6,077 Shares in Vertiv Holdings Co (NYSE:VRT) Purchased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC bought a new position in shares of Vertiv Holdings Co (NYSE:VRT) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,077 shares of the company’s stock, valued at approximately $496,000.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC purchased a new position in Vertiv during the fourth quarter worth about $26,000. Raleigh Capital Management Inc. boosted its stake in shares of Vertiv by 79.0% in the fourth quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock valued at $27,000 after purchasing an additional 252 shares during the period. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Vertiv in the fourth quarter valued at approximately $38,000. Quadrant Capital Group LLC boosted its stake in shares of Vertiv by 24.7% in the fourth quarter. Quadrant Capital Group LLC now owns 857 shares of the company’s stock valued at $41,000 after purchasing an additional 170 shares during the period. Finally, TFC Financial Management Inc. purchased a new position in shares of Vertiv in the fourth quarter valued at approximately $42,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Stock Down 0.1 %

VRT stock opened at $86.88 on Friday. The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 2.09. Vertiv Holdings Co has a twelve month low of $23.07 and a twelve month high of $109.27. The company’s 50 day moving average is $93.71 and its two-hundred day moving average is $73.87. The stock has a market cap of $32.52 billion, a P/E ratio of 83.54, a PEG ratio of 1.34 and a beta of 1.56.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter last year, the company earned $0.24 earnings per share. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. Research analysts expect that Vertiv Holdings Co will post 2.42 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Monday, June 17th were issued a $0.025 dividend. The ex-dividend date was Monday, June 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.12%. Vertiv’s payout ratio is 9.62%.

Analysts Set New Price Targets

Several research firms have recently commented on VRT. Citigroup raised their price objective on shares of Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Bank of America raised their price objective on shares of Vertiv from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. Evercore ISI raised their price objective on shares of Vertiv from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Friday, June 14th. Oppenheimer lifted their price target on shares of Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $92.11.

Insider Activity

In other news, Director Doherty Philip O’ sold 2,511,295 shares of Vertiv stock in a transaction on Monday, April 29th. The shares were sold at an average price of $93.64, for a total value of $235,157,663.80. Following the transaction, the director now directly owns 9,324,181 shares of the company’s stock, valued at approximately $873,116,308.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Doherty Philip O’ sold 2,511,295 shares of Vertiv stock in a transaction on Monday, April 29th. The shares were sold at an average price of $93.64, for a total value of $235,157,663.80. Following the transaction, the director now directly owns 9,324,181 shares of the company’s stock, valued at approximately $873,116,308.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Roger Fradin sold 16,667 shares of Vertiv stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $103.86, for a total transaction of $1,731,034.62. Following the completion of the transaction, the director now directly owns 218,333 shares in the company, valued at $22,676,065.38. The disclosure for this sale can be found here. Insiders have sold 4,162,739 shares of company stock valued at $400,713,362 in the last ninety days. 5.01% of the stock is currently owned by company insiders.

About Vertiv

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.