Outlook Wealth Advisors LLC Invests $475,000 in Vertiv Holdings Co (NYSE:VRT)

Outlook Wealth Advisors LLC acquired a new stake in Vertiv Holdings Co (NYSE:VRT - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,577 shares of the company's stock, valued at approximately $475,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VRT. SOA Wealth Advisors LLC. acquired a new position in Vertiv during the fourth quarter worth $26,000. Tradewinds Capital Management LLC lifted its position in shares of Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock valued at $33,000 after acquiring an additional 111 shares in the last quarter. Pittenger & Anderson Inc. lifted its position in shares of Vertiv by 92.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock valued at $36,000 after acquiring an additional 150 shares in the last quarter. Colonial Trust Co SC lifted its position in shares of Vertiv by 211.9% in the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company's stock valued at $36,000 after acquiring an additional 214 shares in the last quarter. Finally, Ameriflex Group Inc. purchased a new position in Vertiv during the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 89.92% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Citigroup reduced their target price on Vertiv from $153.00 to $98.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Roth Mkm started coverage on Vertiv in a research note on Tuesday, April 8th. They issued a "buy" rating and a $75.00 target price for the company. Royal Bank of Canada assumed coverage on Vertiv in a research note on Friday, March 7th. They set an "outperform" rating and a $121.00 price objective for the company. Barclays decreased their target price on Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. Finally, Cowen reiterated a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. Five equities 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's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $124.69.

Insider Activity

In other news, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction on Friday, May 9th. The stock was sold at an average price of $94.33, for a total transaction of $518,815.00. Following the transaction, the insider now owns 18,847 shares in the company, valued at approximately $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 can be accessed through the SEC website. Also, 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 owns 9,551 shares in the company, valued at $1,106,292.33. This trade represents a 82.06% decrease in their position. The disclosure for this sale can be found here. 2.63% of the stock is currently owned by corporate insiders.

Vertiv Price Performance

Shares of VRT traded up $2.06 during midday trading on Wednesday, reaching $110.53. The stock had a trading volume of 5,554,315 shares, compared to its average volume of 8,737,991. Vertiv Holdings Co has a 52 week low of $53.60 and a 52 week high of $155.84. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The firm's 50 day moving average price is $92.52 and its 200-day moving average price is $104.26. The company has a market capitalization of $42.12 billion, a P/E ratio of 86.35, a P/E/G ratio of 1.07 and a beta of 1.73.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. Vertiv'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 earned $0.43 earnings per share. On average, analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Company 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.