Sheaff Brock Investment Advisors LLC Buys New Position in Vertiv Holdings Co (NYSE:VRT)

Sheaff Brock Investment Advisors LLC purchased a new position in shares of Vertiv Holdings Co (NYSE:VRT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,625 shares of the company’s stock, valued at approximately $298,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. SOA Wealth Advisors LLC. purchased a new stake in shares of Vertiv during the fourth quarter valued at approximately $26,000. OLD Second National Bank of Aurora purchased a new stake in shares of Vertiv during the 4th quarter valued at $30,000. Global Trust Asset Management LLC bought a new stake in shares of Vertiv during the 3rd quarter worth $30,000. Mark Sheptoff Financial Planning LLC raised its stake in shares of 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 during the period. Finally, FNY Investment Advisers LLC purchased a new position in shares of Vertiv in the 4th quarter worth about $34,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on VRT shares. UBS Group initiated coverage on shares of Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price on the stock. Melius Research reiterated a “hold” rating and issued a $125.00 price objective on shares of Vertiv in a research note on Tuesday, January 28th. Evercore ISI decreased their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Morgan Stanley began coverage on Vertiv in a research note on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price on the stock. Finally, Oppenheimer increased their price target on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $138.57.

Insiders Place Their Bets

In other Vertiv news, Director Jakki L. Haussler sold 15,347 shares of the business’s stock in a transaction 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 sale, the director now directly owns 3,425 shares of the company’s stock, valued at $470,526.50. The trade was a 81.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were 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 of the company’s stock, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 171,527 shares of company stock valued at $23,105,682 over the last quarter. 5.01% of the stock is owned by corporate insiders.

Vertiv Trading Down 1.0 %

Vertiv stock opened at $108.18 on Tuesday. The firm’s fifty day moving average price is $122.50 and its 200-day moving average price is $109.03. Vertiv Holdings Co has a fifty-two week low of $55.00 and a fifty-two week high of $155.84. The stock has a market cap of $40.60 billion, a P/E ratio of 72.12, a PEG ratio of 0.94 and a beta of 1.64. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.15. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. During the same quarter in the previous year, the company posted $0.56 EPS. Equities research analysts forecast that Vertiv Holdings Co will post 2.7 earnings per share for the current fiscal year.

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.