Vertiv Holdings Co (NYSE:VRT) Shares Sold by Shelton Wealth Management LLC

Shelton Wealth Management LLC lessened its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 21.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,398 shares of the company's stock after selling 2,914 shares during the quarter. Shelton Wealth Management LLC's holdings in Vertiv were worth $1,181,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Anchor Investment Management LLC purchased a new stake in Vertiv during the second quarter valued at approximately $26,000. Krane Funds Advisors LLC purchased a new stake in Vertiv during the 3rd quarter valued at $29,000. Global Trust Asset Management LLC bought a new stake in Vertiv in the third quarter worth $30,000. Mark Sheptoff Financial Planning LLC boosted its stake in Vertiv by 200.0% during the third 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 period. Finally, Brooklyn Investment Group bought a new position in Vertiv during the third quarter valued at $30,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on VRT. Mizuho upped their price target on shares of Vertiv from $125.00 to $145.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. UBS Group initiated coverage on Vertiv in a research note on Wednesday, November 13th. They set a "buy" rating and a $155.00 target price on the stock. Morgan Stanley began coverage on Vertiv in a research note on Monday, January 6th. They set an "overweight" rating and a $150.00 price target for the company. Fox Advisors started coverage on Vertiv in a research report on Monday, January 6th. They issued an "equal weight" rating on the stock. Finally, Bank of America lifted their target price on Vertiv from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $141.75.

Vertiv Stock Up 2.5 %

Shares of NYSE:VRT traded up $3.35 during trading hours on Friday, hitting $135.94. The company's stock had a trading volume of 4,912,411 shares, compared to its average volume of 4,839,224. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The firm's fifty day moving average price is $126.07 and its 200 day moving average price is $103.50. Vertiv Holdings Co has a 52 week low of $49.67 and a 52 week high of $145.67. The company has a market capitalization of $51.02 billion, a price-to-earnings ratio of 90.63, a P/E/G ratio of 0.99 and a beta of 1.63.

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

Vertiv Increases Dividend

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

Insider Activity at Vertiv

In other news, EVP Stephen Liang sold 86,619 shares of the company's stock in a transaction dated 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 owns 19,551 shares in the company, valued at $2,562,549.57. This represents a 81.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction that occurred on 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 completion of the sale, the insider now owns 19,448 shares of the company's stock, valued at $2,751,114.08. This trade represents a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 171,527 shares of company stock valued at $23,105,682 over the last 90 days. Insiders own 5.01% of the company's stock.

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.