Vertiv Holdings Co (NYSE:VRT) Shares Sold by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC reduced its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 11.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,241 shares of the company's stock after selling 2,414 shares during the period. Ameritas Advisory Services LLC's holdings in Vertiv were worth $2,072,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Anchor Investment Management LLC purchased a new stake in Vertiv in the second quarter valued at about $26,000. Krane Funds Advisors LLC purchased a new position in shares of Vertiv in the 3rd quarter valued at approximately $29,000. Global Trust Asset Management LLC acquired a new stake in Vertiv in the 3rd quarter worth approximately $30,000. Brooklyn Investment Group purchased a new stake in Vertiv during the 3rd quarter worth approximately $30,000. Finally, Mark Sheptoff Financial Planning LLC increased its stake in Vertiv by 200.0% during 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 in the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Vertiv Price Performance

Shares of NYSE VRT traded up $7.28 during trading on Tuesday, hitting $143.16. The company had a trading volume of 7,394,635 shares, compared to its average volume of 6,071,492. The firm has a market capitalization of $53.73 billion, a price-to-earnings ratio of 95.44, a price-to-earnings-growth ratio of 1.06 and a beta of 1.63. The stock has a fifty day simple moving average of $126.25 and a two-hundred day simple moving average of $103.98. 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 $52.40 and a fifty-two week high of $145.67.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. Vertiv's quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 EPS. On average, research analysts expect that Vertiv Holdings Co will post 2.7 earnings per share for the current year.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were issued a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.10%. This is a positive change from Vertiv's previous quarterly dividend of $0.03. Vertiv's dividend payout ratio (DPR) is presently 6.67%.

Insiders Place Their Bets

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the firm's stock in a transaction that occurred 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 directly owns 19,448 shares of the company's stock, valued at $2,751,114.08. This trade represents a 61.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jakki L. Haussler sold 15,347 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total value of $2,108,370.86. Following the completion of the sale, the director now owns 3,425 shares of the company's stock, valued at $470,526.50. This trade represents a 81.75 % 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 insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on VRT. Barclays assumed coverage on shares of Vertiv in a report on Thursday, December 12th. They set an "equal weight" rating and a $142.00 price objective on the stock. UBS Group initiated coverage on Vertiv in a research note on Wednesday, November 13th. They set a "buy" rating and a $155.00 price objective for the company. Evercore ISI lowered their price objective on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday. Morgan Stanley assumed coverage on shares of Vertiv in a report on Monday, January 6th. They set an "overweight" rating and a $150.00 target price for the company. Finally, Bank of America increased their price target on shares of Vertiv from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Vertiv has a consensus rating of "Moderate Buy" and an average price target of $141.75.

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.