Kovack Advisors Inc. Invests $471,000 in Vertiv Holdings Co (NYSE:VRT)

Kovack Advisors Inc. purchased a new stake in Vertiv Holdings Co (NYSE:VRT) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,766 shares of the company’s stock, valued at approximately $471,000.

A number of other institutional investors have also recently added to or reduced their stakes in VRT. Nordea Investment Management AB purchased a new position in Vertiv during the fourth quarter worth about $1,040,000. PNC Financial Services Group Inc. raised its stake in shares of Vertiv by 296.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,205 shares of the company’s stock valued at $634,000 after acquiring an additional 9,870 shares in the last quarter. Xponance Inc. boosted its stake in shares of Vertiv by 2.9% in the 4th quarter. Xponance Inc. now owns 14,984 shares of the company’s stock valued at $720,000 after buying an additional 426 shares during the period. California State Teachers Retirement System lifted its stake in Vertiv by 58.8% in the fourth quarter. California State Teachers Retirement System now owns 547,833 shares of the company’s stock worth $26,312,000 after acquiring an additional 202,766 shares during the last quarter. Finally, WT Asset Management Ltd purchased a new stake in shares of Vertiv during the 4th quarter worth $24,486,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Activity

In related news, insider Yibin Edward Cui sold 668 shares of the firm’s stock in a transaction that occurred on Saturday, May 4th. The shares were sold at an average price of $94.39, for a total value of $63,052.52. Following the sale, the insider now directly owns 19,452 shares of the company’s stock, valued at $1,836,074.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Doherty Philip O’ sold 9,529 shares of Vertiv stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $109.30, for a total value of $1,041,519.70. Following the transaction, the director now directly owns 6,882,859 shares of the company’s stock, valued at approximately $752,296,488.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Yibin Edward Cui sold 668 shares of the stock in a transaction that occurred on Saturday, May 4th. The stock was sold at an average price of $94.39, for a total transaction of $63,052.52. Following the sale, the insider now directly owns 19,452 shares of the company’s stock, valued at approximately $1,836,074.28. The disclosure for this sale can be found here. Insiders sold a total of 4,162,739 shares of company stock valued at $400,713,362 in the last 90 days. 5.01% of the stock is currently owned by insiders.

Vertiv Trading Up 6.2 %

Shares of NYSE VRT traded up $5.42 during midday trading on Thursday, reaching $93.42. 7,859,609 shares of the stock were exchanged, compared to its average volume of 9,976,985. The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 2.09. The company has a market capitalization of $34.97 billion, a P/E ratio of 89.70, a P/E/G ratio of 1.28 and a beta of 1.58. The stock has a 50 day moving average price of $94.62 and a 200-day moving average price of $75.28. Vertiv Holdings Co has a 52-week low of $23.51 and a 52-week high of $109.27.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.06. Vertiv had a return on equity of 44.95% and a net margin of 5.79%. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the previous year, the firm posted $0.24 EPS. Vertiv’s revenue was up 7.8% on a year-over-year basis. Equities research analysts expect that Vertiv Holdings Co will post 2.43 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Monday, June 17th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.11%. The ex-dividend date was Monday, June 17th. Vertiv’s dividend payout ratio (DPR) is 9.62%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VRT. Citigroup upped their price target on Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Evercore ISI raised their price target on Vertiv from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Friday, June 14th. Bank of America boosted their price objective on shares of Vertiv from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. Mizuho increased their target price on Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. Finally, The Goldman Sachs Group increased their price target on shares of Vertiv from $103.00 to $116.00 and gave the company a “buy” rating in a report on Friday, May 17th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Vertiv currently has a consensus rating of “Moderate Buy” and an average price target of $92.11.

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.