Patriot Financial Group Insurance Agency LLC Makes New $255,000 Investment in Vertiv Holdings Co (NYSE:VRT)

Patriot Financial Group Insurance Agency LLC bought a new position in Vertiv Holdings Co (NYSE:VRT - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,527 shares of the company's stock, valued at approximately $255,000.

Several other institutional investors have also modified their holdings of the company. Wedmont Private Capital increased its stake in shares of Vertiv by 30.7% in the first quarter. Wedmont Private Capital now owns 2,965 shares of the company's stock worth $206,000 after acquiring an additional 697 shares during the last quarter. Gemmer Asset Management LLC bought a new stake in Vertiv in the first quarter worth $597,000. Independence Bank of Kentucky boosted its holdings in Vertiv by 94.3% in the first quarter. Independence Bank of Kentucky now owns 52,773 shares of the company's stock worth $3,810,000 after purchasing an additional 25,608 shares in the last quarter. StoneCrest Wealth Management Inc. acquired a new position in Vertiv during the first quarter worth $562,000. Finally, Prospect Financial Services LLC raised its holdings in Vertiv by 26.8% during the first quarter. Prospect Financial Services LLC now owns 3,195 shares of the company's stock valued at $231,000 after buying an additional 675 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Stock Performance

Vertiv stock traded up $3.03 on Thursday, hitting $113.62. The company's stock had a trading volume of 2,620,378 shares, compared to its average volume of 8,714,195. The firm has a market cap of $43.30 billion, a P/E ratio of 88.77, a price-to-earnings-growth ratio of 1.07 and a beta of 1.73. 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 fifty day moving average price of $92.52 and a 200-day moving average price of $104.26. Vertiv Holdings Co has a one year low of $53.60 and a one year high of $155.84.

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Evercore ISI reiterated an "outperform" rating and set a $150.00 price target (up previously from $100.00) on shares of Vertiv in a research note on Tuesday, May 27th. KGI Securities began coverage on Vertiv in a research report on Thursday, April 24th. They set a "hold" rating for the company. JPMorgan Chase & Co. lifted their price target on shares of Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Royal Bank of Canada started coverage on shares of Vertiv in a report on Friday, March 7th. They set an "outperform" rating and a $121.00 price objective for the company. Finally, Morgan Stanley lowered 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. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $124.69.

Insider Buying and Selling at Vertiv

In related news, EVP Stephen Liang sold 43,683 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the sale, the executive vice president now directly owns 9,551 shares in the company, valued at $1,106,292.33. This represents a 82.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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. This represents a 22.59% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.63% of the company's stock.

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.