Captrust Financial Advisors Boosts Holdings in Vertiv Holdings Co (NYSE:VRT)

Captrust Financial Advisors increased its holdings in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 31.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,554 shares of the company's stock after acquiring an additional 17,276 shares during the period. Captrust Financial Advisors' holdings in Vertiv were worth $8,243,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in VRT. Caxton Associates LP bought a new stake in shares of Vertiv in the fourth quarter worth approximately $483,000. Baldwin Investment Management LLC lifted its holdings in shares of Vertiv by 66.8% during the 4th quarter. Baldwin Investment Management LLC now owns 32,538 shares of the company's stock valued at $3,697,000 after buying an additional 13,029 shares during the period. Beck Bode LLC purchased a new position in shares of Vertiv in the 4th quarter worth $617,000. Bearing Point Capital LLC bought a new stake in shares of Vertiv in the fourth quarter worth $921,000. Finally, Benjamin Edwards Inc. increased its position in Vertiv by 21.2% during the fourth quarter. Benjamin Edwards Inc. now owns 2,558 shares of the company's stock valued at $291,000 after acquiring an additional 448 shares during the last quarter. Institutional investors own 89.92% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on VRT shares. Evercore ISI cut their price target on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, January 17th. Roth Capital raised shares of Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Morgan Stanley lowered their price target on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. 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 price objective for the company. Finally, Melius Research restated a "hold" rating and set a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $120.38.

Vertiv Trading Down 1.6 %

Shares of VRT stock traded down $1.57 on Friday, hitting $94.17. The stock had a trading volume of 6,364,741 shares, compared to its average volume of 9,011,833. The company's 50 day moving average price is $80.47 and its 200-day moving average price is $106.26. 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 market capitalization of $35.89 billion, a P/E ratio of 73.57, a P/E/G ratio of 1.07 and a beta of 1.70.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the firm posted $0.43 earnings per share. The company's quarterly revenue was up 24.2% compared to the same quarter last year. Analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued 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 yield of 0.16%. Vertiv's payout ratio is currently 8.72%.

Insider Transactions at Vertiv

In related news, insider Karsten Winther sold 5,500 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.33, for a total transaction of $518,815.00. Following the transaction, the insider now owns 18,847 shares of the company's stock, valued at $1,777,837.51. This trade represents a 22.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.63% of the company's stock.

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.