Lighthouse Financial LLC Purchases Shares of 16,517 Vertiv Holdings Co (NYSE:VRT)

Lighthouse Financial LLC acquired a new stake in Vertiv Holdings Co (NYSE:VRT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,517 shares of the company's stock, valued at approximately $1,876,000. Vertiv accounts for about 1.5% of Lighthouse Financial LLC's investment portfolio, making the stock its 18th biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. IronOak Wealth LLC. purchased a new position in Vertiv in the fourth quarter valued at $932,000. Park Square Financial Group LLC purchased a new position in shares of Vertiv in the 4th quarter valued at about $70,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Vertiv in the 4th quarter valued at about $39,060,000. Virtue Capital Management LLC boosted its stake in shares of Vertiv by 4.6% in the 4th quarter. Virtue Capital Management LLC now owns 15,750 shares of the company's stock valued at $1,789,000 after buying an additional 689 shares during the period. Finally, B. Riley Wealth Advisors Inc. boosted its stake in shares of Vertiv by 31.6% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 8,555 shares of the company's stock valued at $972,000 after buying an additional 2,053 shares during the period. Hedge funds and other institutional investors own 89.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VRT. JPMorgan Chase & Co. lifted their price target on shares of Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Evercore ISI reaffirmed an "outperform" rating and set a $150.00 price objective (up from $100.00) on shares of Vertiv in a research report on Tuesday, May 27th. Morgan Stanley decreased their price objective on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group decreased their price target on Vertiv from $135.00 to $85.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, Citigroup decreased their price target on Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a report on Monday, April 14th. Five 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $122.38.

Vertiv Price Performance

Shares of VRT traded down $0.73 during mid-day trading on Friday, reaching $107.74. 6,931,195 shares of the company's stock were exchanged, compared to its average volume of 8,913,535. 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 50-day simple moving average of $86.34 and a two-hundred day simple moving average of $105.09. Vertiv Holdings Co has a 52-week low of $53.60 and a 52-week high of $155.84. The company has a market cap of $41.06 billion, a price-to-earnings ratio of 84.17, a PEG ratio of 1.07 and a beta of 1.70.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results 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 company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. Vertiv's revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 earnings per share. On average, sell-side analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were given a dividend of $0.0375 per share. 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 dividend payout ratio is presently 8.72%.

Insider Buying and Selling

In other news, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the completion of the sale, the insider now directly owns 18,847 shares in the company, valued at $1,777,837.51. The trade was a 22.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.63% of the stock is currently owned by company insiders.

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.