KMG Fiduciary Partners LLC Has $2.36 Million Holdings in Vertiv Holdings Co (NYSE:VRT)

KMG Fiduciary Partners LLC raised its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 13.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,652 shares of the company's stock after acquiring an additional 3,903 shares during the period. KMG Fiduciary Partners LLC's holdings in Vertiv were worth $2,357,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. SOA Wealth Advisors LLC. acquired a new position in shares of Vertiv in the fourth quarter valued at $26,000. Tradewinds Capital Management LLC raised its stake 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 buying an additional 111 shares in the last quarter. Pittenger & Anderson Inc. lifted its holdings in shares of Vertiv by 92.0% during the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock worth $36,000 after acquiring an additional 150 shares during the period. Colonial Trust Co SC lifted its holdings in shares of Vertiv by 211.9% during the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after acquiring an additional 214 shares during the period. Finally, Ameriflex Group Inc. acquired a new stake in shares of Vertiv during the 4th quarter valued at about $37,000. Institutional investors own 89.92% of the company's stock.

Insider Activity at Vertiv

In other news, insider Karsten Winther sold 5,500 shares of the company's stock in a transaction dated 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 sale, the insider now directly owns 18,847 shares of the company's stock, valued at $1,777,837.51. This represents a 22.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 completion of the sale, the executive vice president now owns 9,551 shares in the company, 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 currently owned by company insiders.

Vertiv Trading Up 1.9%

Shares of VRT stock traded up $2.06 on Wednesday, reaching $110.53. 5,554,315 shares of the stock were exchanged, compared to its average volume of 8,737,991. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. Vertiv Holdings Co has a one year low of $53.60 and a one year high of $155.84. The stock has a market cap of $42.12 billion, a PE ratio of 86.35, a P/E/G ratio of 1.07 and a beta of 1.73. The stock has a 50 day moving average price of $92.52 and a 200 day moving average price of $104.26.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 61.41% and a net margin of 6.19%. The company's quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 EPS. Equities research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on VRT shares. Citigroup cut their price target on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a research note on Monday, April 14th. KGI Securities began coverage on Vertiv in a research report on Thursday, April 24th. They issued a "hold" rating on the stock. Royal Bank of Canada began coverage on Vertiv in a report on Friday, March 7th. They set an "outperform" rating and a $121.00 price objective for the company. Evercore ISI restated an "outperform" rating and issued a $150.00 target price (up previously from $100.00) on shares of Vertiv in a research note on Tuesday, May 27th. Finally, The Goldman Sachs Group increased their target price on shares of Vertiv from $106.00 to $122.00 and gave the stock a "buy" rating in a research report on Tuesday. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Vertiv currently has an average rating of "Moderate Buy" and an average target price of $124.69.

Vertiv 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.