarter valued at approximately $284,000. Peterson Wealth Services acquired a new stake in Vertiv in the fourth quarter valued at approximately $771,000. Stonebridge Financial Group LLC acquired a new stake in Vertiv in the fourth quarter valued at approximately $3,052,000. Finally, Focus Financial Network Inc. raised its holdings in Vertiv by 4.4% in the fourth quarter. Focus Financial Network Inc. now owns 3,292 shares of the company’s stock valued at $374,000 after acquiring an additional 138 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VRT. Barclays cut their price objective on shares of Vertiv from $142.00 to $131.00 and set an “equal weight” rating on the stock in a report on Thursday. Citigroup raised their price objective on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Evercore ISI cut their price objective on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. JPMorgan Chase & Co. raised their price objective on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Finally, Melius cut shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Vertiv has a consensus rating of “Moderate Buy” and a consensus target price of $138.57.

Vertiv Stock Performance

NYSE:VRT opened at $108.18 on Friday. The firm’s fifty day moving average price is $123.37 and its 200 day moving average price is $108.12. Vertiv Holdings Co has a 1-year low of $55.00 and a 1-year high of $155.84. 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 firm has a market cap of $40.60 billion, a price-to-earnings ratio of 72.12, a price-to-earnings-growth ratio of 0.94 and a beta of 1.64.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. During the same period last year, the business posted $0.56 EPS. On average, sell-side analysts expect that Vertiv Holdings Co will post 2.7 EPS for the current year.

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were given a dividend of $0.0375 per share. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. The ex-dividend date was Tuesday, December 3rd. Vertiv’s payout ratio is presently 6.67%.

Insiders Place Their Bets

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the sale, 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 position. The sale 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 business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the sale, the director now owns 3,425 shares in the company, valued at $470,526.50. The trade was a 81.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 171,527 shares of company stock worth $23,105,682. Corporate insiders own 5.01% of the company’s stock.

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.