Janney Capital Management LLC Sells 2,723 Shares of Vertiv Holdings Co (NYSE:VRT)

Janney Capital Management LLC reduced its holdings in Vertiv Holdings Co (NYSE:VRT) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 81,735 shares of the company’s stock after selling 2,723 shares during the quarter. Janney Capital Management LLC’s holdings in Vertiv were worth $9,286,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Magnus Financial Group LLC bought a new stake in shares of Vertiv in the 4th quarter valued at $243,000. Albion Financial Group UT grew its holdings in Vertiv by 6.9% in the fourth quarter. Albion Financial Group UT now owns 108,687 shares of the company’s stock worth $12,348,000 after purchasing an additional 7,005 shares during the period. Viking Fund Management LLC increased its stake in Vertiv by 13.3% in the fourth quarter. Viking Fund Management LLC now owns 17,000 shares of the company’s stock valued at $1,931,000 after purchasing an additional 2,000 shares in the last quarter. Global Trust Asset Management LLC raised its holdings in shares of Vertiv by 96.7% during the fourth quarter. Global Trust Asset Management LLC now owns 590 shares of the company’s stock valued at $67,000 after purchasing an additional 290 shares during the period. Finally, Sheets Smith Wealth Management bought a new position in shares of Vertiv during the 4th quarter worth about $647,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on VRT. Barclays initiated coverage on Vertiv in a research report on Thursday, December 12th. They issued an “equal weight” rating and a $142.00 target price for the company. Jefferies Financial Group assumed coverage on Vertiv in a report on Monday, October 7th. They set a “buy” rating and a $125.00 price objective for the company. Mizuho increased their target price on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Morgan Stanley initiated coverage on shares of Vertiv in a research note on Monday, January 6th. They set an “overweight” rating and a $150.00 price target for the company. Finally, Bank of America upped their price objective on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.75.

Insider Activity at Vertiv

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the business’s stock in a transaction on 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 directly owns 19,551 shares in the company, valued at $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jakki L. Haussler sold 15,347 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total value of $2,108,370.86. Following the transaction, the director now directly owns 3,425 shares in the company, valued at $470,526.50. This represents a 81.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is owned by company insiders.

Vertiv Stock Up 6.3 %

Vertiv stock opened at $152.16 on Wednesday. Vertiv Holdings Co has a fifty-two week low of $52.40 and a fifty-two week high of $148.62. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. The firm’s 50-day simple moving average is $126.63 and its 200 day simple moving average is $104.34. The stock has a market cap of $57.11 billion, a PE ratio of 101.63, a price-to-earnings-growth ratio of 1.06 and a beta of 1.63.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The company’s revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.52 EPS. Research analysts predict that Vertiv Holdings Co will post 2.7 EPS for the current fiscal year.

Vertiv Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were issued a $0.0375 dividend. This is an increase from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.10%. The ex-dividend date of this dividend was Tuesday, December 3rd. Vertiv’s payout ratio is 6.67%.

About Vertiv

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.