SeaCrest Wealth Management LLC boosted its holdings in shares of Vertiv Holdings Co (NYSE:VRT – Free Report) by 35.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,858 shares of the company’s stock after acquiring an additional 5,712 shares during the period. SeaCrest Wealth Management LLC’s holdings in Vertiv were worth $2,483,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Krane Funds Advisors LLC acquired a new stake in shares of Vertiv in the third quarter valued at approximately $29,000. Anchor Investment Management LLC acquired a new stake in shares of Vertiv in the 2nd quarter worth $26,000. Global Trust Asset Management LLC purchased a new position in shares of Vertiv during the 3rd quarter worth $30,000. Mark Sheptoff Financial Planning LLC boosted its position in shares of Vertiv by 200.0% during 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 last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Vertiv in the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 89.92% of the company’s stock.
Wall Street Analyst Weigh In
VRT has been the subject of several analyst reports. Oppenheimer increased their price target on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Morgan Stanley began coverage on Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price on the stock. Barclays assumed coverage on Vertiv in a report on Thursday, December 12th. They set an “equal weight” rating and a $142.00 price target for the company. Evercore ISI boosted their price objective on shares of Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, UBS Group assumed coverage on shares of Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price for the company. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $140.92.
Vertiv Stock Performance
Shares of VRT stock opened at $128.67 on Wednesday. Vertiv Holdings Co has a 52 week low of $48.86 and a 52 week high of $145.67. The firm has a 50 day moving average of $125.42 and a two-hundred day moving average of $102.74. 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 stock has a market capitalization of $48.29 billion, a PE ratio of 85.78, a P/E/G ratio of 1.29 and a beta of 1.63.
Vertiv (NYSE:VRT – Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the business posted $0.52 earnings per share. Vertiv’s revenue was up 19.0% compared to the same quarter last year. On average, research analysts predict that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.
Vertiv Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. This is a positive change 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 is presently 6.67%.
Insider Activity at Vertiv
In related news, Director Jan Van Dokkum sold 38,647 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the completion of the sale, the director now owns 25,000 shares in the company, valued at $3,409,750. The trade was a 60.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now owns 19,448 shares in the company, valued at $2,751,114.08. This represents a 61.38 % 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 valued at $23,105,682 over the last 90 days. 5.01% of the stock is 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.
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