Braun Stacey Associates Inc. Decreases Holdings in Vertiv Holdings Co (NYSE:VRT)

Braun Stacey Associates Inc. reduced its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 5.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 789,741 shares of the company's stock after selling 43,130 shares during the quarter. Vertiv makes up approximately 1.7% of Braun Stacey Associates Inc.'s investment portfolio, making the stock its 8th largest position. Braun Stacey Associates Inc. owned approximately 0.21% of Vertiv worth $37,931,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Black Swift Group LLC purchased a new stake in shares of Vertiv during the fourth quarter valued at $1,921,000. TriaGen Wealth Management LLC purchased a new stake in shares of Vertiv during the fourth quarter valued at $468,000. OPTIMAS CAPITAL Ltd purchased a new stake in shares of Vertiv during the fourth quarter valued at $937,000. Oak Thistle LLC purchased a new stake in shares of Vertiv during the fourth quarter valued at $789,000. Finally, WT Asset Management Ltd purchased a new stake in shares of Vertiv during the fourth quarter valued at $24,486,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Vertiv news, CAO Scott Cripps sold 56,594 shares of the business's stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Stephen Liang sold 306,196 shares of the company's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $70.24, for a total value of $21,507,207.04. Following the completion of the transaction, the executive vice president now directly owns 51,841 shares of the company's stock, valued at $3,641,311.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Scott Cripps sold 56,594 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $70.76, for a total value of $4,004,591.44. The disclosure for this sale can be found here. Insiders own 5.62% of the company's stock.

Vertiv Price Performance

Vertiv stock traded down $4.66 during trading on Thursday, reaching $80.69. The company had a trading volume of 11,357,679 shares, compared to its average volume of 7,466,258. The firm's 50-day simple moving average is $68.62 and its 200 day simple moving average is $52.20. Vertiv Holdings Co has a 1-year low of $11.95 and a 1-year high of $88.69. The firm has a market capitalization of $30.82 billion, a PE ratio of 72.39, a price-to-earnings-growth ratio of 1.29 and a beta of 1.59. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.35 and a current ratio of 1.74.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, February 21st. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. Vertiv had a net margin of 6.71% and a return on equity of 39.46%. The company had revenue of $1.87 billion for the quarter, compared to analysts' expectations of $1.88 billion. During the same quarter in the previous year, the company posted $0.28 EPS. The firm's quarterly revenue was up 12.7% on a year-over-year basis. As a group, equities research analysts anticipate that Vertiv Holdings Co will post 2.35 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a yield of 0.12%. Vertiv's dividend payout ratio (DPR) is presently 8.47%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VRT. Bank of America boosted their target price on shares of Vertiv from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Monday, March 18th. Citigroup upped their price objective on shares of Vertiv from $49.00 to $58.00 and gave the stock a "buy" rating in a research note on Monday, December 11th. JPMorgan Chase & Co. upped their price objective on shares of Vertiv from $53.00 to $65.00 and gave the stock an "overweight" rating in a research note on Thursday, February 22nd. Mizuho upped their price objective on shares of Vertiv from $50.00 to $56.00 and gave the stock a "neutral" rating in a research note on Thursday, February 22nd. Finally, Evercore ISI upped their price objective on shares of Vertiv from $75.00 to $80.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 13th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Vertiv has a consensus rating of "Moderate Buy" and a consensus price target of $61.38.

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.