Gladstone Institutional Advisory LLC Lowers Stock Position in Vertiv Holdings Co (NYSE:VRT)

Gladstone Institutional Advisory LLC cut its position in shares of Vertiv Holdings Co (NYSE:VRT) by 26.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,835 shares of the company’s stock after selling 1,720 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Vertiv were worth $549,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. acquired a new position in Vertiv during the fourth quarter worth $26,000. Krane Funds Advisors LLC acquired a new position in Vertiv during the third quarter worth $29,000. Global Trust Asset Management LLC acquired a new position in Vertiv during the third quarter worth $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 acquired a new position in Vertiv during the third quarter worth $30,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Trading Down 1.0 %

Shares of VRT stock opened at $108.18 on Friday. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The firm has a market cap 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. The company has a 50-day moving average of $123.37 and a two-hundred day moving average of $108.12. Vertiv Holdings Co has a 1-year low of $55.00 and a 1-year high of $155.84.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, February 12th. The company reported $0.99 earnings per share for the quarter, topping 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 last year, the firm earned $0.56 earnings per share. On average, analysts predict that Vertiv Holdings Co will post 2.7 EPS 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 paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.14%. The ex-dividend date was Tuesday, December 3rd. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio (DPR) is 6.67%.

Insiders Place Their Bets

In other news, EVP Stephen Liang sold 86,619 shares of the firm’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 value of $11,353,152.33. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jakki L. Haussler sold 15,347 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were 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 of the company’s stock, 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. Insiders sold a total of 171,527 shares of company stock valued at $23,105,682 over the last 90 days. 5.01% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Barclays reduced their price objective on shares of Vertiv from $142.00 to $131.00 and set an “equal weight” rating for the company in a research report on Thursday. Citigroup increased their target price on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Oppenheimer increased their target price on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Morgan Stanley assumed coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 target price for the company. Finally, TD Cowen increased their target price on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Vertiv has an average rating of “Moderate Buy” and an average target price of $138.57.

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.