Empowered Funds LLC Has $1.04 Million Stock Position in Vertiv Holdings Co (NYSE:VRT)

Empowered Funds LLC raised its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 67.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,180 shares of the company's stock after buying an additional 3,682 shares during the quarter. Empowered Funds LLC's holdings in Vertiv were worth $1,043,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in VRT. SOA Wealth Advisors LLC. acquired a new position in shares of Vertiv in the 4th quarter valued at about $26,000. Global Trust Asset Management LLC acquired a new position in shares of Vertiv in the 3rd quarter valued at about $30,000. Mark Sheptoff Financial Planning LLC increased its holdings in shares of Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock valued at $30,000 after purchasing an additional 200 shares during the period. Brooklyn Investment Group acquired a new position in Vertiv in the third quarter worth approximately $30,000. Finally, OLD Second National Bank of Aurora acquired a new position in Vertiv in the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Insider Activity

In related news, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction that occurred 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 sale, the executive vice president now owns 19,551 shares of the company's stock, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jan Van Dokkum sold 38,647 shares of Vertiv stock in a transaction that occurred on Monday, November 25th. The shares were 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 approximately $3,409,750. This represents a 60.72 % decrease in their position. The disclosure for this sale can be found here. 5.01% of the stock is currently owned by company insiders.

Analyst Ratings Changes

VRT has been the topic of a number of research reports. Melius Research restated a "hold" rating and issued a $125.00 price objective on shares of Vertiv in a report on Tuesday, January 28th. Mizuho increased their price objective on Vertiv from $125.00 to $145.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. Evercore ISI dropped their price objective on Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday, January 17th. Fox Advisors initiated coverage on Vertiv in a report on Monday, January 6th. They issued an "equal weight" rating on the stock. Finally, Oppenheimer increased their price objective on Vertiv from $121.00 to $131.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. 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, Vertiv currently has a consensus rating of "Moderate Buy" and a consensus target price of $138.57.

Vertiv Price Performance

Vertiv stock traded down $8.91 during mid-day trading on Friday, hitting $95.92. 15,613,964 shares of the company were exchanged, compared to its average volume of 10,219,645. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a 1-year low of $61.25 and a 1-year high of $155.84. The company has a market capitalization of $36.00 billion, a PE ratio of 74.93, a price-to-earnings-growth ratio of 1.10 and a beta of 1.64. The business has a fifty day moving average of $120.90 and a 200 day moving average of $109.46.

Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.15. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. During the same quarter in the previous year, the company earned $0.56 EPS. As a group, sell-side analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current 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.