Venturi Wealth Management LLC Acquires 4,575 Shares of Vertiv Holdings Co (NYSE:VRT)

Venturi Wealth Management LLC boosted its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 683.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,244 shares of the company's stock after purchasing an additional 4,575 shares during the period. Venturi Wealth Management LLC's holdings in Vertiv were worth $596,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. D.A. Davidson & CO. boosted its holdings in Vertiv by 5.9% in the fourth quarter. D.A. Davidson & CO. now owns 4,784 shares of the company's stock valued at $544,000 after acquiring an additional 265 shares in the last quarter. Truist Financial Corp lifted its position in shares of Vertiv by 51.2% in the 4th quarter. Truist Financial Corp now owns 66,578 shares of the company's stock worth $7,564,000 after purchasing an additional 22,544 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Vertiv by 13.5% during the 4th quarter. CIBC Asset Management Inc now owns 15,279 shares of the company's stock valued at $1,736,000 after purchasing an additional 1,818 shares in the last quarter. Pittenger & Anderson Inc. increased its position in shares of Vertiv by 92.0% during the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock valued at $36,000 after buying an additional 150 shares during the period. Finally, Woodard & Co. Asset Management Group Inc. ADV bought a new position in Vertiv in the fourth quarter worth about $712,000. 89.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on VRT shares. Citigroup lifted their price target on Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, December 9th. JPMorgan Chase & Co. upped their target price on shares of Vertiv from $124.00 to $132.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 19th. Fox Advisors began coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an "equal weight" rating for the company. The Goldman Sachs Group boosted their price objective on shares of Vertiv from $126.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Finally, Melius downgraded shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price for the company. in a research note on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $138.57.

Insider Activity at Vertiv

In other news, Director Jan Van Dokkum sold 38,647 shares of the company's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $136.39, for a total value of $5,271,064.33. Following the completion of the sale, the director now directly owns 25,000 shares in the company, valued at $3,409,750. This represents a 60.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value 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 trade represents a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.01% of the stock is owned by company insiders.

Vertiv Stock Down 8.6 %

Shares of VRT stock traded down $9.05 during mid-day trading on Friday, hitting $95.78. The company's stock had a trading volume of 11,243,697 shares, compared to its average volume of 10,069,213. Vertiv Holdings Co has a 52-week low of $61.25 and a 52-week high of $155.84. The business has a 50-day moving average price of $121.49 and a 200 day moving average price of $109.27. The stock has a market cap of $35.95 billion, a price-to-earnings ratio of 74.83, a PEG ratio of 1.10 and a beta of 1.64. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.15. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. During the same quarter in the prior year, the firm posted $0.56 EPS. Research analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

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.