J.W. Cole Advisors Inc. Has $693,000 Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

J.W. Cole Advisors Inc. trimmed its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 19.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,096 shares of the company’s stock after selling 1,437 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Vertiv were worth $693,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. SOA Wealth Advisors LLC. acquired a new position in Vertiv during the 4th quarter worth approximately $26,000. OLD Second National Bank of Aurora acquired a new position in Vertiv during the 4th quarter worth approximately $30,000. Global Trust Asset Management LLC acquired a new position in Vertiv during the 3rd quarter worth approximately $30,000. Mark Sheptoff Financial Planning LLC increased its position in Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in Vertiv during the 4th quarter worth approximately $34,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the firm’s 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 transaction, the insider now directly owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. This trade represents a 61.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the completion of the transaction, the executive vice president now directly owns 19,551 shares in the company, valued at $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 156,180 shares of company stock valued at $20,997,311 over the last ninety days. 5.01% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

VRT has been the subject of several recent research reports. TD Cowen upped 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. Citigroup upped their price target on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Barclays decreased their price target on shares of Vertiv from $142.00 to $131.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Melius Research restated a “hold” rating and issued a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Finally, Oppenheimer upped their price target on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $138.57.

Vertiv Stock Down 2.1 %

Shares of NYSE VRT opened at $107.64 on Thursday. The firm has a market cap of $40.40 billion, a PE ratio of 84.10, a P/E/G ratio of 1.10 and a beta of 1.64. Vertiv Holdings Co has a 12-month low of $55.00 and a 12-month high of $155.84. The company’s fifty day simple moving average is $121.91 and its 200 day simple moving average is $109.30. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the firm earned $0.56 EPS. As a group, sell-side analysts forecast that Vertiv Holdings Co will post 3.58 earnings per share for the current fiscal year.

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.