SeaCrest Wealth Management LLC Buys 5,712 Shares of Vertiv Holdings Co (NYSE:VRT)

SeaCrest Wealth Management LLC grew its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 35.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,858 shares of the company's stock after purchasing an additional 5,712 shares during the quarter. SeaCrest Wealth Management LLC's holdings in Vertiv were worth $2,483,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of VRT. Krane Funds Advisors LLC acquired a new position in Vertiv in the 3rd quarter valued at $29,000. Anchor Investment Management LLC acquired a new stake in shares of Vertiv in the second quarter valued at about $26,000. Global Trust Asset Management LLC acquired a new stake in shares of Vertiv in the third quarter valued at about $30,000. Mark Sheptoff Financial Planning LLC increased its stake in shares of 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 period. Finally, FNY Investment Advisers LLC bought a new stake in Vertiv during the 4th quarter valued at approximately $34,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Price Performance

Shares of NYSE:VRT traded up $2.91 during midday trading on Wednesday, reaching $131.86. The company's stock had a trading volume of 3,288,783 shares, compared to its average volume of 6,108,034. The business's fifty day simple moving average is $125.42 and its 200-day simple moving average is $102.74. 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 fifty-two week low of $48.86 and a fifty-two week high of $145.67. The company has a market capitalization of $49.49 billion, a P/E ratio of 87.91, a P/E/G ratio of 1.29 and a beta of 1.63.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share 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 analysts' expectations of $1.98 billion. During the same quarter last year, the company posted $0.52 EPS. The company's quarterly revenue was up 19.0% compared to the same quarter last year. As a group, equities research analysts expect that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were issued a dividend of $0.0375 per share. This is an increase 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 yield of 0.11%. Vertiv's dividend payout ratio is currently 6.67%.

Insider Buying and Selling at Vertiv

In other news, Director Jakki L. Haussler sold 15,347 shares of Vertiv stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the completion of the sale, the director now owns 3,425 shares in the company, valued at $470,526.50. The trade was a 81.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Anand Sanghi sold 30,914 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now owns 19,448 shares in the company, valued at $2,751,114.08. This represents a 61.38 % 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 worth $23,105,682. Insiders own 5.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. 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. JPMorgan Chase & Co. upped their target price on shares of Vertiv from $124.00 to $132.00 and gave the company an "overweight" rating in a research note on Tuesday, November 19th. Mizuho raised their price target on shares of Vertiv from $125.00 to $145.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 19th. Oppenheimer raised their target price on Vertiv from $121.00 to $131.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 19th. Finally, Citigroup raised their price target on shares of Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Vertiv currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.92.

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.