Shelton Wealth Management LLC Sells 2,914 Shares of Vertiv Holdings Co (NYSE:VRT)

Shelton Wealth Management LLC lowered its position in Vertiv Holdings Co (NYSE:VRT) by 21.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,398 shares of the company’s stock after selling 2,914 shares during the period. Shelton Wealth Management LLC’s holdings in Vertiv were worth $1,181,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Anchor Investment Management LLC purchased a new stake in shares of Vertiv during the second quarter valued at $26,000. Krane Funds Advisors LLC purchased a new stake in Vertiv during the 3rd quarter valued at about $29,000. Global Trust Asset Management LLC acquired a new position in Vertiv during the third quarter valued at $30,000. Mark Sheptoff Financial Planning LLC raised its position in Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after acquiring an additional 200 shares during the period. Finally, Brooklyn Investment Group purchased a new position in Vertiv during the third quarter valued at $30,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Vertiv

In related news, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction that occurred 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 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the business’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 completion of the transaction, the insider now owns 19,448 shares of the company’s stock, valued at $2,751,114.08. This trade represents a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 171,527 shares of company stock valued at $23,105,682 in the last 90 days. 5.01% of the stock is currently owned by insiders.

Vertiv Price Performance

Shares of VRT opened at $135.94 on Friday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. The company has a market capitalization of $51.02 billion, a price-to-earnings ratio of 90.63, a price-to-earnings-growth ratio of 0.99 and a beta of 1.63. The firm has a 50-day simple moving average of $126.07 and a 200-day simple 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.

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, topping the consensus estimate of $0.69 by $0.07. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. Vertiv’s revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 earnings per share. On average, equities research analysts anticipate that Vertiv Holdings Co will post 2.69 earnings per share for the current year.

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were issued a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This is a boost from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. Vertiv’s dividend payout ratio (DPR) is 6.67%.

Analysts Set New Price Targets

Several research firms recently weighed in on VRT. Bank of America upped their price target on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Mizuho increased their target price on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Evercore ISI lowered their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday. Morgan Stanley assumed coverage on Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their price objective on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $141.75.

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.