Hennion & Walsh Asset Management Inc. Raises Holdings in Vertiv Holdings Co (NYSE:VRT)

Hennion & Walsh Asset Management Inc. boosted its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 18.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,693 shares of the company's stock after purchasing an additional 3,124 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in Vertiv were worth $1,422,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. SOA Wealth Advisors LLC. acquired a new stake in Vertiv during the 4th quarter valued at $26,000. Tradewinds Capital Management LLC raised its position in shares of Vertiv by 61.3% in 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 during the period. Pittenger & Anderson Inc. raised its position in shares of Vertiv by 92.0% in the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock worth $36,000 after buying an additional 150 shares during the period. Colonial Trust Co SC raised its position in Vertiv by 211.9% in the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company's stock valued at $36,000 after purchasing an additional 214 shares during the period. Finally, Ameriflex Group Inc. purchased a new position in Vertiv in the fourth quarter valued at about $37,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Trading Up 2.9%

Vertiv stock opened at $115.47 on Friday. The company's fifty day simple moving average is $89.98 and its 200-day simple moving average is $104.87. The company has a quick ratio of 1.02, a current ratio of 1.65 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 stock has a market cap of $44.01 billion, a P/E ratio of 90.21, a P/E/G ratio of 1.07 and a beta of 1.70.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. The firm had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. Vertiv's revenue for the quarter was up 24.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share. As a group, sell-side analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on VRT. KGI Securities began coverage on Vertiv in a research report on Thursday, April 24th. They issued a "hold" rating on the stock. The Goldman Sachs Group decreased their target price on Vertiv from $135.00 to $85.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Roth Mkm started coverage on Vertiv in a research report on Tuesday, April 8th. They set a "buy" rating and a $75.00 price objective for the company. Evercore ISI reissued an "outperform" rating and set a $150.00 target price (up previously from $100.00) on shares of Vertiv in a report on Tuesday, May 27th. Finally, JPMorgan Chase & Co. boosted their target price on Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Five 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 company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $122.38.

Insiders Place Their Bets

In related news, insider Karsten Winther sold 5,500 shares of the stock in a transaction dated 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 transaction, the insider now owns 18,847 shares of the company's stock, valued at $1,777,837.51. This represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Stephen Liang sold 43,683 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the completion of the transaction, the executive vice president now directly owns 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 disclosure for this sale can be found here. Company 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.

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