Colonial Trust Co SC Grows Holdings in Vertiv Holdings Co (NYSE:VRT)

Colonial Trust Co SC grew its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 211.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 315 shares of the company’s stock after buying an additional 214 shares during the quarter. Colonial Trust Co SC’s holdings in Vertiv were worth $36,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Cetera Investment Advisers lifted its stake in Vertiv by 36.5% during the fourth quarter. Cetera Investment Advisers now owns 216,767 shares of the company’s stock worth $24,627,000 after purchasing an additional 57,965 shares during the last quarter. Brevan Howard Capital Management LP bought a new stake in Vertiv in the 4th quarter worth approximately $1,515,000. Captrust Financial Advisors grew its position in Vertiv by 31.3% during the fourth quarter. Captrust Financial Advisors now owns 72,554 shares of the company’s stock valued at $8,243,000 after acquiring an additional 17,276 shares during the last quarter. Caxton Associates LP purchased a new position in shares of Vertiv during the fourth quarter worth approximately $483,000. Finally, Baldwin Investment Management LLC lifted its holdings in shares of Vertiv by 66.8% in the 4th quarter. Baldwin Investment Management LLC now owns 32,538 shares of the company’s stock worth $3,697,000 after acquiring an additional 13,029 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on VRT shares. The Goldman Sachs Group decreased their target price on shares of Vertiv from $135.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Evercore ISI lowered their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Roth Capital upgraded Vertiv to a “strong-buy” rating in a research report on Monday, April 7th. Cowen reissued a “buy” rating on shares of Vertiv in a research note on Thursday, April 24th. Finally, Roth Mkm began coverage on shares of Vertiv in a research note on Tuesday, April 8th. They issued a “buy” rating and a $75.00 target price on the stock. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Vertiv has a consensus rating of “Moderate Buy” and a consensus target price of $120.38.

Vertiv Trading Down 1.6 %

Shares of NYSE VRT opened at $94.17 on Friday. Vertiv Holdings Co has a 1 year low of $53.60 and a 1 year high of $155.84. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The firm has a 50-day moving average of $80.47 and a 200 day moving average of $106.26. The stock has a market cap of $35.89 billion, a P/E ratio of 73.57, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The business’s revenue was up 24.2% on a year-over-year basis. During the same period last year, the business earned $0.43 earnings per share. As a group, sell-side analysts expect that Vertiv Holdings Co will post 3.59 EPS 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 given a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.16%. The ex-dividend date was Tuesday, March 18th. Vertiv’s dividend payout ratio is presently 8.72%.

Insider Buying and Selling

In other Vertiv news, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction dated Friday, May 9th. The shares were 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 of the company’s stock, valued at approximately $1,777,837.51. The trade was a 22.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.63% of the stock is currently owned by company insiders.

About Vertiv

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.