Wealthedge Investment Advisors LLC Makes New Investment in Vertiv Holdings Co (NYSE:VRT)

Wealthedge Investment Advisors LLC bought a new stake in Vertiv Holdings Co (NYSE:VRT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,625 shares of the company's stock, valued at approximately $639,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA bought a new stake in Vertiv during the fourth quarter worth about $597,379,000. Norges Bank acquired a new position in shares of Vertiv during the fourth quarter worth approximately $391,777,000. Jennison Associates LLC lifted its position in shares of Vertiv by 68.6% during the fourth quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock worth $880,971,000 after purchasing an additional 3,153,932 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Vertiv by 136.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company's stock worth $379,101,000 after purchasing an additional 1,928,275 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Vertiv by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock worth $4,130,415,000 after purchasing an additional 1,244,780 shares in the last quarter. Institutional investors own 89.92% of the company's stock.

Vertiv Price Performance

Shares of Vertiv stock traded down $0.73 on Friday, reaching $107.74. 6,931,195 shares of the stock were exchanged, compared to its average volume of 8,949,655. The firm's 50 day moving average is $86.01 and its 200-day moving average is $105.45. Vertiv Holdings Co has a one year low of $53.60 and a one year high of $155.84. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The firm has a market cap of $41.06 billion, a PE ratio of 84.17, a P/E/G ratio of 1.07 and a beta of 1.70.

Vertiv (NYSE:VRT - Get Free Report) last released 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. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the firm earned $0.43 earnings per share. The company's revenue for the quarter was up 24.2% on a year-over-year basis. As a group, analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date was Tuesday, March 18th. Vertiv's payout ratio is 8.72%.

Insiders Place Their Bets

In other news, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the completion of the transaction, the insider now directly owns 18,847 shares in the company, valued at $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.63% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price 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. KGI Securities initiated coverage on shares of Vertiv in a research report on Thursday, April 24th. They set a "hold" rating on the stock. The Goldman Sachs Group cut their price objective on shares of Vertiv from $135.00 to $85.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Morgan Stanley reduced their price objective on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Finally, Cowen reaffirmed a "buy" rating on shares of Vertiv in a research note on Thursday, April 24th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $122.38.

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.