Steph & Co. Has $143,000 Stock Position in Vertiv Holdings Co (NYSE:VRT)

Steph & Co. reduced its position in Vertiv Holdings Co (NYSE:VRT) by 50.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,260 shares of the company’s stock after selling 1,263 shares during the period. Steph & Co.’s holdings in Vertiv were worth $143,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Anchor Investment Management LLC acquired a new stake in Vertiv during the 2nd quarter valued at $26,000. Krane Funds Advisors LLC purchased a new position in shares of Vertiv during the third quarter valued at $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 lifted its stake in 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 in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Vertiv during the 3rd quarter worth about $30,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Trading Up 0.6 %

Shares of VRT stock opened at $132.78 on Friday. Vertiv Holdings Co has a 12 month low of $48.86 and a 12 month high of $145.67. The business’s 50 day moving average is $125.65 and its two-hundred day moving average is $102.95. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The company has a market cap of $49.84 billion, a PE ratio of 88.52, a price-to-earnings-growth ratio of 0.99 and a beta of 1.63.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The company’s revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 EPS. Equities analysts predict that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Increases Dividend

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

Insider Buying and Selling

In other news, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the sale, the executive vice president now 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the company’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. The trade was a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 171,527 shares of company stock valued at $23,105,682 over the last three months. 5.01% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

VRT has been the topic of a number of research reports. Barclays began coverage on Vertiv in a report on Thursday, December 12th. They issued an “equal weight” rating and a $142.00 target price on the stock. Citigroup upped their price objective on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Bank of America lifted their target price on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Fox Advisors initiated coverage on shares of Vertiv in a research note on Monday, January 6th. They issued an “equal weight” rating on the stock. Finally, Evercore ISI boosted their target price on Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $140.92.

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.