Woodard & Co. Asset Management Group Inc. ADV Acquires Shares of 6,268 Vertiv Holdings Co (NYSE:VRT)

Woodard & Co. Asset Management Group Inc. ADV acquired 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 Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,268 shares of the company's stock, valued at approximately $712,000.

Other institutional investors have also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. purchased a new stake in Vertiv during the fourth quarter worth about $26,000. OLD Second National Bank of Aurora purchased a new stake in shares of Vertiv in the fourth quarter valued at about $30,000. Global Trust Asset Management LLC purchased a new stake in shares of Vertiv in the third quarter valued at about $30,000. Mark Sheptoff Financial Planning LLC lifted its holdings in shares of Vertiv by 200.0% in the third 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 in the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Vertiv in the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 89.92% of the company's stock.

Insiders Place Their Bets

In other news, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total value of $4,373,094.44. Following the completion of the sale, the insider now owns 19,448 shares in the company, valued at $2,751,114.08. The trade was a 61.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction on 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 transaction, the executive vice president now directly owns 19,551 shares in the company, valued at $2,562,549.57. This represents a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 156,180 shares of company stock valued at $20,997,311. 5.01% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Citigroup raised 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. Barclays lowered their price objective on shares of Vertiv from $142.00 to $131.00 and set an "equal weight" rating for the company in a research note on Thursday, February 13th. Melius Research reissued a "hold" rating and set a $125.00 price objective on shares of Vertiv in a research note on Tuesday, January 28th. Fox Advisors assumed coverage on shares of Vertiv in a research note on Monday, January 6th. They set an "equal weight" rating for the company. Finally, UBS Group assumed coverage on shares of Vertiv in a research note on Wednesday, November 13th. They set a "buy" rating and a $155.00 price objective for the company. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Vertiv has an average rating of "Moderate Buy" and an average price target of $138.57.

Vertiv Price Performance

NYSE:VRT traded down $3.28 on Thursday, reaching $104.56. The stock had a trading volume of 9,021,452 shares, compared to its average volume of 10,055,946. Vertiv Holdings Co has a 1-year low of $55.00 and a 1-year high of $155.84. The company has a market capitalization of $39.24 billion, a P/E ratio of 81.69, a price-to-earnings-growth ratio of 1.12 and a beta of 1.64. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The stock has a fifty day moving average price of $121.91 and a 200-day moving average price of $109.30.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share 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 69.69%. During the same quarter in the prior year, the business earned $0.56 earnings per share. Research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.

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.