Rowlandmiller & PARTNERS.ADV Has $2.57 Million Position in Vertiv Holdings Co (NYSE:VRT)

Rowlandmiller & PARTNERS.ADV raised its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 43.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,558 shares of the company’s stock after buying an additional 10,694 shares during the quarter. Rowlandmiller & PARTNERS.ADV’s holdings in Vertiv were worth $2,567,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of VRT. Stratos Wealth Partners LTD. grew its holdings in Vertiv by 27.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 3,367 shares of the company’s stock valued at $383,000 after purchasing an additional 734 shares during the period. Apollon Wealth Management LLC grew its holdings in shares of Vertiv by 14.8% in the 4th quarter. Apollon Wealth Management LLC now owns 11,363 shares of the company’s stock valued at $1,291,000 after buying an additional 1,469 shares during the period. Kingsview Wealth Management LLC grew its holdings in shares of Vertiv by 60.7% in the 4th quarter. Kingsview Wealth Management LLC now owns 5,873 shares of the company’s stock valued at $667,000 after buying an additional 2,219 shares during the period. Wilmington Savings Fund Society FSB grew its stake in Vertiv by 17.3% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,881 shares of the company’s stock valued at $782,000 after acquiring an additional 1,016 shares during the period. Finally, Empowered Funds LLC grew its stake in Vertiv by 67.0% in the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock valued at $1,043,000 after acquiring an additional 3,682 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Vertiv Trading Down 3.0%

Shares of VRT stock opened at $108.60 on Wednesday. The stock has a market cap of $41.39 billion, a price-to-earnings ratio of 84.84, a PEG ratio of 1.07 and a beta of 1.73. The stock has a 50-day moving average of $91.50 and a 200-day moving average of $104.22. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a 1-year low of $53.60 and a 1-year high of $155.84.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. The business had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The firm’s revenue was up 24.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 earnings per share. On average, equities research analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Analyst Ratings Changes

VRT has been the subject of several research analyst reports. Royal Bank of Canada initiated coverage on Vertiv in a research report on Friday, March 7th. They issued an “outperform” rating and a $121.00 price objective for the company. Evercore ISI reiterated an “outperform” rating and issued a $150.00 price target (up previously from $100.00) on shares of Vertiv in a report on Tuesday, May 27th. Morgan Stanley decreased their price target on shares of Vertiv from $140.00 to $125.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Roth Mkm initiated coverage on Vertiv in a research report on Tuesday, April 8th. They set a “buy” rating and a $75.00 price target for the company. Finally, Roth Capital upgraded shares of Vertiv to a “strong-buy” rating in a research note on Monday, April 7th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $124.69.

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.