Stratos Wealth Advisors LLC Invests $205,000 in Vertiv Holdings Co. (NYSE:VRT)

Stratos Wealth Advisors LLC bought a new position in Vertiv Holdings Co. (NYSE:VRT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,845 shares of the company's stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VRT. North Star Investment Management Corp. boosted its position in shares of Vertiv by 4,120.0% during the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock valued at $30,000 after acquiring an additional 412 shares during the last quarter. Colonial Trust Co SC lifted its position in Vertiv by 211.9% in the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after buying an additional 214 shares during the last quarter. Ameriflex Group Inc. bought a new stake in Vertiv in the fourth quarter worth $37,000. TD Private Client Wealth LLC lifted its position in Vertiv by 37.5% in the first quarter. TD Private Client Wealth LLC now owns 510 shares of the company's stock worth $37,000 after buying an additional 139 shares during the last quarter. Finally, Mizuho Securities Co. Ltd. bought a new stake in Vertiv in the first quarter worth $43,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Melius upgraded Vertiv from a "hold" rating to a "buy" rating and set a $165.00 price target for the company in a research report on Tuesday, July 8th. The Goldman Sachs Group lifted their target price on Vertiv from $106.00 to $122.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Wall Street Zen upgraded Vertiv from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 21st. Barclays lifted their target price on Vertiv from $90.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Finally, Citigroup raised their price target on Vertiv from $98.00 to $130.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Vertiv presently has an average rating of "Buy" and an average target price of $134.24.

Vertiv Price Performance

Shares of VRT stock traded up $2.69 during trading hours on Friday, hitting $123.41. 7,216,508 shares of the company's stock were exchanged, compared to its average volume of 8,618,671. The company has a quick ratio of 1.28, a current ratio of 1.72 and a debt-to-equity ratio of 1.09. The firm has a market cap of $47.03 billion, a P/E ratio of 40.29, a P/E/G ratio of 1.23 and a beta of 1.75. The firm has a 50 day moving average of $112.86 and a two-hundred day moving average of $103.65. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, beating 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 firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the company earned $0.43 EPS. The firm's revenue was up 24.2% compared to the same quarter last year. Sell-side analysts forecast that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 17th were paid a $0.0375 dividend. This is an increase from Vertiv's previous dividend of $0.01. This represents a yield of 0.14%. The ex-dividend date of this dividend was Monday, June 16th. Vertiv's dividend payout ratio is currently 8.72%.

Insiders Place Their Bets

In other Vertiv news, EVP Stephen Liang sold 43,683 shares of the firm's stock in a transaction on Friday, June 6th. The stock was 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 directly owned 9,551 shares of the company's stock, valued at $1,106,292.33. This trade represents a 82.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Karsten Winther sold 5,500 shares of the stock in a transaction 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 transaction, the insider owned 18,847 shares of the company's stock, valued at approximately $1,777,837.51. This represents a 22.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.01% of the stock is 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.