Global Assets Advisory LLC Has $422,000 Holdings in Vertiv Holdings Co. (NYSE:VRT)

Global Assets Advisory LLC increased its stake in shares of Vertiv Holdings Co. (NYSE:VRT) by 253.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,000 shares of the company’s stock after purchasing an additional 4,303 shares during the period. Global Assets Advisory LLC’s holdings in Vertiv were worth $422,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Sound View Wealth Advisors Group LLC bought a new position in Vertiv during the fourth quarter worth about $1,218,000. Schroder Investment Management Group lifted its holdings in Vertiv by 95.3% during the fourth quarter. Schroder Investment Management Group now owns 1,167,536 shares of the company’s stock worth $135,621,000 after acquiring an additional 569,722 shares in the last quarter. Bedell Frazier Investment Counselling LLC bought a new position in Vertiv during the fourth quarter worth about $415,000. Charles Schwab Investment Management Inc. lifted its holdings in Vertiv by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,746,111 shares of the company’s stock worth $198,376,000 after acquiring an additional 45,917 shares in the last quarter. Finally, Ibex Wealth Advisors lifted its holdings in Vertiv by 10.5% during the first quarter. Ibex Wealth Advisors now owns 73,739 shares of the company’s stock worth $5,324,000 after acquiring an additional 6,989 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Stock Performance

VRT opened at $121.73 on Thursday. Vertiv Holdings Co. has a 52-week low of $53.60 and a 52-week high of $155.84. The firm has a market capitalization of $46.39 billion, a PE ratio of 70.77, a PEG ratio of 1.23 and a beta of 1.73. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.28 and a current ratio of 1.72. The business’s 50-day simple moving average is $102.29 and its 200 day simple moving average is $103.41.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the company posted $0.43 earnings per share. Vertiv’s revenue was up 24.2% on a year-over-year basis. As a group, sell-side analysts expect that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, June 17th will be issued a dividend of $0.0375 per share. This represents a yield of 0.14%. The ex-dividend date is Monday, June 16th. This is a positive change from Vertiv’s previous dividend of $0.01. Vertiv’s dividend payout ratio is presently 8.72%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Evercore ISI reiterated an “outperform” rating and set a $150.00 target price (up from $100.00) on shares of Vertiv in a report on Tuesday, May 27th. Cowen reiterated a “buy” rating on shares of Vertiv in a report on Thursday, April 24th. Royal Bank Of Canada started coverage on Vertiv in a report on Friday, March 7th. They set an “outperform” rating and a $121.00 target price on the stock. Morgan Stanley cut their price target on Vertiv from $140.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Finally, Citigroup boosted their price target on Vertiv from $98.00 to $130.00 and gave the company a “buy” rating in a report on Monday, June 16th. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Vertiv currently has an average rating of “Moderate Buy” and a consensus price target of $126.69.

Insider Buying and Selling

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 18,847 shares in the company, valued at $1,777,837.51. This represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Stephen Liang sold 43,683 shares of the company’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $115.83, for a total value of $5,059,801.89. Following the completion of the sale, the executive vice president now owns 9,551 shares in the company, valued at $1,106,292.33. This represents a 82.06% decrease in their position. The disclosure for this sale can be found here. 2.63% of the stock is currently owned by corporate insiders.

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.