WealthBridge Capital Management LLC Invests $360,000 in Vertiv Holdings Co (NYSE:VRT)

WealthBridge Capital Management LLC acquired a new position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,171 shares of the company's stock, valued at approximately $360,000.

Other hedge funds also recently made changes to their positions in the company. Silverleafe Capital Partners LLC purchased a new position in shares of Vertiv in the fourth quarter valued at $4,219,000. Foundations Investment Advisors LLC increased its holdings in Vertiv by 7.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company's stock valued at $21,076,000 after acquiring an additional 13,559 shares in the last quarter. Empowered Funds LLC raised its position in Vertiv by 67.0% during the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock worth $1,043,000 after acquiring an additional 3,682 shares during the last quarter. Janney Capital Management LLC purchased a new stake in shares of Vertiv in the third quarter valued at about $8,403,000. Finally, Gordian Capital Singapore Pte Ltd lifted its stake in Vertiv by 112.5% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company's stock valued at $846,000 after buying an additional 4,500 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Insider Activity

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president now directly owns 19,551 shares of the company's stock, valued at $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 stock was sold at an average price of $136.39, for a total value of $5,271,064.33. Following the transaction, the director now 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. Insiders own 5.01% of the company's stock.

Vertiv Trading Down 7.7 %

VRT stock traded down $8.08 during trading on Friday, reaching $96.75. 13,098,391 shares of the stock traded hands, compared to its average volume of 10,128,557. The firm has a market capitalization of $36.31 billion, a PE ratio of 75.41, a P/E/G ratio of 1.10 and a beta of 1.64. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The business's 50 day moving average price is $121.49 and its 200-day moving average price is $109.27. Vertiv Holdings Co has a 52-week low of $61.25 and a 52-week high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last posted 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 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 earnings per share. As a group, sell-side analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on VRT. The Goldman Sachs Group raised their price target on Vertiv from $126.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. TD Cowen boosted their target price on shares of Vertiv from $115.00 to $141.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Melius lowered shares of Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price on the stock. in a report on Tuesday, January 28th. Morgan Stanley initiated coverage on shares of Vertiv in a report on Monday, January 6th. They set an "overweight" rating and a $150.00 price target for the company. Finally, Evercore ISI reduced their price objective on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research note on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $138.57.

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.