Vertiv Holdings Co (NYSE:VRT) Shares Purchased by Sigma Planning Corp

Sigma Planning Corp boosted its position in Vertiv Holdings Co (NYSE:VRT) by 36.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,480 shares of the company’s stock after buying an additional 6,799 shares during the quarter. Sigma Planning Corp’s holdings in Vertiv were worth $2,895,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in VRT. SOA Wealth Advisors LLC. acquired a new position in Vertiv in the 4th quarter worth $26,000. Global Trust Asset Management LLC acquired a new position in Vertiv in the 3rd quarter worth $30,000. Mark Sheptoff Financial Planning LLC lifted its holdings in Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after buying an additional 200 shares in the last quarter. Brooklyn Investment Group acquired a new position in Vertiv in the 3rd quarter worth $30,000. Finally, OLD Second National Bank of Aurora acquired a new position in Vertiv in the 4th quarter worth $30,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insiders Place Their Bets

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the transaction, the executive vice president now owns 19,551 shares in the company, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their position. 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 dated 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 transaction, the director now owns 25,000 shares of the company’s stock, valued at approximately $3,409,750. This trade represents a 60.72 % decrease in their position. The disclosure for this sale can be found here. 5.01% of the stock is owned by insiders.

Vertiv Price Performance

VRT opened at $95.92 on Friday. The firm has a market cap of $36.00 billion, a price-to-earnings ratio of 74.93, a price-to-earnings-growth ratio of 1.07 and a beta of 1.64. Vertiv Holdings Co has a fifty-two week low of $61.25 and a fifty-two week high of $155.84. The company’s 50-day moving average price is $120.90 and its 200 day moving average price is $109.74. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.15. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. During the same quarter last year, the business earned $0.56 EPS. As a group, sell-side analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on VRT. Citigroup boosted 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. TD Cowen upped their target price on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Morgan Stanley started coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price on the stock. The Goldman Sachs Group upped their target price on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Mizuho upped their target price on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Vertiv currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.57.

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.