Vertiv Holdings Co (NYSE:VRT) Shares Purchased by Avior Wealth Management LLC

Avior Wealth Management LLC boosted its holdings in Vertiv Holdings Co (NYSE:VRT) by 17.9% in the 4th quarter, HoldingsChannel reports. The fund owned 10,502 shares of the company’s stock after acquiring an additional 1,595 shares during the quarter. Avior Wealth Management LLC’s holdings in Vertiv were worth $504,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nordea Investment Management AB purchased a new position in shares of Vertiv in the 4th quarter valued at about $1,040,000. WT Asset Management Ltd purchased a new position in Vertiv in the fourth quarter valued at about $24,486,000. CenterBook Partners LP lifted its position in shares of Vertiv by 82.0% during the 3rd quarter. CenterBook Partners LP now owns 174,938 shares of the company’s stock valued at $6,508,000 after acquiring an additional 78,793 shares during the period. Quadrature Capital Ltd boosted its stake in shares of Vertiv by 791.6% during the 3rd quarter. Quadrature Capital Ltd now owns 92,628 shares of the company’s stock worth $3,445,000 after acquiring an additional 82,239 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Vertiv by 244.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 41,984 shares of the company’s stock worth $2,016,000 after acquiring an additional 29,804 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insider Activity at Vertiv

In other Vertiv news, CAO Scott Cripps sold 56,594 shares of Vertiv stock in a transaction on Friday, March 8th. The shares were sold at an average price of $70.76, for a total value of $4,004,591.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Vertiv news, CAO Scott Cripps sold 56,594 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $70.76, for a total transaction of $4,004,591.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Stephen Liang sold 306,196 shares of Vertiv stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $70.24, for a total value of $21,507,207.04. Following the completion of the transaction, the executive vice president now directly owns 51,841 shares in the company, valued at $3,641,311.84. The disclosure for this sale can be found here. 5.62% of the stock is owned by insiders.

Vertiv Trading Down 1.1 %

Shares of VRT opened at $81.01 on Friday. Vertiv Holdings Co has a fifty-two week low of $11.95 and a fifty-two week high of $88.69. The company has a market capitalization of $30.94 billion, a PE ratio of 68.65, a price-to-earnings-growth ratio of 1.30 and a beta of 1.59. The stock has a fifty day moving average of $74.10 and a two-hundred day moving average of $55.62. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.35 and a current ratio of 1.74.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, February 21st. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.53 by $0.03. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.88 billion. Vertiv had a return on equity of 39.46% and a net margin of 6.71%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 earnings per share. As a group, analysts forecast that Vertiv Holdings Co will post 2.36 EPS for the current year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were given a $0.025 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.10 annualized dividend and a dividend yield of 0.12%. Vertiv’s dividend payout ratio is presently 8.47%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Mizuho lifted their price objective on Vertiv from $50.00 to $56.00 and gave the stock a “neutral” rating in a report on Thursday, February 22nd. Bank of America raised their target price on shares of Vertiv from $80.00 to $90.00 and gave the company a “buy” rating in a report on Monday, March 18th. Oppenheimer initiated coverage on shares of Vertiv in a report on Friday, April 5th. They issued an “outperform” rating and a $96.00 price target on the stock. Evercore ISI increased their price target on shares of Vertiv from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, April 5th. Finally, JPMorgan Chase & Co. lifted their price objective on Vertiv from $65.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $74.56.

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.