Hudock Inc. Acquires 219 Shares of Vertiv Holdings Co (NYSE:VRT)

Hudock Inc. raised its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,456 shares of the company’s stock after purchasing an additional 219 shares during the quarter. Hudock Inc.’s holdings in Vertiv were worth $393,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. SOA Wealth Advisors LLC. bought a new position in Vertiv during the fourth quarter valued at $26,000. OLD Second National Bank of Aurora bought a new stake in shares of Vertiv in the 4th quarter worth about $30,000. Krane Funds Advisors LLC bought a new stake in shares of Vertiv in the 3rd quarter worth about $29,000. Global Trust Asset Management LLC bought a new stake in shares of Vertiv in the 3rd quarter worth about $30,000. Finally, Mark Sheptoff Financial Planning LLC lifted its holdings in shares of Vertiv by 200.0% in the 3rd 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 last quarter. Institutional investors own 89.92% of the company’s stock.

Vertiv Trading Down 9.7 %

NYSE VRT opened at $111.34 on Thursday. 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 $41.79 billion, a price-to-earnings ratio of 74.23, a price-to-earnings-growth ratio of 0.94 and a beta of 1.64. The company’s 50-day simple moving average is $123.88 and its two-hundred day simple moving average is $108.11. Vertiv Holdings Co has a one year low of $55.00 and a one year high of $155.84.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, February 12th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates 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 prior year, the business posted $0.56 EPS. Equities analysts forecast that Vertiv Holdings Co will post 2.7 EPS for the current fiscal year.

Vertiv Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were given a dividend of $0.0375 per share. This is an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. Vertiv’s dividend payout ratio (DPR) is 6.67%.

Insider Buying and Selling at Vertiv

In other news, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction that occurred 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 owns 19,448 shares of the company’s stock, valued at $2,751,114.08. The trade was a 61.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jakki L. Haussler sold 15,347 shares of Vertiv stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the completion of the transaction, the director now directly owns 3,425 shares in the company, valued at approximately $470,526.50. The trade was a 81.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 171,527 shares of company stock valued at $23,105,682. Company insiders own 5.01% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Melius Research restated a “hold” rating and issued a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. TD Cowen raised their target price on shares of Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Bank of America raised their target price on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. The Goldman Sachs Group raised their target price on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Melius lowered shares of Vertiv from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a report on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $139.36.

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.