Stephens Inc. AR Purchases 1,485 Shares of Vertiv Holdings Co (NYSE:VRT)

Stephens Inc. AR raised its position in shares of Vertiv Holdings Co (NYSE:VRT) by 26.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,163 shares of the company’s stock after purchasing an additional 1,485 shares during the period. Stephens Inc. AR’s holdings in Vertiv were worth $814,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Silverleafe Capital Partners LLC bought a new position in shares of Vertiv in the 4th quarter worth $4,219,000. Foundations Investment Advisors LLC raised its position in shares of Vertiv by 7.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock worth $21,076,000 after acquiring an additional 13,559 shares in the last quarter. Whittier Trust Co. raised its position in shares of Vertiv by 7.2% in the 3rd quarter. Whittier Trust Co. now owns 127,210 shares of the company’s stock worth $12,656,000 after acquiring an additional 8,579 shares in the last quarter. Janney Capital Management LLC bought a new position in shares of Vertiv in the 3rd quarter worth $8,403,000. Finally, Gordian Capital Singapore Pte Ltd raised its position in shares of Vertiv by 112.5% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock worth $846,000 after acquiring an additional 4,500 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

VRT has been the subject of several recent research reports. TD Cowen boosted their price target on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research report 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 price target for the company. Fox Advisors began coverage on Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating on the stock. Evercore ISI reduced their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Finally, UBS Group began coverage on Vertiv in a research report on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Vertiv currently has an average rating of “Moderate Buy” and an average price target of $138.57.

Insider Transactions at Vertiv

In other news, insider Anand Sanghi sold 30,914 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value of $4,373,094.44. Following the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the sale, the executive vice president now owns 19,551 shares in the company, valued at $2,562,549.57. The trade was a 81.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 171,527 shares of company stock worth $23,105,682 over the last quarter. 5.01% of the stock is currently owned by insiders.

Vertiv Stock Down 1.7 %

Vertiv stock opened at $109.38 on Friday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. The business’s 50-day simple moving average is $123.88 and its two-hundred day simple moving average is $108.11. The company has a market cap of $41.06 billion, a PE ratio of 72.92, a PEG ratio of 0.94 and a beta of 1.64. Vertiv Holdings Co has a fifty-two week low of $55.00 and a fifty-two week high of $155.84.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm posted $0.56 EPS. Equities analysts anticipate that Vertiv Holdings Co will post 2.7 EPS for the current year.

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were paid a $0.0375 dividend. This is an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. 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.