Ibex Wealth Advisors Acquires 6,989 Shares of Vertiv Holdings Co (NYSE:VRT)

Ibex Wealth Advisors raised its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 10.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,739 shares of the company's stock after purchasing an additional 6,989 shares during the period. Ibex Wealth Advisors' holdings in Vertiv were worth $5,324,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of VRT. Prestige Wealth Management Group LLC increased its position in Vertiv by 2.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company's stock worth $420,000 after purchasing an additional 85 shares in the last quarter. Horizon Investment Services LLC boosted its position in Vertiv by 4.1% during the 4th quarter. Horizon Investment Services LLC now owns 2,410 shares of the company's stock worth $274,000 after purchasing an additional 95 shares during the period. Focus Partners Advisor Solutions LLC boosted its position in Vertiv by 3.1% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company's stock worth $367,000 after purchasing an additional 97 shares during the period. Utah Retirement Systems boosted its holdings in Vertiv by 0.3% in the 4th quarter. Utah Retirement Systems now owns 39,300 shares of the company's stock worth $4,465,000 after acquiring an additional 100 shares during the period. Finally, Wahed Invest LLC boosted its position in Vertiv by 1.2% in the 4th quarter. Wahed Invest LLC now owns 8,798 shares of the company's stock valued at $1,000,000 after buying an additional 105 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on VRT shares. Citigroup reduced their price target on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. The Goldman Sachs Group raised their price objective on Vertiv from $106.00 to $122.00 and gave the stock a "buy" rating in a research note on Tuesday. Barclays reduced their price objective on Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. Roth Capital raised shares of Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Finally, Morgan Stanley cut their target price 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. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $124.69.

Insider Buying and Selling at Vertiv

In other Vertiv news, EVP Stephen Liang sold 43,683 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $115.83, for a total value 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 approximately $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 accessible through this hyperlink. Also, insider Karsten Winther sold 5,500 shares of the business'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 completion of the transaction, the insider now directly owns 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. Corporate insiders own 2.63% of the company's stock.

Vertiv Stock Down 3.2%

VRT stock traded down $3.72 during trading hours on Friday, hitting $110.78. The company's stock had a trading volume of 5,895,502 shares, compared to its average volume of 8,711,215. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $42.22 billion, a PE ratio of 86.55, a price-to-earnings-growth 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. The stock has a 50 day moving average price of $94.49 and a two-hundred day moving average price of $103.99.

Vertiv (NYSE:VRT - Get Free Report) last posted its 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. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The company's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 earnings per share. On average, equities research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

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.