Ibex Wealth Advisors Raises Stake in Vertiv Holdings Co (NYSE:VRT)

Ibex Wealth Advisors boosted its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 10.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,739 shares of the company's stock after purchasing an additional 6,989 shares during the quarter. Ibex Wealth Advisors' holdings in Vertiv were worth $5,324,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Tradewinds Capital Management LLC increased its holdings in shares of Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock valued at $33,000 after acquiring an additional 111 shares during the period. Pittenger & Anderson Inc. grew its stake in Vertiv by 92.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock valued at $36,000 after purchasing an additional 150 shares during the last quarter. Colonial Trust Co SC grew its stake 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 last quarter. Ameriflex Group Inc. bought a new stake in shares of Vertiv in the 4th quarter valued at about $37,000. Finally, TD Private Client Wealth LLC grew its position in shares of Vertiv by 150.7% in the 4th quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock worth $42,000 after buying an additional 223 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

Vertiv Price Performance

NYSE VRT traded down $3.40 on Tuesday, hitting $108.60. The company had a trading volume of 7,565,048 shares, compared to its average volume of 8,738,926. 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 company's fifty day moving average price is $90.68 and its 200-day moving average price is $104.19. The company has a market capitalization of $41.39 billion, a PE ratio of 84.84, a PEG ratio of 1.07 and a beta of 1.73. 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 released its earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. The business 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%. The company's quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.43 earnings per share. As a group, analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Stephen Liang sold 43,683 shares of Vertiv stock in a transaction that occurred 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 sale, the executive vice president now directly owns 9,551 shares of the company's stock, valued at $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Karsten Winther sold 5,500 shares of the firm's stock in a transaction on 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 in the company, valued at $1,777,837.51. The trade was a 22.59% decrease in their position. The disclosure for this sale can be found here. 2.63% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Roth Capital upgraded Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Morgan Stanley lowered their price objective on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Cowen restated a "buy" rating on shares of Vertiv in a research note on Thursday, April 24th. Royal Bank of Canada assumed coverage on Vertiv in a research note on Friday, March 7th. They set an "outperform" rating and a $121.00 price target on the stock. Finally, Citigroup decreased their target price on Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a report on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Vertiv currently has an average rating of "Moderate Buy" and an average price target of $124.69.

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.