Avior Wealth Management LLC Raises Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Avior Wealth Management LLC raised its stake in Vertiv Holdings Co (NYSE:VRT) by 17.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,502 shares of the company’s stock after purchasing an additional 1,595 shares during the period. Avior Wealth Management LLC’s holdings in Vertiv were worth $504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in VRT. First Horizon Advisors Inc. raised its stake in Vertiv by 161.7% in the third quarter. First Horizon Advisors Inc. now owns 662 shares of the company’s stock valued at $25,000 after buying an additional 409 shares during the last quarter. Clear Street Markets LLC purchased a new stake in Vertiv during the 4th quarter worth approximately $27,000. Brown Brothers Harriman & Co. increased its stake in Vertiv by 648.5% during the 1st quarter. Brown Brothers Harriman & Co. now owns 2,500 shares of the company’s stock valued at $35,000 after purchasing an additional 2,166 shares in the last quarter. Clearstead Advisors LLC purchased a new position in shares of Vertiv in the third quarter worth $38,000. Finally, TFC Financial Management Inc. acquired a new stake in shares of Vertiv during the fourth quarter worth $42,000. 89.92% of the stock is currently owned by institutional investors.

Vertiv Stock Down 1.1 %

VRT opened at $81.01 on Friday. The company has a fifty day moving average of $74.10 and a two-hundred day moving average of $55.62. The stock has a market capitalization of $30.94 billion, a price-to-earnings ratio of 68.65, a PEG ratio of 1.30 and a beta of 1.59. Vertiv Holdings Co has a fifty-two week low of $11.95 and a fifty-two week high of $88.69. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.35 and a current ratio of 1.74.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.03. Vertiv had a return on equity of 39.46% and a net margin of 6.71%. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the business earned $0.28 EPS. Vertiv’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, research analysts expect that Vertiv Holdings Co will post 2.36 earnings per share for the current year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend was Monday, March 18th. Vertiv’s payout ratio is presently 8.47%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VRT. Evercore ISI raised their target price on Vertiv from $80.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. JPMorgan Chase & Co. raised their price target on shares of Vertiv from $65.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Bank of America lifted their price objective on shares of Vertiv from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Mizuho increased their price objective on shares of Vertiv from $50.00 to $56.00 and gave the stock a “neutral” rating in a research note on Thursday, February 22nd. Finally, Oppenheimer started coverage on shares of Vertiv in a research report on Friday, April 5th. They set an “outperform” rating and a $96.00 target price for the company. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $74.56.

Insiders Place Their Bets

In other news, EVP Stephen Liang sold 306,196 shares of Vertiv stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $70.24, for a total value of $21,507,207.04. Following the sale, the executive vice president now owns 51,841 shares in the company, valued at $3,641,311.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Stephen Liang sold 306,196 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $70.24, for a total value of $21,507,207.04. Following the transaction, the executive vice president now owns 51,841 shares in the company, valued at $3,641,311.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Scott Cripps sold 56,594 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $70.76, for a total value of $4,004,591.44. The disclosure for this sale can be found here. 5.62% of the stock is currently owned by company insiders.

Vertiv Company 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.