Vertiv Holdings Co (NYSE:VRT) Shares Sold by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC trimmed its position in Vertiv Holdings Co (NYSE:VRT) by 28.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,307 shares of the company’s stock after selling 3,717 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Vertiv were worth $760,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Bogart Wealth LLC acquired a new position in Vertiv in the first quarter worth about $25,000. GAMMA Investing LLC acquired a new position in Vertiv in the fourth quarter worth about $26,000. Raleigh Capital Management Inc. boosted its stake in Vertiv by 79.0% in the fourth quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock valued at $27,000 after acquiring an additional 252 shares during the period. Atticus Wealth Management LLC acquired a new position in Vertiv in the first quarter valued at approximately $27,000. Finally, Hazlett Burt & Watson Inc. acquired a new position in Vertiv in the first quarter valued at approximately $34,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on VRT. Oppenheimer lifted their target price on Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Citigroup lifted their target price on Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Evercore ISI lifted their target price on Vertiv from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Friday, June 14th. Bank of America lifted their target price on Vertiv from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. Finally, TD Cowen boosted their price objective on Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $96.56.

Insider Buying and Selling

In related news, EVP Anders Karlborg sold 46,206 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $93.75, for a total transaction of $4,331,812.50. Following the sale, the executive vice president now owns 23,003 shares of the company’s stock, valued at $2,156,531.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Vertiv news, insider Yibin Edward Cui sold 668 shares of the company’s stock in a transaction on Saturday, May 4th. The stock was sold at an average price of $94.39, for a total value of $63,052.52. Following the transaction, the insider now owns 19,452 shares of the company’s stock, valued at $1,836,074.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Anders Karlborg sold 46,206 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $93.75, for a total value of $4,331,812.50. Following the completion of the transaction, the executive vice president now directly owns 23,003 shares in the company, valued at approximately $2,156,531.25. The disclosure for this sale can be found here. Insiders have sold a total of 1,162,739 shares of company stock valued at $119,773,814 over the last quarter. Corporate insiders own 5.01% of the company’s stock.

Vertiv Stock Performance

Shares of NYSE VRT traded down $3.20 during midday trading on Tuesday, hitting $74.80. 1,845,297 shares of the company’s stock were exchanged, compared to its average volume of 8,577,561. Vertiv Holdings Co has a twelve month low of $25.41 and a twelve month high of $109.27. The firm has a market cap of $28.00 billion, a P/E ratio of 75.35, a PEG ratio of 1.01 and a beta of 1.58. The stock’s 50 day moving average price is $91.48 and its 200-day moving average price is $80.39. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.34 and a quick ratio of 0.98.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.57 by $0.10. Vertiv had a return on equity of 49.53% and a net margin of 6.93%. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the company earned $0.46 earnings per share. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. Equities research analysts anticipate that Vertiv Holdings Co will post 2.58 EPS for the current year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Monday, June 17th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Monday, June 17th. This represents a $0.10 annualized dividend and a yield of 0.13%. Vertiv’s payout ratio is 9.62%.

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.