Kera Capital Partners Inc. boosted its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 3.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,637 shares of the company's stock after purchasing an additional 2,631 shares during the quarter. Vertiv comprises about 1.5% of Kera Capital Partners Inc.'s portfolio, making the stock its 21st biggest position. Kera Capital Partners Inc.'s holdings in Vertiv were worth $5,028,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC increased its holdings in Vertiv by 67.0% during the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock valued at $1,043,000 after buying an additional 3,682 shares during the period. Ibex Wealth Advisors purchased a new position in shares of Vertiv in the 4th quarter valued at $7,583,000. PFG Investments LLC bought a new position in shares of Vertiv in the 4th quarter worth $617,000. Alta Wealth Advisors LLC purchased a new stake in shares of Vertiv during the 4th quarter worth $490,000. Finally, Sound View Wealth Advisors Group LLC purchased a new stake in shares of Vertiv during the 4th quarter worth $1,218,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Vertiv
In other Vertiv news, insider Karsten Winther sold 5,500 shares of the business's 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 completion of the transaction, the insider now directly owns 18,847 shares in the company, valued at approximately $1,777,837.51. The trade was a 22.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.63% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the stock. Roth Mkm initiated coverage on shares of Vertiv in a research report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price objective on the stock. Royal Bank of Canada started coverage on shares of Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price target on the stock. Morgan Stanley reduced their price target on Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Roth Capital raised Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Finally, Evercore ISI reissued an "outperform" rating and issued a $150.00 price target (up previously from $100.00) on shares of Vertiv in a report on Tuesday. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Vertiv has a consensus rating of "Moderate Buy" and an average target price of $122.38.
Read Our Latest Stock Report on VRT
Vertiv Price Performance
Shares of Vertiv stock traded down $0.73 during trading on Friday, reaching $107.74. The company's stock had a trading volume of 6,931,195 shares, compared to its average volume of 8,949,659. The business has a 50 day moving average price of $86.34 and a 200-day moving average price of $105.34. The company has a market capitalization of $41.06 billion, a P/E ratio of 84.17, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. 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.
Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the firm earned $0.43 EPS. The company's revenue for the quarter was up 24.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.
Vertiv Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date was Tuesday, March 18th. Vertiv's payout ratio is currently 8.72%.
About Vertiv
(
Free Report)
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.
See Also
Before you consider Vertiv, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vertiv wasn't on the list.
While Vertiv currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
