Aaron Wealth Advisors LLC Sells 148 Shares of Vertiv Holdings Co (NYSE:VRT)

Aaron Wealth Advisors LLC decreased its position in shares of Vertiv Holdings Co (NYSE:VRT) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,688 shares of the company’s stock after selling 148 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Vertiv were worth $419,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of VRT. Krane Funds Advisors LLC bought a new position in shares of Vertiv during the third quarter worth $29,000. Anchor Investment Management LLC bought a new position in Vertiv during the second quarter worth about $26,000. Global Trust Asset Management LLC acquired a new position in Vertiv in the third quarter valued at about $30,000. Mark Sheptoff Financial Planning LLC increased its holdings in shares of Vertiv by 200.0% in 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 in the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Vertiv during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on VRT. Bank of America lifted their price target 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. UBS Group began coverage on shares of Vertiv in a research report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective on the stock. Mizuho increased their target price on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. The Goldman Sachs Group boosted their price target on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Jefferies Financial Group started coverage on Vertiv in a report on Monday, October 7th. They set a “buy” rating and a $125.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $141.75.

Vertiv Price Performance

Shares of VRT opened at $135.94 on Monday. The company’s fifty day simple moving average is $126.07 and its 200 day simple moving average is $103.61. Vertiv Holdings Co has a 1-year low of $49.67 and a 1-year high of $145.67. The company has a market cap of $51.02 billion, a price-to-earnings ratio of 90.63, a PEG ratio of 0.99 and a beta of 1.63. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60.

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

Vertiv Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. This is a boost from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. Vertiv’s payout ratio is 6.67%.

Insider Activity at Vertiv

In other news, insider Anand Sanghi sold 30,914 shares of Vertiv 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 completion of the sale, the insider now directly owns 19,448 shares in the company, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jakki L. Haussler sold 15,347 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total value of $2,108,370.86. Following the sale, the director now directly owns 3,425 shares in the company, valued at $470,526.50. This represents a 81.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 171,527 shares of company stock worth $23,105,682. Insiders own 5.01% of the company’s stock.

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.