Guardian Asset Advisors LLC Acquires 1,719 Shares of Vertiv Holdings Co (NYSE:VRT)

Guardian Asset Advisors LLC raised its holdings in Vertiv Holdings Co (NYSE:VRT) by 19.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,783 shares of the company’s stock after buying an additional 1,719 shares during the quarter. Guardian Asset Advisors LLC’s holdings in Vertiv were worth $1,225,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in VRT. SFE Investment Counsel bought a new position in shares of Vertiv in the fourth quarter valued at approximately $212,000. Hudock Inc. raised its position in Vertiv by 6.8% in the 4th quarter. Hudock Inc. now owns 3,456 shares of the company’s stock valued at $393,000 after buying an additional 219 shares during the last quarter. Values First Advisors Inc. bought a new position in Vertiv during the 4th quarter valued at $475,000. Davidson Capital Management Inc. grew its stake in shares of Vertiv by 54.2% in the 4th quarter. Davidson Capital Management Inc. now owns 31,604 shares of the company’s stock worth $3,591,000 after acquiring an additional 11,108 shares in the last quarter. Finally, Leavell Investment Management Inc. purchased a new stake in shares of Vertiv in the fourth quarter valued at about $280,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on VRT. Bank of America upped their price objective on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Melius lowered 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. The Goldman Sachs Group increased their price target on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Barclays began coverage on Vertiv in a research report on Thursday, December 12th. They issued an “equal weight” rating and a $142.00 price objective on the stock. Finally, Fox Advisors began coverage on Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating for the company. Four equities research analysts have rated the stock with a hold rating and eleven 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 a consensus target price of $139.36.

Vertiv Price Performance

VRT opened at $111.34 on Thursday. The company has a market capitalization of $41.79 billion, a price-to-earnings ratio of 74.23, a PEG ratio of 0.94 and a beta of 1.64. 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 firm has a 50-day moving average price of $123.88 and a 200-day moving average price of $108.11. Vertiv Holdings Co has a twelve month low of $55.00 and a twelve month high of $155.84.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share 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 period last year, the business posted $0.56 earnings per share. Equities analysts expect that Vertiv Holdings Co will post 2.7 EPS for the current year.

Vertiv Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were issued a dividend of $0.0375 per share. This is a boost 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 is 6.67%.

Insiders Place Their Bets

In other news, Director Jan Van Dokkum sold 38,647 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $136.39, for a total value of $5,271,064.33. Following the transaction, the director now owns 25,000 shares of the company’s stock, valued at approximately $3,409,750. This represents a 60.72 % 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, EVP Stephen Liang sold 86,619 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the sale, the executive vice president now owns 19,551 shares in the company, valued at $2,562,549.57. This trade represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 171,527 shares of company stock worth $23,105,682 in the last quarter. 5.01% of the stock is 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.