Brendel Financial Advisors LLC Acquires Shares of 2,114 Vertiv Holdings Co (NYSE:VRT)

Brendel Financial Advisors LLC acquired a new stake in Vertiv Holdings Co (NYSE:VRT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,114 shares of the company’s stock, valued at approximately $240,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Anchor Investment Management LLC purchased a new position in shares of Vertiv during the second quarter valued at approximately $26,000. Krane Funds Advisors LLC purchased a new position in shares of Vertiv during the third quarter valued at approximately $29,000. Global Trust Asset Management LLC purchased a new position in shares of Vertiv during the third quarter valued at approximately $30,000. Mark Sheptoff Financial Planning LLC boosted its position in shares of Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after buying an additional 200 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in shares of Vertiv during the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Performance

Shares of VRT opened at $128.67 on Wednesday. The firm has a market cap of $48.29 billion, a PE ratio of 85.78, a PEG ratio of 1.29 and a beta of 1.63. The stock’s fifty day moving average price is $125.42 and its two-hundred day moving average price is $102.74. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. Vertiv Holdings Co has a 1 year low of $48.86 and a 1 year high of $145.67.

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 firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The business’s revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 earnings per share. On average, equities research analysts forecast that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were paid a $0.0375 dividend. The ex-dividend date of this dividend 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 dividend yield of 0.12%. Vertiv’s payout ratio is presently 6.67%.

Insider Buying and Selling at Vertiv

In related news, Director Jakki L. Haussler sold 15,347 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the sale, the director now directly owns 3,425 shares in the company, valued at approximately $470,526.50. The trade was a 81.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction 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 sale, the insider now 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 disclosure for this sale can be found here. Insiders have sold a total of 171,527 shares of company stock worth $23,105,682 over the last ninety days. 5.01% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

VRT has been the topic of several analyst reports. UBS Group initiated coverage on Vertiv in a research report on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research report on Tuesday, November 19th. Bank of America lifted their target price on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Jefferies Financial Group assumed coverage on Vertiv in a report on Monday, October 7th. They set a “buy” rating and a $125.00 price target on the stock. Finally, Fox Advisors assumed coverage on Vertiv in a report on Monday, January 6th. They set an “equal weight” rating on the stock. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $140.92.

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.