Key Client Fiduciary Advisors LLC Raises Position in Vertiv Holdings Co (NYSE:VRT)

Key Client Fiduciary Advisors LLC increased its stake in Vertiv Holdings Co (NYSE:VRT) by 10.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,519 shares of the company’s stock after buying an additional 340 shares during the quarter. Key Client Fiduciary Advisors LLC’s holdings in Vertiv were worth $400,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Accurate Wealth Management LLC increased its holdings in Vertiv by 4.1% in the fourth quarter. Accurate Wealth Management LLC now owns 2,234 shares of the company’s stock valued at $254,000 after buying an additional 87 shares during the last quarter. ORG Partners LLC grew its position in shares of Vertiv by 25.1% in the 3rd quarter. ORG Partners LLC now owns 458 shares of the company’s stock worth $46,000 after acquiring an additional 92 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Vertiv by 18.6% in the 3rd quarter. Allworth Financial LP now owns 638 shares of the company’s stock valued at $63,000 after acquiring an additional 100 shares during the last quarter. NBC Securities Inc. raised its position in shares of Vertiv by 0.9% during the 3rd quarter. NBC Securities Inc. now owns 13,125 shares of the company’s stock valued at $1,305,000 after acquiring an additional 112 shares in the last quarter. Finally, Bouvel Investment Partners LLC raised its position in shares of Vertiv by 1.1% during the 4th quarter. Bouvel Investment Partners LLC now owns 11,097 shares of the company’s stock valued at $1,261,000 after acquiring an additional 117 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on VRT. Barclays assumed coverage on shares of Vertiv in a research note on Thursday, December 12th. They set an “equal weight” rating and a $142.00 target price for the company. The Goldman Sachs Group boosted their price objective on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Oppenheimer raised their target price on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Fox Advisors started coverage on Vertiv in a report on Monday, January 6th. They set an “equal weight” rating for the company. Finally, Citigroup increased their price target on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $141.75.

Vertiv Trading Up 3.3 %

Shares of Vertiv stock opened at $153.47 on Friday. The business has a fifty day simple moving average of $127.11 and a 200-day simple moving average of $104.65. Vertiv Holdings Co has a fifty-two week low of $52.40 and a fifty-two week high of $155.26. The firm has a market cap of $57.60 billion, a price-to-earnings ratio of 102.31, a price-to-earnings-growth ratio of 1.12 and a beta of 1.63. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The company 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 in the prior year, the company earned $0.52 EPS. On average, equities analysts forecast that Vertiv Holdings Co will post 2.7 EPS for the current fiscal year.

Vertiv Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were paid a dividend of $0.0375 per share. The ex-dividend date was Tuesday, December 3rd. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 0.10%. Vertiv’s dividend payout ratio is currently 6.67%.

Insider Buying and Selling

In other news, EVP Stephen Liang sold 86,619 shares of the firm’s 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 of the company’s stock, valued at $2,562,549.57. This trade represents a 81.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Anand Sanghi sold 30,914 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value of $4,373,094.44. Following the sale, the insider now owns 19,448 shares of the company’s stock, valued at $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 171,527 shares of company stock worth $23,105,682. Corporate 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.