Quantum Private Wealth LLC Grows Stock Position in Vertiv Holdings Co (NYSE:VRT)

Quantum Private Wealth LLC lifted its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 9.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 5,938 shares of the company’s stock after acquiring an additional 500 shares during the period. Quantum Private Wealth LLC’s holdings in Vertiv were worth $675,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of VRT. SOA Wealth Advisors LLC. purchased a new stake in Vertiv during the 4th quarter worth approximately $26,000. OLD Second National Bank of Aurora acquired a new stake in shares of Vertiv during the fourth quarter worth $30,000. Global Trust Asset Management LLC purchased a new stake in shares of Vertiv during the third quarter valued at $30,000. Mark Sheptoff Financial Planning LLC increased its position in shares of Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares during the period. Finally, FNY Investment Advisers LLC purchased a new position in Vertiv in the 4th quarter worth $34,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Price Performance

Shares of Vertiv stock opened at $108.18 on Friday. The firm has a market cap of $40.60 billion, a PE ratio of 72.12, a P/E/G ratio of 0.94 and a beta of 1.64. Vertiv Holdings Co has a twelve month low of $55.00 and a twelve month high of $155.84. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The business has a 50-day moving average price of $122.86 and a 200 day moving average price of $108.58.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates 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 earned $0.56 earnings per share. Sell-side analysts predict that Vertiv Holdings Co will post 2.7 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.14%. This is an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 3rd. Vertiv’s dividend payout ratio (DPR) is presently 7.81%.

Analyst Ratings Changes

Several research firms have weighed in on VRT. UBS Group started coverage on Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target on the stock. TD Cowen increased their price target on shares of Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Melius cut shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a research note on Tuesday, January 28th. Citigroup increased their price objective on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Mizuho boosted their target price on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $138.57.

Insider Activity

In related news, insider Anand Sanghi sold 30,914 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $141.46, for a total value of $4,373,094.44. Following the transaction, the insider now directly owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. This trade represents a 61.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jakki L. Haussler sold 15,347 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total value of $2,108,370.86. Following the sale, the director now owns 3,425 shares of the company’s stock, valued at approximately $470,526.50. This trade represents a 81.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 171,527 shares of company stock worth $23,105,682 over the last 90 days. 5.01% of the stock is currently owned by company insiders.

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.