Hennion & Walsh Asset Management Inc. Purchases 3,119 Shares of Vertiv Holdings Co (NYSE:VRT)

Hennion & Walsh Asset Management Inc. increased its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 23.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,569 shares of the company's stock after purchasing an additional 3,119 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Vertiv were worth $1,882,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Mason & Associates Inc bought a new position in shares of Vertiv during the 4th quarter valued at about $343,000. StrongBox Wealth LLC purchased a new position in Vertiv in the 4th quarter worth $210,000. BluePath Capital Management LLC boosted its holdings in Vertiv by 10.3% during the 4th quarter. BluePath Capital Management LLC now owns 2,272 shares of the company's stock valued at $282,000 after acquiring an additional 212 shares during the period. HCR Wealth Advisors bought a new position in Vertiv during the 4th quarter worth approximately $275,000. Finally, Armstrong Advisory Group Inc. lifted its position in Vertiv by 37.7% in the fourth quarter. Armstrong Advisory Group Inc. now owns 519 shares of the company's stock valued at $59,000 after purchasing an additional 142 shares during the last quarter. Institutional investors own 89.92% of the company's stock.

Vertiv Stock Up 2.5 %

NYSE VRT traded up $3.35 during trading hours on Friday, reaching $135.94. 4,912,411 shares of the company's stock traded hands, compared to its average volume of 4,839,224. The firm has a market cap of $51.02 billion, a PE ratio of 90.63, a PEG ratio of 0.99 and a beta of 1.63. 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 Holdings Co has a 52-week low of $49.67 and a 52-week high of $145.67. The firm has a 50-day simple moving average of $126.07 and a 200 day simple moving average of $103.50.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the business posted $0.52 EPS. The firm's quarterly revenue was up 19.0% compared to the same quarter last year. Sell-side analysts anticipate that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently commented on VRT. Oppenheimer upped their price target on shares of Vertiv from $121.00 to $131.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. Jefferies Financial Group started coverage on Vertiv in a report on Monday, October 7th. They set a "buy" rating and a $125.00 price target on the stock. Evercore ISI dropped their price objective on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a report on Friday. TD Cowen boosted their target price on Vertiv from $115.00 to $141.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Finally, The Goldman Sachs Group raised their price target on Vertiv from $126.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Vertiv presently has a consensus rating of "Moderate Buy" and a consensus target price of $141.75.

Insider Activity at Vertiv

In other news, EVP Stephen Liang sold 86,619 shares of the business's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the transaction, the executive vice president now owns 19,551 shares in the company, valued at $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jakki L. Haussler sold 15,347 shares of the stock in a transaction 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 sale, the director now directly owns 3,425 shares in the company, 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. In the last ninety days, insiders have sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is owned by insiders.

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.