Vertiv Holdings Co (NYSE:VRT) Shares Purchased by Rowlandmiller & PARTNERS.ADV

Rowlandmiller & PARTNERS.ADV boosted its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 43.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 35,558 shares of the company's stock after buying an additional 10,694 shares during the period. Rowlandmiller & PARTNERS.ADV's holdings in Vertiv were worth $2,567,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of VRT. Tradewinds Capital Management LLC raised its holdings in Vertiv by 61.3% during 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 during the period. Pittenger & Anderson Inc. increased its stake in Vertiv by 92.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock worth $36,000 after purchasing an additional 150 shares during the period. Colonial Trust Co SC increased its stake in Vertiv by 211.9% in the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after purchasing an additional 214 shares during the period. Ameriflex Group Inc. purchased a new stake in Vertiv in the fourth quarter worth $37,000. Finally, TD Private Client Wealth LLC increased its stake in Vertiv by 150.7% in the fourth quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock worth $42,000 after purchasing an additional 223 shares during the period. Hedge funds and other institutional investors own 89.92% of the company's stock.

Vertiv Stock Up 3.5%

Shares of VRT traded up $3.84 during midday trading on Thursday, reaching $114.43. 6,772,211 shares of the stock were exchanged, compared to its average volume of 8,725,658. 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 $93.54 and its two-hundred day moving average is $104.14. The company has a market capitalization of $43.61 billion, a P/E ratio of 89.40, a PEG ratio of 1.07 and a beta of 1.73. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT - Get Free Report) last posted 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 return on equity of 61.41% and a net margin of 6.19%. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The firm's quarterly revenue was up 24.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the firm'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 owns 18,847 shares of the company's stock, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $115.83, for a total value of $5,059,801.89. Following the completion of the sale, the executive vice president now directly owns 9,551 shares of the company's stock, valued at approximately $1,106,292.33. This represents a 82.06% decrease in their position. The disclosure for this sale can be found here. 2.63% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have 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 note on Monday, April 14th. Evercore ISI reiterated 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. Royal Bank of Canada assumed coverage on Vertiv in a research note on Friday, March 7th. They issued an "outperform" rating and a $121.00 target price on the stock. Barclays reduced their target price on Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. Finally, Cowen reiterated a "buy" rating on shares of Vertiv in a research note on Thursday, April 24th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $124.69.

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.