2,114 Shares in Vertiv Holdings Co (NYSE:VRT) Bought by Brendel Financial Advisors LLC

Brendel Financial Advisors LLC purchased a new stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,114 shares of the company's stock, valued at approximately $240,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Anchor Investment Management LLC bought a new position in shares of Vertiv during the 2nd quarter valued at about $26,000. Krane Funds Advisors LLC purchased a new stake in shares of Vertiv in the 3rd quarter valued at $29,000. Global Trust Asset Management LLC purchased a new position in Vertiv in the 3rd quarter worth $30,000. Mark Sheptoff Financial Planning LLC lifted its stake in Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock worth $30,000 after purchasing an additional 200 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Vertiv during the third quarter valued at about $30,000. Hedge funds and other institutional investors own 89.92% of the company's stock.

Vertiv Stock Up 2.3 %

Shares of VRT stock traded up $2.91 during trading hours on Wednesday, hitting $131.86. 3,288,783 shares of the company's stock traded hands, compared to its average volume of 6,108,034. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The stock's fifty day simple moving average is $125.42 and its two-hundred day simple moving average is $102.74. Vertiv Holdings Co has a 12-month low of $48.86 and a 12-month high of $145.67. The stock has a market cap of $49.49 billion, a price-to-earnings ratio of 87.91, a PEG ratio of 1.29 and a beta of 1.63.

Vertiv (NYSE:VRT - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07. The business 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 company's revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 earnings per share. On average, analysts expect that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were paid a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This is a positive change from Vertiv's previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. Vertiv's payout ratio is currently 6.67%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Citigroup raised their price target on Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Oppenheimer increased their price target on shares of Vertiv from $121.00 to $131.00 and gave the company an "outperform" rating in a research report on Tuesday, November 19th. Mizuho increased their target price on shares of Vertiv from $125.00 to $145.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. Bank of America upped their price target on Vertiv from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Finally, Barclays assumed coverage on Vertiv in a research report 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 issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $140.92.

Insider Activity at Vertiv

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the 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 approximately $2,751,114.08. This represents a 61.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jakki L. Haussler sold 15,347 shares of the business's stock in a transaction dated 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 sale, the director now owns 3,425 shares of the company's stock, valued at approximately $470,526.50. This 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 worth $23,105,682 over the last quarter. Company insiders own 5.01% of the company's stock.

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.