Arnhold LLC Sells 337 Shares of Vertiv Holdings Co (NYSE:VRT)

Arnhold LLC reduced its stake in Vertiv Holdings Co (NYSE:VRT) by 0.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 209,428 shares of the company’s stock after selling 337 shares during the quarter. Arnhold LLC’s holdings in Vertiv were worth $10,059,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of VRT. First Horizon Advisors Inc. raised its stake in shares of Vertiv by 161.7% in the third quarter. First Horizon Advisors Inc. now owns 662 shares of the company’s stock worth $25,000 after buying an additional 409 shares during the period. GAMMA Investing LLC purchased a new stake in shares of Vertiv in the fourth quarter worth $26,000. Clearstead Advisors LLC purchased a new stake in Vertiv in the 3rd quarter worth $38,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Vertiv during the 4th quarter valued at approximately $38,000. Finally, TFC Financial Management Inc. bought a new position in Vertiv in the 4th quarter worth approximately $42,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on VRT. Evercore ISI lifted their price target on shares of Vertiv from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Oppenheimer boosted their target price on Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. raised their price target on Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Bank of America upped their price objective on Vertiv from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Finally, Citigroup raised their target price on shares of Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, April 25th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $81.11.

Vertiv Stock Down 1.9 %

NYSE:VRT traded down $1.80 during trading hours 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 50 day moving average price of $77.77 and a two-hundred day moving average price of $58.46. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.35 and a current ratio of 1.74. The company has a market capitalization of $35.53 billion, a P/E ratio of 89.43, a price-to-earnings-growth ratio of 1.44 and a beta of 1.59. Vertiv Holdings Co has a 12 month low of $14.27 and a 12 month high of $95.70.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.06. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. Vertiv had a return on equity of 42.43% and a net margin of 5.79%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 EPS. Equities analysts predict that Vertiv Holdings Co will post 2.38 EPS for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors 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 annualized dividend and a yield of 0.11%. Vertiv’s dividend payout ratio (DPR) is presently 9.62%.

Insiders Place Their Bets

In other Vertiv news, Director Doherty Philip O’ sold 2,511,295 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $93.64, for a total transaction of $235,157,663.80. Following the sale, the director now directly owns 9,324,181 shares of the company’s stock, valued at approximately $873,116,308.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Vertiv news, Director Doherty Philip O’ sold 2,511,295 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $93.64, for a total value of $235,157,663.80. Following the completion of the transaction, the director now directly owns 9,324,181 shares of the company’s stock, valued at $873,116,308.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Scott Cripps sold 56,594 shares of Vertiv stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,362,790 shares of company stock valued at $306,451,347. 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.