Friedenthal Financial Buys New Holdings in Vertiv Holdings Co (NYSE:VRT)

Friedenthal Financial acquired a new position in Vertiv Holdings Co (NYSE:VRT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,746 shares of the company's stock, valued at approximately $766,000.

Other large investors also recently modified their holdings of the company. Grassi Investment Management bought a new stake in Vertiv in the 4th quarter worth about $1,380,000. Harbour Capital Advisors LLC boosted its stake in shares of Vertiv by 5.3% in the 4th quarter. Harbour Capital Advisors LLC now owns 17,925 shares of the company's stock worth $2,253,000 after buying an additional 910 shares during the last quarter. Wedmont Private Capital grew its holdings in shares of Vertiv by 8.8% in the fourth quarter. Wedmont Private Capital now owns 2,268 shares of the company's stock valued at $258,000 after acquiring an additional 183 shares in the last quarter. Kieckhefer Group LLC purchased a new stake in shares of Vertiv during the fourth quarter valued at approximately $4,090,000. Finally, ORG Partners LLC lifted its holdings in Vertiv by 108.7% during the fourth quarter. ORG Partners LLC now owns 956 shares of the company's stock worth $109,000 after acquiring an additional 498 shares during the period. Institutional investors own 89.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on VRT shares. TD Cowen upped their price objective on Vertiv from $115.00 to $141.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Citigroup raised their price objective on shares of Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Jefferies Financial Group began coverage on shares of Vertiv in a research report on Monday, October 7th. They issued a "buy" rating and a $125.00 price objective on the stock. Oppenheimer increased their target price 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. Finally, Evercore ISI lifted their price target on shares of Vertiv from $125.00 to $135.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Vertiv currently has an average rating of "Moderate Buy" and an average target price of $140.92.

Insider Buying and Selling

In other news, insider Anand Sanghi sold 30,914 shares of the firm's stock in a transaction on 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 sale, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jakki L. Haussler sold 15,347 shares of the company's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the completion of the transaction, 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. Over the last three months, insiders have sold 171,527 shares of company stock worth $23,105,682. Insiders own 5.01% of the company's stock.

Vertiv Price Performance

VRT stock traded down $4.87 during mid-day trading on Monday, reaching $124.06. 6,850,621 shares of the company traded hands, compared to its average volume of 6,517,258. The company has a fifty day moving average price of $125.10 and a 200-day moving average price of $102.45. The company has a market capitalization of $46.56 billion, a P/E ratio of 82.71, a P/E/G ratio of 1.29 and a beta of 1.63. Vertiv Holdings Co has a 52-week low of $48.86 and a 52-week high of $145.67. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating 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 firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the firm earned $0.52 EPS. The business's quarterly revenue was up 19.0% compared to the same quarter last year. As a group, analysts anticipate that Vertiv Holdings Co will post 2.69 earnings per share for the current year.

Vertiv Increases Dividend

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

Vertiv Company 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.