Ulland Investment Advisors LLC Lowers Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Ulland Investment Advisors LLC decreased its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 23.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,109 shares of the company's stock after selling 13,466 shares during the quarter. Vertiv comprises approximately 2.7% of Ulland Investment Advisors LLC's holdings, making the stock its 14th largest position. Ulland Investment Advisors LLC's holdings in Vertiv were worth $3,257,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Tradewinds Capital Management LLC lifted its position in shares of 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 acquiring an additional 111 shares during the last quarter. Pittenger & Anderson Inc. raised its holdings in shares of Vertiv by 92.0% during the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock worth $36,000 after acquiring an additional 150 shares in the last quarter. Colonial Trust Co SC raised its stake in shares of Vertiv by 211.9% during the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after purchasing an additional 214 shares in the last quarter. Ameriflex Group Inc. bought a new position in Vertiv during the fourth quarter valued at approximately $37,000. Finally, TD Private Client Wealth LLC lifted its stake in shares of Vertiv by 150.7% in the 4th quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock valued at $42,000 after purchasing an additional 223 shares during the last quarter. Institutional investors own 89.92% of the company's stock.

Vertiv Trading Down 3.4%

Vertiv stock traded down $3.90 during trading hours on Friday, hitting $110.60. The stock had a trading volume of 4,416,903 shares, compared to its average volume of 8,709,300. The business's 50 day simple moving average is $93.54 and its 200-day simple moving average is $104.14. Vertiv Holdings Co has a one year low of $53.60 and a one year high of $155.84. The stock has a market cap of $42.15 billion, a price-to-earnings ratio of 86.53, a P/E/G 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.

Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.64 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 business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the company earned $0.43 EPS. The firm's revenue was up 24.2% compared to the same quarter last year. On average, equities analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on VRT shares. Roth Mkm started coverage on Vertiv in a research report on Tuesday, April 8th. They set a "buy" rating and a $75.00 target price for the company. Cowen reiterated a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. Barclays decreased their target price 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. JPMorgan Chase & Co. upped their price target on Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Finally, The Goldman Sachs Group raised their price objective on shares of Vertiv from $106.00 to $122.00 and gave the stock a "buy" rating in a report on Tuesday. Five research 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 company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $124.69.

Insider Activity

In other Vertiv news, 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 transaction, the executive vice president now directly owns 9,551 shares in the company, valued at $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Karsten Winther sold 5,500 shares of the firm's stock in a transaction that occurred 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 sale, the insider now owns 18,847 shares of the company's stock, valued at approximately $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 corporate insiders.

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.