Ellevest Inc. Has $272,000 Stock Position in Vertiv Holdings Co (NYSE:VRT)

Ellevest Inc. increased its position in shares of Vertiv Holdings Co (NYSE:VRT) by 5.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,393 shares of the company’s stock after buying an additional 133 shares during the period. Ellevest Inc.’s holdings in Vertiv were worth $272,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Foundations Investment Advisors LLC increased its holdings in Vertiv by 7.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock valued at $21,076,000 after buying an additional 13,559 shares during the period. Empowered Funds LLC boosted its position in shares of Vertiv by 67.0% during the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock valued at $1,043,000 after acquiring an additional 3,682 shares in the last quarter. Register Financial Advisors LLC bought a new stake in Vertiv in the fourth quarter valued at about $217,000. Ibex Wealth Advisors acquired a new position in Vertiv in the fourth quarter worth about $7,583,000. Finally, PFG Investments LLC bought a new position in Vertiv during the fourth quarter worth about $617,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Stock Down 1.6 %

Vertiv stock opened at $94.17 on Friday. The company has a 50 day moving average of $80.47 and a 200-day moving average of $106.24. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a twelve month low of $53.60 and a twelve month high of $155.84. The stock has a market capitalization of $35.89 billion, a PE ratio of 73.57, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $1.94 billion. During the same period in the prior year, the business earned $0.43 EPS. The company’s revenue for the quarter was up 24.2% compared to the same quarter last year. On average, equities research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.16%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv’s payout ratio is 8.72%.

Insider Transactions at Vertiv

In other news, insider Karsten Winther sold 5,500 shares of the company’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the sale, the insider now directly owns 18,847 shares of the company’s stock, valued at approximately $1,777,837.51. This represents a 22.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.63% of the company’s stock.

Analyst Ratings Changes

VRT has been the topic of several analyst reports. Royal Bank of Canada initiated coverage on Vertiv in a research note on Friday, March 7th. They issued an “outperform” rating and a $121.00 price objective on the stock. KGI Securities started coverage on Vertiv in a research report on Thursday, April 24th. They issued a “hold” rating on the stock. Evercore ISI cut their price objective on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Melius Research reaffirmed a “hold” rating and issued a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Finally, Roth Mkm began coverage on shares of Vertiv in a report on Tuesday, April 8th. They set a “buy” rating and a $75.00 price target for the company. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Vertiv currently has an average rating of “Moderate Buy” and a consensus price target of $120.38.

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.