StoneCrest Wealth Management Inc. Acquires Shares of 7,785 Vertiv Holdings Co (NYSE:VRT)

StoneCrest Wealth Management Inc. acquired a new stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,785 shares of the company's stock, valued at approximately $562,000.

Other institutional investors have also added to or reduced their stakes in the company. SOA Wealth Advisors LLC. purchased a new stake in shares of Vertiv in the fourth quarter worth about $26,000. Tradewinds Capital Management LLC increased 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 worth $33,000 after purchasing an additional 111 shares during the last quarter. Pittenger & Anderson Inc. increased 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 worth $36,000 after purchasing an additional 150 shares during the last quarter. Colonial Trust Co SC increased 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 worth $36,000 after purchasing an additional 214 shares during the last quarter. Finally, Ameriflex Group Inc. bought a new position in shares of Vertiv in the fourth quarter worth approximately $37,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Stephen Liang sold 43,683 shares of the firm's stock in a transaction on 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 owns 9,551 shares of the company's stock, valued at $1,106,292.33. This trade represents a 82.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Karsten Winther sold 5,500 shares of the firm'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 sale, the insider now directly owns 18,847 shares of the company's stock, valued at $1,777,837.51. The trade was a 22.59% decrease in their position. The disclosure for this sale can be found here. 2.63% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Barclays decreased their price objective on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Friday, April 4th. Royal Bank of Canada assumed coverage on shares of Vertiv in a research report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price objective on the stock. The Goldman Sachs Group decreased their price objective on shares of Vertiv from $135.00 to $85.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Citigroup decreased their price objective on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Roth Capital upgraded shares of Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.38.

Vertiv Stock Up 2.9%

Shares of Vertiv stock opened at $115.47 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. Vertiv Holdings Co has a 52-week low of $53.60 and a 52-week high of $155.84. The stock has a market capitalization of $44.01 billion, a price-to-earnings ratio of 90.21, a P/E/G ratio of 1.07 and a beta of 1.70. The company's 50 day moving average price is $89.98 and its 200-day moving average price is $104.87.

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, topping 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 firm had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter last year, the business earned $0.43 earnings per share. The business's revenue was up 24.2% on a year-over-year basis. Equities research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current 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.

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