TFC Financial Management Inc. Reduces Holdings in Vertiv Holdings Co (NYSE:VRT)

TFC Financial Management Inc. trimmed its holdings in Vertiv Holdings Co (NYSE:VRT) by 8.5% in the 4th quarter, Holdings Channel reports. The fund owned 1,064 shares of the company’s stock after selling 99 shares during the quarter. TFC Financial Management Inc.’s holdings in Vertiv were worth $121,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. SOA Wealth Advisors LLC. bought a new position in shares of Vertiv in the 4th quarter worth about $26,000. Krane Funds Advisors LLC bought a new position in shares of Vertiv in the 3rd quarter worth about $29,000. Global Trust Asset Management LLC bought a new position in shares of Vertiv in the 3rd quarter worth about $30,000. Mark Sheptoff Financial Planning LLC increased its stake 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 in the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Vertiv in the 3rd quarter worth about $30,000. 89.92% of the stock is currently owned by institutional investors.

Vertiv Stock Performance

Shares of NYSE VRT opened at $111.34 on Thursday. 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 $41.79 billion, a PE ratio of 74.23, a PEG ratio of 0.94 and a beta of 1.64. The firm’s 50-day moving average price is $124.27 and its 200-day moving average price is $108.09. Vertiv Holdings Co has a 52-week low of $55.00 and a 52-week high of $155.84.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.99 earnings per share (EPS) for the quarter, topping 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 in the prior year, the business earned $0.56 EPS. As a group, analysts anticipate that Vertiv Holdings Co will post 2.7 EPS for the current year.

Vertiv Increases Dividend

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

Insider Buying and Selling

In related news, insider Anand Sanghi sold 30,914 shares of the firm’s 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 approximately $2,751,114.08. This trade represents a 61.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the transaction, the executive vice president now directly owns 19,551 shares in the company, valued at $2,562,549.57. This represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Melius Research reiterated a “hold” rating and issued a $125.00 price target on shares of Vertiv in a research note on Tuesday, January 28th. Mizuho raised their price objective on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. TD Cowen raised their price objective on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Morgan Stanley initiated coverage on shares of Vertiv in a research note on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their price objective on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.