13,521 Shares in Vertiv Holdings Co (NYSE:VRT) Bought by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC bought a new position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 13,521 shares of the company's stock, valued at approximately $649,000.

Other large investors have also modified their holdings of the company. FMR LLC boosted its stake in Vertiv by 182.4% during the third quarter. FMR LLC now owns 47,236,496 shares of the company's stock worth $1,757,198,000 after buying an additional 30,511,907 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Vertiv by 12.1% in the third quarter. Vanguard Group Inc. now owns 31,628,757 shares of the company's stock valued at $1,176,590,000 after purchasing an additional 3,417,710 shares during the period. Invesco Ltd. increased its position in Vertiv by 10.2% during the third quarter. Invesco Ltd. now owns 10,817,978 shares of the company's stock worth $402,429,000 after purchasing an additional 1,002,191 shares during the last quarter. Electron Capital Partners LLC raised its stake in Vertiv by 31.6% during the third quarter. Electron Capital Partners LLC now owns 2,712,946 shares of the company's stock worth $100,922,000 after purchasing an additional 652,099 shares during the period. Finally, Qube Research & Technologies Ltd boosted its holdings in Vertiv by 1,032.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 2,258,888 shares of the company's stock valued at $84,031,000 after purchasing an additional 2,059,431 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Insider Activity at Vertiv

In related news, insider Yibin Edward Cui sold 668 shares of the firm's stock in a transaction that occurred on Saturday, May 4th. The stock was sold at an average price of $94.39, for a total transaction of $63,052.52. Following the transaction, the insider now owns 19,452 shares in the company, valued at approximately $1,836,074.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Anders Karlborg sold 46,206 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $93.75, for a total transaction of $4,331,812.50. Following the completion of the sale, the executive vice president now owns 23,003 shares in the company, valued at $2,156,531.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Yibin Edward Cui sold 668 shares of the business's stock in a transaction dated Saturday, May 4th. The shares were sold at an average price of $94.39, for a total value of $63,052.52. Following the completion of the transaction, the insider now owns 19,452 shares in the company, valued at approximately $1,836,074.28. The disclosure for this sale can be found here. Insiders have sold 3,409,664 shares of company stock valued at $310,846,212 in the last ninety days. Insiders own 5.62% of the company's stock.

Vertiv Stock Up 0.3 %

NYSE VRT traded up $0.26 on Thursday, hitting $97.94. 6,893,498 shares of the stock were exchanged, compared to its average volume of 8,130,540. Vertiv Holdings Co has a fifty-two week low of $14.95 and a fifty-two week high of $99.44. The company has a 50-day moving average price of $81.38 and a 200-day moving average price of $60.63. The company has a market cap of $36.66 billion, a PE ratio of 94.17, a PEG ratio of 1.41 and a beta of 1.55. The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 2.09.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.06. Vertiv had a return on equity of 44.95% and a net margin of 5.79%. The company had revenue of $1.64 billion for the quarter, compared to analysts' expectations of $1.62 billion. During the same period last year, the firm earned $0.24 earnings per share. Vertiv's quarterly revenue was up 7.8% on a year-over-year basis. Sell-side analysts anticipate that Vertiv Holdings Co will post 2.42 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.10%. The ex-dividend date of this dividend was Monday, March 18th. Vertiv's dividend payout ratio (DPR) is 9.62%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Citigroup upped their price objective on Vertiv from $102.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, April 25th. Evercore ISI boosted their price objective on shares of Vertiv from $90.00 to $95.00 and gave the company an "outperform" rating in a report on Thursday, April 25th. Bank of America lifted their price target on shares of Vertiv from $80.00 to $90.00 and gave the company a "buy" rating in a research report on Monday, March 18th. Mizuho upped their price objective on shares of Vertiv from $56.00 to $95.00 and gave the stock a "neutral" rating in a report on Friday, April 26th. Finally, Oppenheimer boosted their target price on Vertiv from $96.00 to $98.00 and gave the company an "outperform" rating in a research report on Thursday, April 25th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $81.11.

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.