Apollon Wealth Management LLC Buys 1,469 Shares of Vertiv Holdings Co (NYSE:VRT)

Apollon Wealth Management LLC raised its position in shares of Vertiv Holdings Co (NYSE:VRT) by 14.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,363 shares of the company’s stock after acquiring an additional 1,469 shares during the period. Apollon Wealth Management LLC’s holdings in Vertiv were worth $1,291,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in VRT. SOA Wealth Advisors LLC. bought a new position in Vertiv during the 4th quarter worth $26,000. Krane Funds Advisors LLC bought a new position in Vertiv during the third quarter worth about $29,000. Global Trust Asset Management LLC acquired a new stake in Vertiv in the 3rd quarter worth about $30,000. Mark Sheptoff Financial Planning LLC boosted its holdings in Vertiv by 200.0% in the 3rd 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 during the period. Finally, Brooklyn Investment Group acquired a new position in shares of Vertiv during the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on VRT shares. TD Cowen lifted their price target on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. UBS Group began coverage on Vertiv in a research report on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price for the company. Barclays assumed coverage on Vertiv in a report on Thursday, December 12th. They set an “equal weight” rating and a $142.00 target price on the stock. Evercore ISI cut their price objective on shares of Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Finally, Morgan Stanley initiated coverage on shares of Vertiv in a research note on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Vertiv presently has a consensus rating of “Moderate Buy” and an average price target of $139.36.

Vertiv Price Performance

Shares of NYSE:VRT opened at $125.85 on Tuesday. Vertiv Holdings Co has a one year low of $55.00 and a one year high of $155.84. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The company has a market cap of $47.23 billion, a price-to-earnings ratio of 83.90, a PEG ratio of 0.94 and a beta of 1.64. The firm has a 50 day simple moving average of $124.39 and a 200 day simple moving average of $107.42.

Vertiv Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. This is a boost from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 3rd. Vertiv’s dividend payout ratio is presently 6.67%.

Insider Activity at Vertiv

In other news, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction dated 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 sale, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at approximately $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jakki L. Haussler sold 15,347 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total value of $2,108,370.86. Following the completion of the transaction, the director now directly owns 3,425 shares of the company’s stock, valued at $470,526.50. This represents a 81.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 171,527 shares of company stock valued at $23,105,682 in the last 90 days. 5.01% of the stock is owned by corporate insiders.

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.