Wealth Management Partners LLC Purchases 8,705 Shares of Vertiv Holdings Co (NYSE:VRT)

Wealth Management Partners LLC increased its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 313.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,485 shares of the company's stock after acquiring an additional 8,705 shares during the quarter. Wealth Management Partners LLC's holdings in Vertiv were worth $829,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its stake in Vertiv by 67.0% in the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock worth $1,043,000 after acquiring an additional 3,682 shares during the period. Sound View Wealth Advisors Group LLC purchased a new position in Vertiv during the fourth quarter valued at $1,218,000. Schroder Investment Management Group lifted its position in Vertiv by 95.3% during the fourth quarter. Schroder Investment Management Group now owns 1,167,536 shares of the company's stock valued at $135,621,000 after buying an additional 569,722 shares during the period. Bedell Frazier Investment Counselling LLC purchased a new position in Vertiv during the fourth quarter valued at $415,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Vertiv by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,746,111 shares of the company's stock valued at $198,376,000 after buying an additional 45,917 shares during the period. Hedge funds and other institutional investors own 89.92% of the company's stock.

Analyst Upgrades and Downgrades

VRT has been the subject of several recent research reports. Roth Capital raised Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Cowen reissued a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. KGI Securities initiated coverage on Vertiv in a research report on Thursday, April 24th. They set a "hold" rating for the company. Citigroup lowered their price objective on Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Morgan Stanley lowered their price objective on Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Five 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $122.38.

Insider Buying and Selling

In related news, EVP Stephen Liang sold 43,683 shares of Vertiv 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 in the company, valued at approximately $1,106,292.33. This trade represents a 82.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Karsten Winther sold 5,500 shares of Vertiv 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 $1,777,837.51. The trade was a 22.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.63% of the stock is owned by corporate insiders.

Vertiv Stock Up 2.9%

Shares of VRT traded up $3.25 during trading hours on Friday, hitting $115.47. The company had a trading volume of 5,366,591 shares, compared to its average volume of 8,755,346. Vertiv Holdings Co has a 52-week low of $53.60 and a 52-week high of $155.84. The firm has a fifty day moving average price of $89.98 and a 200-day moving average price of $104.38. 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 1.73. 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 (NYSE:VRT - Get Free Report) last released its quarterly earnings data 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 return on equity of 61.41% and a net margin of 6.19%. The company 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 EPS. Vertiv's revenue for the quarter was up 24.2% on a year-over-year basis. On average, equities research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv 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.