Vertiv Holdings Co (NYSE:VRT) Stake Boosted by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC grew its position in shares of Vertiv Holdings Co (NYSE:VRT) by 832.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,326 shares of the company’s stock after buying 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 Securities and Exchange Commission (SEC).

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

Vertiv Stock Performance

Vertiv stock opened at $110.53 on Thursday. 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. The company’s 50-day moving average is $92.52 and its two-hundred day moving average is $104.26. The company has a market cap of $42.12 billion, a PE ratio of 86.35, a PEG 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 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the business posted $0.43 EPS. The firm’s revenue was up 24.2% compared to the same quarter last year. Equities analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Insider Buying and Selling at Vertiv

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on VRT shares. Citigroup reduced their target price on shares of 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. boosted their price target on shares of Vertiv from $100.00 to $127.00 and gave the company an “overweight” rating in a report on Friday, May 16th. Morgan Stanley reduced their price objective on shares of Vertiv from $140.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Cowen reissued a “buy” rating on shares of Vertiv in a research note on Thursday, April 24th. Finally, Evercore ISI reiterated an “outperform” rating and set a $150.00 price objective (up from $100.00) on shares of Vertiv in a research note on Tuesday, May 27th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $124.69.

Vertiv Company 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.