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Kestra Private Wealth Services LLC Raises Holdings in Vertiv Holdings Co (NYSE:VRT)

Vertiv logo with Computer and Technology background

Kestra Private Wealth Services LLC increased its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 64.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,314 shares of the company's stock after buying an additional 2,861 shares during the period. Kestra Private Wealth Services LLC's holdings in Vertiv were worth $831,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. purchased a new position in shares of Vertiv in the 4th quarter valued at about $26,000. OLD Second National Bank of Aurora purchased a new position in Vertiv in the fourth quarter valued at approximately $30,000. Krane Funds Advisors LLC acquired a new stake in Vertiv during the third quarter worth approximately $29,000. Global Trust Asset Management LLC acquired a new stake in Vertiv during the third quarter worth approximately $30,000. Finally, Mark Sheptoff Financial Planning LLC lifted its position 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 buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on VRT. JPMorgan Chase & Co. lifted their price target on shares of Vertiv from $124.00 to $132.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 19th. Evercore ISI cut their target price on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Citigroup upped their target price on Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Bank of America lifted their price target on Vertiv from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Finally, Morgan Stanley began coverage on Vertiv in a research note on Monday, January 6th. They issued an "overweight" rating and a $150.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $138.57.

Check Out Our Latest Research Report on Vertiv

Vertiv Stock Performance

NYSE:VRT traded down $1.10 during midday trading on Monday, reaching $108.18. The stock had a trading volume of 7,151,695 shares, compared to its average volume of 10,545,410. 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 cap of $40.60 billion, a P/E ratio of 72.12, a P/E/G ratio of 0.94 and a beta of 1.64. The firm has a fifty day simple moving average of $122.50 and a two-hundred day simple moving average of $109.03. Vertiv Holdings Co has a 12-month low of $55.00 and a 12-month high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.15. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. During the same period in the prior year, the business earned $0.56 EPS. On average, equities analysts expect that Vertiv Holdings Co will post 2.7 EPS for the current year.

Insider Transactions at Vertiv

In other news, EVP Stephen Liang sold 86,619 shares of the company's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the transaction, the executive vice president now directly owns 19,551 shares of the company's stock, valued at $2,562,549.57. This represents a 81.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jan Van Dokkum sold 38,647 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the completion of the sale, the director now owns 25,000 shares of the company's stock, valued at $3,409,750. This trade represents a 60.72 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 171,527 shares of company stock valued at $23,105,682. Corporate insiders own 5.01% of the company's stock.

Vertiv Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Vertiv (NYSE:VRT)

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