GPS Wealth Strategies Group LLC Buys 28,860 Shares of Vertiv Holdings Co (NYSE:VRT)

GPS Wealth Strategies Group LLC boosted its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 832.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,326 shares of the company's stock after purchasing an additional 28,860 shares during the period. GPS Wealth Strategies Group LLC's holdings in Vertiv were worth $2,334,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of VRT. Prestige Wealth Management Group LLC lifted its stake in shares of Vertiv by 2.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company's stock valued at $420,000 after purchasing an additional 85 shares during the period. Horizon Investment Services LLC grew its holdings in shares of Vertiv by 4.1% in the fourth quarter. Horizon Investment Services LLC now owns 2,410 shares of the company's stock valued at $274,000 after purchasing an additional 95 shares during the period. Focus Partners Advisor Solutions LLC grew its holdings in shares of Vertiv by 3.1% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company's stock valued at $367,000 after purchasing an additional 97 shares during the period. Utah Retirement Systems boosted its stake in Vertiv by 0.3% during the fourth quarter. Utah Retirement Systems now owns 39,300 shares of the company's stock worth $4,465,000 after buying an additional 100 shares during the period. Finally, Wahed Invest LLC boosted its stake in Vertiv by 1.2% during the fourth quarter. Wahed Invest LLC now owns 8,798 shares of the company's stock worth $1,000,000 after buying an additional 105 shares during the period. Hedge funds and other institutional investors own 89.92% of the company's stock.

Wall Street Analyst Weigh In

VRT has been the topic of several research reports. JPMorgan Chase & Co. increased their price target on shares of Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. The Goldman Sachs Group raised their target price on shares of Vertiv from $106.00 to $122.00 and gave the stock a "buy" rating in a research report on Tuesday. Cowen reiterated a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. Evercore ISI reiterated an "outperform" rating and issued a $150.00 price objective (up from $100.00) on shares of Vertiv in a research report on Tuesday, May 27th. Finally, Roth Capital upgraded shares of Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $124.69.

Vertiv Trading Up 3.5%

NYSE VRT traded up $3.84 on Thursday, reaching $114.43. The company had a trading volume of 6,772,211 shares, 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 stock's 50 day moving average is $92.52 and its 200-day moving average is $104.26. The stock has a market cap of $43.61 billion, a price-to-earnings ratio of 89.40, a PEG 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 quarterly earnings data 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. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the company earned $0.43 earnings per share. Vertiv's quarterly revenue was up 24.2% on a year-over-year basis. Equities analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Insider Activity

In other news, 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 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. This trade represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 value of $5,059,801.89. Following the transaction, the executive vice president now owns 9,551 shares in the company, valued at approximately $1,106,292.33. This trade represents a 82.06% decrease in their position. The disclosure for this sale can be found here. 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.