Nkcfo LLC Cuts Stake in Vertiv Holdings Co (NYSE:VRT)

Nkcfo LLC lessened its holdings in Vertiv Holdings Co (NYSE:VRT) by 93.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,000 shares of the company’s stock after selling 14,000 shares during the period. Nkcfo LLC’s holdings in Vertiv were worth $114,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of VRT. SOA Wealth Advisors LLC. acquired a new position in Vertiv during the 4th quarter worth $26,000. Global Trust Asset Management LLC acquired a new position in shares of Vertiv during the third quarter worth about $30,000. Mark Sheptoff Financial Planning LLC increased its stake in shares of 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 buying an additional 200 shares during the period. Brooklyn Investment Group acquired a new stake in Vertiv in the third quarter valued at approximately $30,000. Finally, OLD Second National Bank of Aurora purchased a new position in Vertiv in the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insiders Place Their Bets

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the sale, the insider now owns 19,448 shares in the company, valued at approximately $2,751,114.08. This represents a 61.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen Liang sold 86,619 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the transaction, 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on VRT. UBS Group initiated coverage on shares of Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective on the stock. Bank of America lifted their price target on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. TD Cowen raised their target price on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Fox Advisors began coverage on Vertiv in a report on Monday, January 6th. They issued an “equal weight” rating for the company. Finally, Citigroup raised their price objective on shares of Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $138.57.

Vertiv Stock Down 1.0 %

VRT stock opened at $108.18 on Friday. 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 quick ratio of 1.02 and a current ratio of 1.38. The company has a fifty day moving average of $122.86 and a 200-day moving average of $108.58. The stock has a market capitalization of $40.60 billion, a PE ratio of 72.12, a price-to-earnings-growth ratio of 0.94 and a beta of 1.64.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.15. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. During the same period last year, the firm posted $0.56 EPS. As a group, analysts expect that Vertiv Holdings Co will post 2.7 EPS for the current year.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were issued a dividend of $0.0375 per share. The ex-dividend date was Tuesday, December 3rd. This is a boost from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 0.14%. Vertiv’s payout ratio is currently 7.81%.

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.