HCR Wealth Advisors Has $1.78 Million Position in Vertiv Holdings Co. (NYSE:VRT)

HCR Wealth Advisors increased its position in shares of Vertiv Holdings Co. (NYSE:VRT) by 917.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,601 shares of the company’s stock after buying an additional 22,184 shares during the period. HCR Wealth Advisors’ holdings in Vertiv were worth $1,776,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Prestige Wealth Management Group LLC grew its position in shares of Vertiv by 2.4% in the fourth quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company’s stock valued at $420,000 after purchasing an additional 85 shares during the last quarter. Horizon Investment Services LLC grew its holdings in Vertiv by 4.1% in the 4th quarter. Horizon Investment Services LLC now owns 2,410 shares of the company’s stock valued at $274,000 after buying an additional 95 shares during the last quarter. Focus Partners Advisor Solutions LLC increased its position in Vertiv by 3.1% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company’s stock worth $367,000 after buying an additional 97 shares during the period. Utah Retirement Systems lifted its holdings in shares of Vertiv by 0.3% during the fourth quarter. Utah Retirement Systems now owns 39,300 shares of the company’s stock worth $4,465,000 after buying an additional 100 shares during the last quarter. Finally, Wahed Invest LLC boosted its position in shares of Vertiv by 1.2% in the fourth quarter. Wahed Invest LLC now owns 8,798 shares of the company’s stock valued at $1,000,000 after acquiring an additional 105 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Roth Mkm assumed coverage on Vertiv in a research note on Tuesday, April 8th. They set a “buy” rating and a $75.00 price target on the stock. JPMorgan Chase & Co. increased their price objective on shares of Vertiv from $100.00 to $127.00 and gave the company an “overweight” rating in a research note on Friday, May 16th. Barclays reduced their price objective on shares of Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a report on Friday, April 4th. Citigroup upped their target price on shares of Vertiv from $98.00 to $130.00 and gave the company a “buy” rating in a research note on Monday. Finally, KGI Securities started coverage on shares of Vertiv in a research note on Thursday, April 24th. They set a “hold” rating for the company. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Vertiv presently has an average rating of “Moderate Buy” and a consensus target price of $126.69.

Vertiv Trading Up 2.2%

Shares of VRT opened at $119.19 on Thursday. Vertiv Holdings Co. has a 52-week low of $53.60 and a 52-week high of $155.84. The stock has a fifty day moving average price of $97.38 and a two-hundred day moving average price of $103.79. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.28 and a current ratio of 1.72. The company has a market cap of $45.42 billion, a price-to-earnings ratio of 69.30, a PEG ratio of 1.21 and a beta of 1.73.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the company earned $0.43 earnings per share. The company’s revenue was up 24.2% on a year-over-year basis. Analysts predict that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th will be issued a dividend of $0.0375 per share. This represents a yield of 0.14%. The ex-dividend date is Monday, June 16th. This is a positive change from Vertiv’s previous dividend of $0.01. Vertiv’s payout ratio is currently 8.72%.

Insider Buying and Selling at Vertiv

In other Vertiv 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 owns 9,551 shares of the company’s stock, 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 SEC, which is available through the SEC website. Also, insider Karsten Winther sold 5,500 shares of the stock in a transaction on Friday, May 9th. The stock was 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 of the company’s stock, valued at $1,777,837.51. This represents a 22.59% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.63% of the company’s stock.

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.