Merit Financial Group LLC Grows Holdings in Vertiv Holdings Co (NYSE:VRT)

Merit Financial Group LLC grew its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 113.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 13,709 shares of the company's stock after acquiring an additional 7,287 shares during the period. Merit Financial Group LLC's holdings in Vertiv were worth $990,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in VRT. SOA Wealth Advisors LLC. purchased a new stake in shares of Vertiv in the 4th quarter valued at approximately $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 acquiring an additional 111 shares during the period. Pittenger & Anderson Inc. raised its stake in shares of Vertiv by 92.0% in the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock valued at $36,000 after acquiring an additional 150 shares during the period. Colonial Trust Co SC raised its stake in shares of Vertiv by 211.9% in the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company's stock valued at $36,000 after acquiring an additional 214 shares during the period. Finally, Ameriflex Group Inc. purchased a new stake in shares of Vertiv in the 4th quarter valued at approximately $37,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VRT has been the topic of several recent research reports. Evercore ISI reaffirmed an "outperform" rating and set a $150.00 target price (up from $100.00) on shares of Vertiv in a research note on Tuesday, May 27th. 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 research note on Thursday, April 24th. Roth Capital raised shares of Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Roth Mkm initiated coverage on shares of Vertiv in a research note on Tuesday, April 8th. They set a "buy" rating and a $75.00 target price on the stock. Finally, Royal Bank of Canada initiated coverage on shares of Vertiv in a research note on Friday, March 7th. They set an "outperform" rating and a $121.00 target price on the stock. 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $122.38.

Vertiv Trading Up 2.9%

Shares of NYSE:VRT opened at $115.47 on Friday. Vertiv Holdings Co has a 52 week low of $53.60 and a 52 week high of $155.84. The company's 50 day moving average is $89.98 and its two-hundred day moving average is $104.64. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The company has a market cap of $44.01 billion, a PE ratio of 90.21, a P/E/G ratio of 1.07 and a beta of 1.70.

Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The business had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the prior year, the business posted $0.43 EPS. The company's revenue for the quarter was up 24.2% on a year-over-year basis. Equities analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Karsten Winther sold 5,500 shares of the company'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 approximately $1,777,837.51. This represents a 22.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Stephen Liang sold 43,683 shares of the company's stock in a transaction 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 transaction, the executive vice president now 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 position. The disclosure for this sale can be found here. Company insiders own 2.63% of the company's stock.

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.

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