Bard Financial Services Inc. Has $2.35 Million Position in Vertiv Holdings Co (NYSE:VRT)

Bard Financial Services Inc. lessened its holdings in Vertiv Holdings Co (NYSE:VRT) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,675 shares of the company’s stock after selling 500 shares during the period. Bard Financial Services Inc.’s holdings in Vertiv were worth $2,349,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Clearbridge Investments LLC lifted its position in shares of Vertiv by 15.4% during the 2nd quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company’s stock worth $221,013,000 after buying an additional 340,639 shares during the period. Whittier Trust Co. lifted its holdings in shares of Vertiv by 7.2% during the third quarter. Whittier Trust Co. now owns 127,210 shares of the company’s stock valued at $12,656,000 after acquiring an additional 8,579 shares during the period. Janney Capital Management LLC acquired a new stake in shares of Vertiv in the 3rd quarter valued at $8,403,000. Gordian Capital Singapore Pte Ltd grew its holdings in shares of Vertiv by 112.5% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock worth $846,000 after purchasing an additional 4,500 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Vertiv by 190.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 55,923 shares of the company’s stock worth $5,564,000 after purchasing an additional 36,684 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the 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 directly owns 19,448 shares in the company, valued at approximately $2,751,114.08. This trade represents a 61.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jan Van Dokkum sold 38,647 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the completion of the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at $3,409,750. This trade represents a 60.72 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is currently owned by company insiders.

Vertiv Trading Up 7.0 %

Vertiv stock traded up $8.80 during trading hours on Monday, reaching $134.47. 6,225,622 shares of the company’s stock traded hands, compared to its average volume of 6,174,073. The firm has a market capitalization of $50.47 billion, a price-to-earnings ratio of 89.65, a PEG ratio of 1.29 and a beta of 1.63. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. Vertiv Holdings Co has a fifty-two week low of $46.62 and a fifty-two week high of $145.67. The firm’s 50 day moving average is $122.82 and its 200-day moving average is $100.75.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the business posted $0.52 earnings per share. Vertiv’s revenue was up 19.0% compared to the same quarter last year. On average, analysts predict that Vertiv Holdings Co will post 2.69 earnings per share for the current year.

Vertiv Increases Dividend

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

Analyst Ratings Changes

Several brokerages have weighed in on VRT. Jefferies Financial Group started coverage on shares of Vertiv in a research note on Monday, October 7th. They set a “buy” rating and a $125.00 price objective on the stock. Oppenheimer raised their price target on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. TD Cowen boosted their price objective on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Fox Advisors initiated coverage on Vertiv in a research note on Monday. They issued an “equal weight” rating for the company. Finally, Mizuho upped their price target on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.