Channel Wealth LLC Cuts Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Channel Wealth LLC lowered its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 9.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,789 shares of the company's stock after selling 2,069 shares during the quarter. Channel Wealth LLC's holdings in Vertiv were worth $2,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of VRT. KMG Fiduciary Partners LLC purchased a new position in Vertiv in the fourth quarter worth $3,266,000. Bouvel Investment Partners LLC increased its position in Vertiv by 1.1% during the 4th quarter. Bouvel Investment Partners LLC now owns 11,097 shares of the company's stock valued at $1,261,000 after buying an additional 117 shares in the last quarter. Capital Advisors Wealth Management LLC purchased a new stake in Vertiv in the fourth quarter valued at about $209,000. Retireful LLC acquired a new stake in Vertiv in the fourth quarter worth about $1,554,000. Finally, Carnegie Investment Counsel grew its stake in shares of Vertiv by 28.2% during the fourth quarter. Carnegie Investment Counsel now owns 8,138 shares of the company's stock worth $925,000 after acquiring an additional 1,790 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.

Vertiv Price Performance

Shares of NYSE:VRT traded up $3.35 during trading on Friday, reaching $135.94. The stock had a trading volume of 4,258,908 shares, compared to its average volume of 5,838,543. The business has a fifty day moving average price of $125.86 and a 200-day moving average price of $103.16. Vertiv Holdings Co has a 1-year low of $49.67 and a 1-year high of $145.67. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. The stock has a market cap of $51.02 billion, a PE ratio of 90.63, a PEG ratio of 0.99 and a beta of 1.63.

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

Vertiv Increases Dividend

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

Insider Activity at Vertiv

In other news, Director Jakki L. Haussler sold 15,347 shares of Vertiv stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total value of $2,108,370.86. Following the completion of the sale, the director now directly owns 3,425 shares of the company's stock, valued at approximately $470,526.50. The trade was a 81.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Anand Sanghi sold 30,914 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value of $4,373,094.44. Following the transaction, the insider now directly owns 19,448 shares in the company, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 171,527 shares of company stock worth $23,105,682. Insiders own 5.01% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on VRT shares. Mizuho lifted their target price on shares of Vertiv from $125.00 to $145.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 19th. Citigroup increased their price objective 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. Oppenheimer upped their target price on Vertiv from $121.00 to $131.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 19th. UBS Group initiated coverage on shares of Vertiv in a report on Wednesday, November 13th. They set a "buy" rating and a $155.00 price target on the stock. Finally, Fox Advisors initiated coverage on shares of Vertiv in a report on Monday, January 6th. They issued an "equal weight" rating for the company. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $141.75.

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.