Hollow Brook Wealth Management LLC Has $4.16 Million Position in Vertiv Holdings Co (NYSE:VRT)

Hollow Brook Wealth Management LLC lifted its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 1.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 41,822 shares of the company’s stock after buying an additional 567 shares during the quarter. Vertiv comprises about 1.2% of Hollow Brook Wealth Management LLC’s investment portfolio, making the stock its 26th biggest position. Hollow Brook Wealth Management LLC’s holdings in Vertiv were worth $4,161,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. ORG Partners LLC boosted its holdings in Vertiv by 25.1% in the 3rd quarter. ORG Partners LLC now owns 458 shares of the company’s stock valued at $46,000 after purchasing an additional 92 shares during the period. Allworth Financial LP lifted its position in Vertiv by 18.6% during the third quarter. Allworth Financial LP now owns 638 shares of the company’s stock worth $63,000 after purchasing an additional 100 shares during the period. NBC Securities Inc. grew its stake in Vertiv by 0.9% during the third quarter. NBC Securities Inc. now owns 13,125 shares of the company’s stock worth $1,305,000 after buying an additional 112 shares in the last quarter. Nvwm LLC increased its holdings in Vertiv by 1.3% in the 3rd quarter. Nvwm LLC now owns 10,035 shares of the company’s stock valued at $998,000 after buying an additional 124 shares during the period. Finally, Callan Family Office LLC lifted its holdings in shares of Vertiv by 0.9% during the 3rd quarter. Callan Family Office LLC now owns 14,989 shares of the company’s stock worth $1,491,000 after acquiring an additional 137 shares during the period. Institutional investors own 89.92% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Stephen Liang sold 86,619 shares of the stock in a transaction on 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 transaction, the executive vice president now owns 19,551 shares of the company’s stock, valued at $2,562,549.57. This represents a 81.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jan Van Dokkum sold 38,647 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the sale, the director now directly owns 25,000 shares of the company’s stock, valued at $3,409,750. The trade was a 60.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 216,451 shares of company stock valued at $26,699,153 over the last ninety days. 5.01% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

VRT has been the subject of several recent analyst reports. Citigroup upped their price objective on Vertiv from $134.00 to $141.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. TD Cowen increased their price target on Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Jefferies Financial Group began coverage on Vertiv in a research note on Monday, October 7th. They set a “buy” rating and a $125.00 price target on the stock. Oppenheimer raised their price objective on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, Evercore ISI upped their price target on shares of Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $138.50.

Vertiv Trading Up 0.5 %

VRT opened at $128.28 on Monday. The company has a fifty day moving average price of $114.87 and a two-hundred day moving average price of $96.26. The company has a market cap of $48.15 billion, a P/E ratio of 85.07, a price-to-earnings-growth ratio of 1.31 and a beta of 1.58. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. Vertiv Holdings Co has a 1-year low of $43.66 and a 1-year high of $145.67.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the company posted $0.52 earnings per share. Vertiv’s revenue was up 19.0% compared to the same quarter last year. Analysts predict that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be paid a $0.0375 dividend. This is an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, December 3rd. This represents a $0.15 annualized dividend and a yield of 0.12%. Vertiv’s dividend payout ratio is presently 6.67%.

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.