Vertiv Holdings Co (NYSE:VRT) Shares Acquired by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC lifted its position in shares of Vertiv Holdings Co (NYSE:VRT) by 832.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 32,326 shares of the company’s stock after purchasing an additional 28,860 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Vertiv were worth $2,334,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VRT. Tradewinds Capital Management LLC grew its stake in shares of Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock valued at $33,000 after buying an additional 111 shares in the last quarter. Pittenger & Anderson Inc. boosted its holdings in Vertiv by 92.0% in the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock worth $36,000 after acquiring an additional 150 shares during the period. Colonial Trust Co SC grew its position in Vertiv by 211.9% in the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company’s stock valued at $36,000 after acquiring an additional 214 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in shares of Vertiv during the fourth quarter valued at approximately $37,000. Finally, TD Private Client Wealth LLC lifted its position in shares of Vertiv by 150.7% during the fourth quarter. TD Private Client Wealth LLC now owns 371 shares of the company’s stock worth $42,000 after purchasing an additional 223 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Price Performance

Shares of NYSE VRT opened at $110.53 on Thursday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. Vertiv Holdings Co has a 1-year low of $53.60 and a 1-year high of $155.84. The business’s fifty day moving average price is $92.52 and its two-hundred day moving average price is $104.26. The firm has a market capitalization of $42.12 billion, a PE ratio of 86.35, a P/E/G ratio of 1.07 and a beta of 1.73.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the company posted $0.43 EPS. The business’s revenue for the quarter was up 24.2% compared to the same quarter last year. On average, research analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on VRT. The Goldman Sachs Group raised their price objective on Vertiv from $106.00 to $122.00 and gave the company a “buy” rating in a research note on Tuesday. Citigroup reduced their target price on Vertiv from $153.00 to $98.00 and set a “buy” rating for the company in a research note on Monday, April 14th. JPMorgan Chase & Co. raised their price target on shares of Vertiv from $100.00 to $127.00 and gave the stock an “overweight” rating in a research report on Friday, May 16th. Royal Bank of Canada initiated coverage on shares of Vertiv in a report on Friday, March 7th. They issued an “outperform” rating and a $121.00 price target on the stock. Finally, Roth Mkm initiated coverage on shares of Vertiv in a research report on Tuesday, April 8th. They issued a “buy” rating and a $75.00 target price for the company. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.69.

Insider Buying and Selling

In other news, EVP Stephen Liang sold 43,683 shares of Vertiv stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $115.83, for a total value of $5,059,801.89. Following the transaction, the executive vice president now directly owns 9,551 shares of the company’s stock, valued at $1,106,292.33. This trade represents a 82.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Karsten Winther sold 5,500 shares of the business’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the sale, the insider now directly owns 18,847 shares in the company, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.63% of the stock is currently owned by insiders.

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.