Vertiv Holdings Co (NYSE:VRT) Shares Acquired by Goldstein Advisors LLC

Goldstein Advisors LLC increased its stake in Vertiv Holdings Co (NYSE:VRT) by 7.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,175 shares of the company’s stock after buying an additional 148 shares during the quarter. Goldstein Advisors LLC’s holdings in Vertiv were worth $247,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of VRT. Mercer Global Advisors Inc. ADV grew its stake in Vertiv by 166.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 11,730 shares of the company’s stock valued at $1,015,000 after purchasing an additional 7,327 shares in the last quarter. Amalgamated Bank grew its stake in Vertiv by 18.2% during the 2nd quarter. Amalgamated Bank now owns 24,195 shares of the company’s stock valued at $2,095,000 after purchasing an additional 3,734 shares in the last quarter. Blair William & Co. IL grew its stake in Vertiv by 97.3% during the 2nd quarter. Blair William & Co. IL now owns 6,857 shares of the company’s stock valued at $594,000 after purchasing an additional 3,382 shares in the last quarter. Frank Rimerman Advisors LLC acquired a new stake in Vertiv during the 2nd quarter valued at approximately $282,000. Finally, Bank of Montreal Can grew its stake in Vertiv by 41.0% during the 2nd quarter. Bank of Montreal Can now owns 156,531 shares of the company’s stock valued at $14,365,000 after purchasing an additional 45,525 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Trading Up 3.8 %

Shares of NYSE VRT opened at $148.54 on Thursday. The stock’s 50 day simple moving average is $127.11 and its 200 day simple moving average is $104.65. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The company has a market cap of $55.75 billion, a price-to-earnings ratio of 99.03, a price-to-earnings-growth ratio of 1.12 and a beta of 1.63. Vertiv Holdings Co has a 12-month low of $52.40 and a 12-month high of $154.79.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.07. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 EPS. Equities research analysts expect that Vertiv Holdings Co will post 2.7 EPS for the current year.

Vertiv Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.15 annualized dividend and a yield of 0.10%. This is an increase from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s payout ratio is presently 6.67%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on VRT. Evercore ISI lowered their price objective on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Barclays assumed coverage on Vertiv in a research report on Thursday, December 12th. They issued an “equal weight” rating and a $142.00 target price for the company. Fox Advisors assumed coverage on Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating for the company. Mizuho lifted their target price on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Finally, Jefferies Financial Group assumed coverage on Vertiv in a research report on Monday, October 7th. They issued a “buy” rating and a $125.00 target price for the company. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Vertiv presently has a consensus rating of “Moderate Buy” and an average price target of $141.75.

Insider Buying and Selling at Vertiv

In other news, Director Jan Van Dokkum sold 38,647 shares of Vertiv stock in a transaction on Monday, November 25th. The stock was sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the transaction, the director now directly owns 25,000 shares in the company, valued at approximately $3,409,750. This trade represents a 60.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction on Friday, November 22nd. The shares were 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 in the company, valued at approximately $2,751,114.08. This trade represents a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 171,527 shares of company stock valued at $23,105,682 in the last quarter. Corporate insiders own 5.01% of the company’s stock.

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.