Wealth Management Partners LLC Buys New Stake in Vertiv Holdings Co (NYSE:VRT)

Wealth Management Partners LLC purchased a new position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,780 shares of the company's stock, valued at approximately $316,000.

Several other institutional investors also recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV lifted its position in shares of Vertiv by 166.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 11,730 shares of the company's stock valued at $1,015,000 after acquiring an additional 7,327 shares in the last quarter. Amalgamated Bank grew its position in Vertiv by 18.2% in the second quarter. Amalgamated Bank now owns 24,195 shares of the company's stock worth $2,095,000 after acquiring an additional 3,734 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in Vertiv by 14.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 22,407 shares of the company's stock worth $1,913,000 after acquiring an additional 2,897 shares during the last quarter. Blair William & Co. IL raised its position in Vertiv by 97.3% in the second quarter. Blair William & Co. IL now owns 6,857 shares of the company's stock valued at $594,000 after purchasing an additional 3,382 shares during the period. Finally, Intech Investment Management LLC raised its position in Vertiv by 72.1% in the second quarter. Intech Investment Management LLC now owns 32,898 shares of the company's stock valued at $2,848,000 after purchasing an additional 13,784 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Price Performance

Shares of Vertiv stock traded up $3.35 during trading on Monday, hitting $135.94. 4,912,411 shares of the company were exchanged, compared to its average volume of 4,839,224. The firm has a 50 day moving average price of $126.07 and a 200 day moving average price of $103.68. The stock 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. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. Vertiv Holdings Co has a fifty-two week low of $49.67 and a fifty-two week high of $145.67.

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

Vertiv Increases Dividend

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

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Mizuho raised their price objective on Vertiv from $125.00 to $145.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 19th. Fox Advisors started coverage on shares of Vertiv in a research note on Monday, January 6th. They set an "equal weight" rating on the stock. Jefferies Financial Group started coverage on shares of Vertiv in a research report on Monday, October 7th. They issued a "buy" rating and a $125.00 price target for the company. Bank of America boosted their price target on shares of Vertiv from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Finally, UBS Group started coverage on Vertiv in a research note on Wednesday, November 13th. They issued a "buy" rating and a $155.00 price objective for the company. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $141.75.

Insiders Place Their Bets

In other Vertiv news, Director Jakki L. Haussler sold 15,347 shares of the firm's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total value of $2,108,370.86. Following the transaction, the director now owns 3,425 shares of the company's stock, valued at $470,526.50. This trade represents a 81.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Stephen Liang sold 86,619 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the completion of the sale, the executive vice president now directly owns 19,551 shares in the company, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 171,527 shares of company stock worth $23,105,682 over the last quarter. 5.01% of the stock is owned by corporate insiders.

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.