Quantum Private Wealth LLC Boosts Stock Position in Vertiv Holdings Co (NYSE:VRT)

Quantum Private Wealth LLC lifted its stake in Vertiv Holdings Co (NYSE:VRT) by 9.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,938 shares of the company’s stock after purchasing an additional 500 shares during the quarter. Quantum Private Wealth LLC’s holdings in Vertiv were worth $675,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv in the 4th quarter worth $26,000. Global Trust Asset Management LLC purchased a new stake in shares of Vertiv in the third quarter valued at about $30,000. Mark Sheptoff Financial Planning LLC grew its holdings in shares of Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares during the period. Brooklyn Investment Group acquired a new stake in Vertiv during the third quarter worth about $30,000. Finally, OLD Second National Bank of Aurora purchased a new position in Vertiv during the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Activity at Vertiv

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the transaction, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value of $4,373,094.44. Following the transaction, the insider now owns 19,448 shares of the company’s stock, valued at $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 171,527 shares of company stock valued at $23,105,682 in the last 90 days. 5.01% of the stock is owned by corporate insiders.

Vertiv Trading Down 1.0 %

NYSE VRT opened at $108.18 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. Vertiv Holdings Co has a 1-year low of $55.00 and a 1-year high of $155.84. The firm’s fifty day simple moving average is $122.86 and its 200-day simple moving average is $108.58. The company has a market capitalization of $40.60 billion, a PE ratio of 72.12, a price-to-earnings-growth ratio of 0.94 and a beta of 1.64.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. During the same period last year, the firm earned $0.56 EPS. As a group, sell-side analysts anticipate that Vertiv Holdings Co will post 2.7 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. This is an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. Vertiv’s payout ratio is presently 7.81%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VRT. UBS Group initiated coverage on shares of Vertiv in a report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target for the company. Mizuho raised their target price on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. The Goldman Sachs Group upped their price target on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Barclays cut their price objective on Vertiv from $142.00 to $131.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, Fox Advisors started coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating on the stock. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $138.57.

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.