Sunbelt Securities Inc. Increases Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Sunbelt Securities Inc. raised its stake in Vertiv Holdings Co (NYSE:VRT) by 13.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,533 shares of the company’s stock after purchasing an additional 1,862 shares during the quarter. Sunbelt Securities Inc.’s holdings in Vertiv were worth $1,804,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv in the 4th quarter valued at approximately $26,000. OLD Second National Bank of Aurora acquired a new stake in shares of Vertiv in the 4th quarter valued at approximately $30,000. Tradewinds Capital Management LLC lifted its holdings in shares of Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after buying an additional 111 shares during the period. Pittenger & Anderson Inc. lifted its holdings in shares of Vertiv by 92.0% in the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock valued at $36,000 after buying an additional 150 shares during the period. Finally, Colonial Trust Co SC lifted its holdings in shares of Vertiv by 211.9% in the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company’s stock valued at $36,000 after buying an additional 214 shares during the period. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VRT has been the subject of several recent analyst reports. Barclays reduced their price target on Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a report on Friday, April 4th. Roth Mkm assumed coverage on Vertiv in a research report on Tuesday, April 8th. They set a “buy” rating and a $75.00 target price on the stock. Roth Capital upgraded Vertiv to a “strong-buy” rating in a research report on Monday, April 7th. Cowen reiterated a “buy” rating on shares of Vertiv in a research report on Thursday, April 24th. Finally, Royal Bank of Canada assumed coverage on Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Vertiv currently has a consensus rating of “Moderate Buy” and an average target price of $122.06.

Insider Transactions at Vertiv

In related news, insider Karsten Winther sold 5,500 shares of the company’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $94.33, for a total value of $518,815.00. Following the completion of the transaction, the insider now directly owns 18,847 shares in the company, valued at approximately $1,777,837.51. This represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.63% of the company’s stock.

Vertiv Stock Performance

NYSE VRT opened at $104.08 on Friday. Vertiv Holdings Co has a fifty-two week low of $53.60 and a fifty-two week high of $155.84. The stock has a market cap of $39.67 billion, a price-to-earnings ratio of 81.31, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. The business has a fifty day moving average of $84.59 and a 200-day moving average of $105.89. 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 results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the firm posted $0.43 earnings per share. The business’s revenue for the quarter was up 24.2% compared to the same quarter last year. As a group, analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were issued a $0.0375 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. Vertiv’s dividend payout ratio (DPR) is 8.72%.

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.