Steph & Co. Sells 1,556 Shares of Vertiv Holdings Co (NYSE:VRT)

Steph & Co. lessened its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 21.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,603 shares of the company’s stock after selling 1,556 shares during the quarter. Steph & Co.’s holdings in Vertiv were worth $269,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. increased its stake in Vertiv by 161.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 662 shares of the company’s stock worth $25,000 after acquiring an additional 409 shares during the last quarter. Clear Street Markets LLC bought a new stake in Vertiv in the 4th quarter worth approximately $27,000. Brown Brothers Harriman & Co. increased its stake in Vertiv by 648.5% in the 1st quarter. Brown Brothers Harriman & Co. now owns 2,500 shares of the company’s stock worth $35,000 after acquiring an additional 2,166 shares during the last quarter. Clearstead Advisors LLC bought a new stake in Vertiv in the 3rd quarter worth approximately $38,000. Finally, TFC Financial Management Inc. bought a new stake in Vertiv in the 4th quarter worth approximately $42,000. Institutional investors own 89.92% of the company’s stock.

Insiders Place Their Bets

In other Vertiv news, EVP Stephen Liang sold 306,196 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $70.24, for a total value of $21,507,207.04. Following the completion of the sale, the executive vice president now directly owns 51,841 shares in the company, valued at approximately $3,641,311.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP Stephen Liang sold 306,196 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the transaction, the executive vice president now directly owns 51,841 shares of the company’s stock, valued at approximately $3,641,311.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Scott Cripps sold 56,594 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $70.76, for a total value of $4,004,591.44. The disclosure for this sale can be found here. Company insiders own 5.62% of the company’s stock.

Analyst Ratings Changes

VRT has been the topic of a number of research reports. Mizuho lifted their price objective on Vertiv from $50.00 to $56.00 and gave the stock a “neutral” rating in a research note on Thursday, February 22nd. Bank of America lifted their price objective on Vertiv from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Evercore ISI lifted their target price on Vertiv from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, April 5th. Oppenheimer initiated coverage on Vertiv in a report on Friday, April 5th. They issued an “outperform” rating and a $96.00 target price for the company. Finally, Citigroup lifted their target price on Vertiv from $69.00 to $102.00 and gave the stock a “buy” rating in a report on Monday, April 8th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Vertiv has an average rating of “Moderate Buy” and an average target price of $74.56.

Vertiv Trading Down 0.6 %

VRT traded down $0.48 during trading hours on Wednesday, reaching $81.88. 6,142,111 shares of the company’s stock traded hands, compared to its average volume of 7,490,151. The firm has a 50-day moving average price of $73.29 and a 200 day moving average price of $55.26. Vertiv Holdings Co has a 52-week low of $11.95 and a 52-week high of $88.69. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $31.28 billion, a PE ratio of 69.75, a PEG ratio of 1.28 and a beta of 1.59.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. Vertiv had a return on equity of 39.46% and a net margin of 6.71%. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the previous year, the business earned $0.28 EPS. Vertiv’s revenue was up 12.7% compared to the same quarter last year. As a group, sell-side analysts predict that Vertiv Holdings Co will post 2.36 EPS for the current fiscal year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.12%. The ex-dividend date was Monday, March 18th. Vertiv’s dividend payout ratio is 8.47%.

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.