Vertiv Holdings Co (NYSE:VRT) Shares Sold by Wolff Wiese Magana LLC

Wolff Wiese Magana LLC reduced its position in Vertiv Holdings Co (NYSE:VRT) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,831 shares of the company’s stock after selling 191 shares during the quarter. Wolff Wiese Magana LLC’s holdings in Vertiv were worth $1,458,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Anchor Investment Management LLC purchased a new position in shares of Vertiv in the 2nd quarter valued at $26,000. Krane Funds Advisors LLC acquired a new position in Vertiv during the 3rd quarter worth $29,000. Global Trust Asset Management LLC bought a new stake in shares of Vertiv in the 3rd quarter worth about $30,000. Mark Sheptoff Financial Planning LLC lifted its position in shares of Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in Vertiv in the third quarter worth about $30,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insider Transactions at Vertiv

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the business’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 sale, the executive vice president now directly owns 19,551 shares in the company, valued at approximately $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $4,373,094.44. Following the transaction, the insider now 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 disclosure for this sale can be found here. In the last three months, insiders sold 171,527 shares of company stock valued at $23,105,682. Company insiders own 5.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on VRT shares. Citigroup increased their target price on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. JPMorgan Chase & Co. boosted their target price on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. Evercore ISI raised their price target on shares of Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. The Goldman Sachs Group boosted their price objective on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, Morgan Stanley began coverage on shares of Vertiv in a report on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $140.92.

Vertiv Stock Performance

VRT opened at $131.84 on Wednesday. Vertiv Holdings Co has a twelve month low of $48.86 and a twelve month high of $145.67. The stock has a market cap of $49.48 billion, a PE ratio of 87.89, a price-to-earnings-growth ratio of 1.29 and a beta of 1.63. The business’s 50 day moving average is $125.42 and its 200-day moving average is $102.74. 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 (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 analysts’ consensus estimates of $0.69 by $0.07. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 EPS. On average, analysts predict that Vertiv Holdings Co will post 2.69 earnings per share 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 paid a dividend of $0.0375 per share. This is a boost from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 annualized dividend and a yield of 0.11%. Vertiv’s dividend payout ratio (DPR) 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.