Vertiv Holdings Co (NYSE:VRT) Shares Acquired by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC increased its position in Vertiv Holdings Co (NYSE:VRT) by 35.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 21,858 shares of the company’s stock after purchasing an additional 5,712 shares during the period. SeaCrest Wealth Management LLC’s holdings in Vertiv were worth $2,483,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Anchor Investment Management LLC purchased a new stake in Vertiv in the second quarter valued at approximately $26,000. Krane Funds Advisors LLC purchased a new position in shares of Vertiv during the third quarter worth approximately $29,000. Global Trust Asset Management LLC acquired a new position in shares of Vertiv in the 3rd quarter valued at $30,000. Mark Sheptoff Financial Planning LLC raised its position in Vertiv by 200.0% in the 3rd 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 last quarter. Finally, Brooklyn Investment Group acquired a new stake in Vertiv during the 3rd quarter worth $30,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Stock Performance

NYSE:VRT opened at $128.67 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. Vertiv Holdings Co has a fifty-two week low of $48.86 and a fifty-two week high of $145.67. The firm’s fifty day simple moving average is $125.42 and its 200-day simple moving average is $102.74. The stock has a market cap of $48.29 billion, a PE ratio of 85.78, a price-to-earnings-growth ratio of 1.29 and a beta of 1.63.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the business posted $0.52 earnings per share. The firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. Analysts expect that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were issued a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This is a boost from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 0.12%. Vertiv’s payout ratio is currently 6.67%.

Insiders Place Their Bets

In other news, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the completion of the transaction, the executive vice president now owns 19,551 shares of the company’s stock, valued at $2,562,549.57. The trade was a 81.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Anand Sanghi sold 30,914 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the completion of the sale, the insider now directly owns 19,448 shares in the company, valued at approximately $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. Over the last ninety days, insiders have sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on VRT shares. Oppenheimer lifted their price objective on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Mizuho boosted their price target on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Morgan Stanley assumed coverage on Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective for the company. Fox Advisors initiated coverage on Vertiv in a report on Monday, January 6th. They set an “equal weight” rating for the company. Finally, Barclays started coverage on shares of Vertiv in a research note on Thursday, December 12th. They issued an “equal weight” rating and a $142.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $140.92.

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.