Accurate Wealth Management LLC Grows Position in Vertiv Holdings Co (NYSE:VRT)

Accurate Wealth Management LLC grew its stake in shares of Vertiv Holdings Co (NYSE:VRTFree Report) by 4.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,234 shares of the company’s stock after purchasing an additional 87 shares during the period. Accurate Wealth Management LLC’s holdings in Vertiv were worth $254,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp boosted its holdings in Vertiv by 4.2% during the third quarter. State Street Corp now owns 7,635,081 shares of the company’s stock worth $759,614,000 after buying an additional 308,704 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Vertiv by 7.4% during the 3rd quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company’s stock worth $592,433,000 after acquiring an additional 408,054 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Vertiv by 10,825.0% in the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock worth $457,695,000 after acquiring an additional 4,558,306 shares during the period. Wellington Management Group LLP grew its holdings in shares of Vertiv by 271.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock worth $389,548,000 after acquiring an additional 2,860,181 shares during the period. Finally, Westfield Capital Management Co. LP increased its stake in Vertiv by 1.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,611,566 shares of the company’s stock valued at $359,315,000 after purchasing an additional 40,696 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VRT has been the topic of several research reports. JPMorgan Chase & Co. upped their target price on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Mizuho increased 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. The Goldman Sachs Group lifted their target price on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Morgan Stanley initiated coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target on the stock. Finally, Barclays initiated coverage on Vertiv in a research report on Thursday, December 12th. They set an “equal weight” rating and a $142.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Vertiv presently has an average rating of “Moderate Buy” and a consensus price target of $140.92.

View Our Latest Research Report on VRT

Vertiv Price Performance

Shares of NYSE:VRT opened at $132.78 on Friday. The business has a fifty day simple moving average of $125.65 and a 200-day simple moving average of $102.95. Vertiv Holdings Co has a 52 week low of $48.86 and a 52 week high of $145.67. The company has a market cap of $49.84 billion, a P/E ratio of 88.52, a P/E/G ratio of 0.99 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:VRTGet Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the company posted $0.52 EPS. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. Equities research analysts forecast that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Increases Dividend

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

Insider Buying and Selling at Vertiv

In related news, Director Jakki L. Haussler sold 15,347 shares of Vertiv stock in a transaction 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 transaction, the director now owns 3,425 shares in the company, valued at approximately $470,526.50. This trade represents a 81.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 19,551 shares of the company’s stock, valued at $2,562,549.57. This represents a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 171,527 shares of company stock worth $23,105,682 in the last quarter. 5.01% of the stock is owned by insiders.

Vertiv Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Vertiv (NYSE:VRT)

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