Arkadios Wealth Advisors Has $1.22 Million Stake in Vertiv Holdings Co. (NYSE:VRT)

Key Points

• Arkadios Wealth Advisors increased its stake in Vertiv Holdings Co. by 170.1%, owning 16,841 shares valued at approximately $1.22 million after purchasing an additional 10,605 shares in Q1.
• Insider sales included Karsten Winther selling 5,500 shares for about $518,815, decreasing his position by 22.59%, while Stephen Liang sold 43,683 shares worth approximately $5.06 million, reducing his ownership by 82.06%.
• Multiple analysts have upgraded price targets for Vertiv, with Mizuho and JPMorgan raising targets to $150, and an average target of $144.06 suggests a strong interest in the company's stock among analysts.

Arkadios Wealth Advisors boosted its position in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 170.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,841 shares of the company's stock after buying an additional 10,605 shares during the period. Arkadios Wealth Advisors' holdings in Vertiv were worth $1,216,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Ibex Wealth Advisors raised its holdings in shares of Vertiv by 10.5% during the first quarter. Ibex Wealth Advisors now owns 73,739 shares of the company's stock valued at $5,324,000 after purchasing an additional 6,989 shares during the period. Gallo Partners LP acquired a new position in shares of Vertiv during the fourth quarter valued at about $1,826,000. Viking Fund Management LLC raised its holdings in shares of Vertiv by 123.5% during the first quarter. Viking Fund Management LLC now owns 38,000 shares of the company's stock valued at $2,744,000 after purchasing an additional 21,000 shares during the period. Geode Capital Management LLC raised its holdings in shares of Vertiv by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock valued at $688,260,000 after purchasing an additional 99,181 shares during the period. Finally, Outlook Wealth Advisors LLC acquired a new position in shares of Vertiv during the first quarter valued at about $475,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Insider Buying and Selling

In other news, insider Karsten Winther sold 5,500 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the completion of the transaction, the insider directly owned 18,847 shares of the company's stock, valued at $1,777,837.51. This represents a 22.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the transaction, the executive vice president directly owned 9,551 shares of the company's stock, valued at $1,106,292.33. This represents a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.63% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. KGI Securities assumed coverage on shares of Vertiv in a report on Thursday, April 24th. They set a "hold" rating on the stock. Mizuho raised their price objective on shares of Vertiv from $125.00 to $150.00 and gave the company an "outperform" rating in a research note on Wednesday, July 16th. JPMorgan Chase & Co. raised their price objective on shares of Vertiv from $127.00 to $150.00 and gave the company an "overweight" rating in a research note on Thursday. Citigroup upped their target price on shares of Vertiv from $130.00 to $149.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Finally, Melius upgraded shares of Vertiv from a "hold" rating to a "buy" rating and set a $165.00 target price on the stock in a report on Tuesday, July 8th. Three analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $144.06.

Vertiv Stock Performance

Shares of VRT opened at $141.66 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.28 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $53.99 billion, a price-to-earnings ratio of 67.78, a PEG ratio of 1.36 and a beta of 1.77. The stock has a 50 day moving average of $122.46 and a 200 day moving average of $104.87. Vertiv Holdings Co. has a 12 month low of $53.60 and a 12 month high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.12. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. Vertiv had a return on equity of 51.64% and a net margin of 8.93%. Vertiv's revenue was up 35.1% on a year-over-year basis. During the same period last year, the business posted $0.67 earnings per share. As a group, sell-side analysts forecast that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a dividend yield of 14.0%. This is an increase from Vertiv's previous dividend of $0.01. Vertiv's payout ratio is currently 7.18%.

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.

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