Wealthcare Advisory Partners LLC Buys 986 Shares of Vertiv Holdings Co (NYSE:VRT)

Wealthcare Advisory Partners LLC boosted its stake in Vertiv Holdings Co (NYSE:VRT) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,293 shares of the company’s stock after acquiring an additional 986 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Vertiv were worth $1,965,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Procyon Advisors LLC boosted its stake in shares of Vertiv by 73.3% in the 4th quarter. Procyon Advisors LLC now owns 9,395 shares of the company’s stock valued at $1,067,000 after purchasing an additional 3,973 shares during the last quarter. KMG Fiduciary Partners LLC bought a new stake in Vertiv during the fourth quarter valued at $3,266,000. Bouvel Investment Partners LLC boosted its position in Vertiv by 1.1% during the fourth quarter. Bouvel Investment Partners LLC now owns 11,097 shares of the company’s stock valued at $1,261,000 after acquiring an additional 117 shares during the last quarter. Capital Advisors Wealth Management LLC acquired a new stake in Vertiv during the fourth quarter worth approximately $209,000. Finally, Retireful LLC acquired a new stake in shares of Vertiv during the 4th quarter worth approximately $1,554,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on VRT shares. Barclays started coverage on Vertiv in a research report on Thursday, December 12th. They issued an “equal weight” rating and a $142.00 target price for the company. The Goldman Sachs Group increased their target price on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Fox Advisors started coverage on Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating on the stock. Morgan Stanley started coverage on Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 price target for the company. Finally, UBS Group assumed coverage on Vertiv in a research report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $141.75.

Vertiv Stock Up 2.5 %

VRT stock opened at $135.94 on Friday. The stock has a fifty day moving average of $126.07 and a 200-day moving average of $103.50. Vertiv Holdings Co has a fifty-two week low of $49.67 and a fifty-two week high of $145.67. The company has a market capitalization of $51.02 billion, a price-to-earnings ratio of 90.63, a PEG ratio of 0.99 and a beta of 1.63. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the company posted $0.52 EPS. The firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. As a group, equities research analysts predict that Vertiv Holdings Co will post 2.69 earnings per share for the current year.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were paid a dividend of $0.0375 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 annualized dividend and a yield of 0.11%. This is a boost from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s payout ratio is currently 6.67%.

Insider Buying and Selling

In other news, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now owns 19,551 shares of the company’s stock, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the business’s 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 owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 171,527 shares of company stock valued at $23,105,682. Company insiders own 5.01% of the company’s stock.

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.