Hollow Brook Wealth Management LLC Sells 166 Shares of Vertiv Holdings Co (NYSE:VRT)

Hollow Brook Wealth Management LLC decreased its stake in Vertiv Holdings Co (NYSE:VRT) by 0.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 63,825 shares of the company’s stock after selling 166 shares during the period. Vertiv makes up 1.2% of Hollow Brook Wealth Management LLC’s portfolio, making the stock its 27th largest position. Hollow Brook Wealth Management LLC’s holdings in Vertiv were worth $3,066,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in VRT. CWM LLC increased its stake in shares of Vertiv by 90.5% in the third quarter. CWM LLC now owns 4,231 shares of the company’s stock worth $157,000 after purchasing an additional 2,010 shares in the last quarter. Commonwealth Equity Services LLC purchased a new position in shares of Vertiv in the third quarter worth about $2,241,000. Cambridge Investment Research Advisors Inc. grew its stake in Vertiv by 5.6% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 48,099 shares of the company’s stock valued at $1,789,000 after acquiring an additional 2,548 shares in the last quarter. Xponance Inc. grew its stake in Vertiv by 4.1% during the third quarter. Xponance Inc. now owns 14,558 shares of the company’s stock valued at $542,000 after acquiring an additional 577 shares in the last quarter. Finally, Maryland State Retirement & Pension System grew its stake in Vertiv by 6.2% during the third quarter. Maryland State Retirement & Pension System now owns 26,178 shares of the company’s stock valued at $974,000 after acquiring an additional 1,529 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Vertiv Trading Down 1.9 %

Shares of VRT traded down $1.80 during mid-day trading on Tuesday, reaching $93.01. The company’s stock had a trading volume of 11,003,037 shares, compared to its average volume of 8,260,333. The stock has a market cap of $35.53 billion, a PE ratio of 89.43, a P/E/G ratio of 1.44 and a beta of 1.59. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 1.45. Vertiv Holdings Co has a 52 week low of $14.27 and a 52 week high of $95.70. The company’s fifty day moving average price is $77.77 and its two-hundred day moving average price is $58.46.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.62 billion. Vertiv had a net margin of 5.79% and a return on equity of 42.43%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.24 EPS. On average, analysts predict that Vertiv Holdings Co will post 2.38 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 19th were issued a $0.025 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.11%. Vertiv’s payout ratio is 9.62%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Oppenheimer boosted their price objective on shares of Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Mizuho boosted their price objective on shares of Vertiv from $56.00 to $95.00 and gave the company a “neutral” rating in a research note on Friday. JPMorgan Chase & Co. boosted their price objective on shares of Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Evercore ISI boosted their price objective on shares of Vertiv from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Finally, Bank of America boosted 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. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $81.11.

Insider Activity at Vertiv

In related news, EVP Stephen Liang sold 306,196 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the completion of the sale, the executive vice president now directly owns 51,841 shares in the company, valued at approximately $3,641,311.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Stephen Liang sold 306,196 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the completion of the sale, the executive vice president now directly owns 51,841 shares in the company, valued at approximately $3,641,311.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Doherty Philip O’ sold 488,705 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $93.68, for a total transaction of $45,781,884.40. Following the sale, the director now owns 11,835,476 shares of the company’s stock, valued at $1,108,747,391.68. The disclosure for this sale can be found here. Insiders sold 3,362,790 shares of company stock worth $306,451,347 in the last three months. 5.62% of the stock is owned by 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.