Kestra Investment Management LLC Has $1.84 Million Stake in Vertiv Holdings Co (NYSE:VRT)

Kestra Investment Management LLC lessened its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 28.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,160 shares of the company's stock after selling 6,580 shares during the period. Kestra Investment Management LLC's holdings in Vertiv were worth $1,836,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of VRT. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv in the 4th quarter valued at $26,000. Global Trust Asset Management LLC acquired a new position in Vertiv during the 3rd quarter worth $30,000. Mark Sheptoff Financial Planning LLC lifted its position in Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock worth $30,000 after acquiring an additional 200 shares during the last quarter. Brooklyn Investment Group acquired a new position in Vertiv during the 3rd quarter worth $30,000. Finally, OLD Second National Bank of Aurora acquired a new position in Vertiv during the 4th quarter worth $30,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on VRT. Melius Research reissued a "hold" rating and set a $125.00 target price on shares of Vertiv in a research report on Tuesday, January 28th. Citigroup boosted their target price on shares of Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Evercore ISI cut their target price on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, January 17th. UBS Group began coverage on shares of Vertiv in a research report on Wednesday, November 13th. They set a "buy" rating and a $155.00 target price for the company. Finally, TD Cowen boosted their target price on shares of Vertiv from $115.00 to $141.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, Vertiv has a consensus rating of "Moderate Buy" and an average price target of $138.57.

Insider Activity at Vertiv

In related 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 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 $2,562,549.57. The trade was 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, Director Jan Van Dokkum sold 38,647 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the completion of the transaction, the director now owns 25,000 shares in the company, valued at approximately $3,409,750. This trade represents a 60.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.01% of the stock is currently owned by insiders.

Vertiv Price Performance

NYSE VRT traded down $8.91 on Friday, reaching $95.92. The company's stock had a trading volume of 15,613,964 shares, compared to its average volume of 10,219,645. The firm has a market cap 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 50-day moving average price of $120.90 and a 200 day moving average price of $109.46. Vertiv Holdings Co has a 52 week low of $61.25 and a 52 week high of $155.84. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share 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 period in the previous year, the company earned $0.56 EPS. Sell-side analysts expect that Vertiv Holdings Co will post 3.59 EPS 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.