Vertiv Holdings Co (NYSE:VRT) Shares Sold by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC trimmed its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 73.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,799 shares of the company's stock after selling 16,059 shares during the period. SeaCrest Wealth Management LLC's holdings in Vertiv were worth $419,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. SOA Wealth Advisors LLC. acquired a new position in Vertiv during the 4th quarter worth $26,000. Tradewinds Capital Management LLC lifted its position in shares of Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after buying an additional 111 shares during the last quarter. Pittenger & Anderson Inc. lifted its position in shares of Vertiv by 92.0% in the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock worth $36,000 after buying an additional 150 shares during the last quarter. Colonial Trust Co SC lifted its position in shares of Vertiv by 211.9% in the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after buying an additional 214 shares during the last quarter. Finally, Ameriflex Group Inc. bought a new position in shares of Vertiv in the 4th quarter worth about $37,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Stephen Liang sold 43,683 shares of the stock in a transaction 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 completion of the sale, the executive vice president now owns 9,551 shares in the company, valued at approximately $1,106,292.33. This represents a 82.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 sale, the insider now directly owns 18,847 shares of the company's stock, valued at approximately $1,777,837.51. This represents a 22.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.63% of the company's stock.

Analysts Set New Price Targets

VRT has been the topic of a number of recent research reports. Evercore ISI restated an "outperform" rating and issued a $150.00 price target (up from $100.00) on shares of Vertiv in a research report on Tuesday, May 27th. Cowen restated a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. The Goldman Sachs Group reduced their price target 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. Roth Mkm started coverage on shares of Vertiv in a research report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price target on the stock. Finally, Royal Bank of Canada started 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. Five research 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 company. According to data from MarketBeat, Vertiv has an average rating of "Moderate Buy" and an average price target of $122.38.

Vertiv Price Performance

NYSE VRT opened at $115.47 on Friday. The firm has a market capitalization of $44.01 billion, a PE ratio of 90.21, a P/E/G ratio of 1.07 and a beta of 1.70. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. Vertiv Holdings Co has a 12 month low of $53.60 and a 12 month high of $155.84. The company's 50 day simple moving average is $89.98 and its 200 day simple moving average is $104.64.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly 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. The company had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The firm's revenue for the quarter was up 24.2% on a year-over-year basis. During the same period last year, the firm earned $0.43 EPS. As a group, equities research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

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.

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