Strategic Global Advisors LLC Grows Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Strategic Global Advisors LLC grew its stake in Vertiv Holdings Co (NYSE:VRT) by 4.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,188 shares of the company’s stock after acquiring an additional 1,415 shares during the period. Strategic Global Advisors LLC’s holdings in Vertiv were worth $3,998,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. SOA Wealth Advisors LLC. bought a new position in Vertiv in the fourth quarter worth approximately $26,000. OLD Second National Bank of Aurora purchased a new stake in shares of Vertiv in the 4th quarter worth $30,000. Tradewinds Capital Management LLC grew its position in shares of Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after buying an additional 111 shares in the last quarter. Pittenger & Anderson Inc. increased its stake in shares of Vertiv by 92.0% during the fourth 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 increased its stake in shares of Vertiv by 211.9% during the fourth 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 owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on VRT shares. Barclays lowered their price objective on shares of Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a research note on Friday, April 4th. Morgan Stanley lowered their price target on shares of Vertiv from $140.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. increased their price objective on shares of Vertiv from $100.00 to $127.00 and gave the company an “overweight” rating in a research note on Friday. Cowen reissued a “buy” rating on shares of Vertiv in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group lowered their target price on Vertiv from $135.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.06.

Insider Activity

In related news, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction that occurred on 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 sale, the insider now directly owns 18,847 shares in the company, valued at $1,777,837.51. This trade represents a 22.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.01% of the company’s stock.

Vertiv Price Performance

NYSE VRT opened at $106.01 on Friday. The firm’s fifty day simple moving average is $82.70 and its two-hundred day simple moving average is $106.00. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a 12-month low of $53.60 and a 12-month high of $155.84. The firm has a market capitalization of $40.40 billion, a P/E ratio of 82.82, a P/E/G ratio of 1.07 and a beta of 1.70.

Vertiv (NYSE:VRT) last posted its quarterly earnings data 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 firm had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter last year, the firm earned $0.43 EPS. The business’s quarterly revenue was up 24.2% on a year-over-year basis. Analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.0375 per share. 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 payout ratio 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.