Csenge Advisory Group Takes $2.04 Million Position in Vertiv Holdings Co (NYSE:VRT)

Csenge Advisory Group purchased a new stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 17,934 shares of the company's stock, valued at approximately $2,037,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. bought a new stake in shares of Vertiv during the 4th quarter worth $26,000. Global Trust Asset Management LLC bought a new stake in shares of Vertiv during the 3rd quarter worth $30,000. Mark Sheptoff Financial Planning LLC boosted its stake in shares of Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock worth $30,000 after acquiring an additional 200 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Vertiv during the 3rd quarter worth $30,000. Finally, OLD Second National Bank of Aurora bought a new stake in shares of Vertiv during the 4th quarter worth $30,000. 89.92% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Anand Sanghi sold 30,914 shares of the business's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the transaction, the insider now directly owns 19,448 shares in the company, valued at $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jan Van Dokkum sold 38,647 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $136.39, for a total value of $5,271,064.33. Following the transaction, the director now owns 25,000 shares in the company, valued at $3,409,750. This represents a 60.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 156,180 shares of company stock valued at $20,997,311. Insiders own 5.01% of the company's stock.

Vertiv Stock Down 3.0 %

Shares of NYSE:VRT traded down $3.28 on Thursday, reaching $104.56. The company had a trading volume of 9,021,452 shares, compared to its average volume of 10,055,946. Vertiv Holdings Co has a twelve month low of $55.00 and a twelve month high of $155.84. 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 has a market capitalization of $39.24 billion, a P/E ratio of 81.69, a P/E/G ratio of 1.12 and a beta of 1.64. The stock has a 50-day moving average price of $121.91 and a 200 day moving average price of $109.30.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.15. Vertiv had a return on equity of 69.69% and a net margin of 6.19%. During the same quarter in the previous year, the firm posted $0.56 earnings per share. On average, equities analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VRT. The Goldman Sachs Group raised their price objective on Vertiv from $126.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Citigroup raised their target price on Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. TD Cowen lifted their price target on Vertiv from $115.00 to $141.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. UBS Group assumed coverage on Vertiv in a report on Wednesday, November 13th. They set a "buy" rating and a $155.00 price target on the stock. Finally, Melius downgraded Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price target on the stock. in a report on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $138.57.

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.