Stratos Wealth Partners LTD. Has $280,000 Stake in Vertiv Holdings Co. (NYSE:VRT)

Stratos Wealth Partners LTD. boosted its position in Vertiv Holdings Co. (NYSE:VRT) by 15.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,873 shares of the company’s stock after purchasing an additional 506 shares during the period. Stratos Wealth Partners LTD.’s holdings in Vertiv were worth $280,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Envestnet Portfolio Solutions Inc. increased its stake in Vertiv by 10.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 87,828 shares of the company’s stock valued at $9,978,000 after acquiring an additional 8,197 shares during the last quarter. Corient Private Wealth LLC increased its position in shares of Vertiv by 94.7% during the fourth quarter. Corient Private Wealth LLC now owns 28,872 shares of the company’s stock valued at $3,280,000 after acquiring an additional 14,042 shares in the last quarter. Creative Financial Designs Inc. ADV grew its position in Vertiv by 35.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,310 shares of the company’s stock worth $376,000 after purchasing an additional 870 shares during the period. Parallel Advisors LLC boosted its stake in shares of Vertiv by 42.4% during the 4th quarter. Parallel Advisors LLC now owns 4,829 shares of the company’s stock worth $549,000 after acquiring an additional 1,437 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Vertiv by 7.6% during the 4th quarter. Signaturefd LLC now owns 7,068 shares of the company’s stock worth $803,000 after acquiring an additional 501 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Transactions at Vertiv

In other Vertiv news, EVP Stephen Liang sold 43,683 shares of Vertiv stock in a transaction on 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 transaction, the executive vice president directly owned 9,551 shares of the company’s stock, valued at $1,106,292.33. The trade was a 82.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Karsten Winther sold 5,500 shares of the business’s stock in a transaction on 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 directly owned 18,847 shares of the company’s stock, valued at $1,777,837.51. This trade represents a 22.59% decrease in their position. The disclosure for this sale can be found here. 5.01% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on VRT shares. Cowen reaffirmed a “buy” rating on shares of Vertiv in a research report on Thursday, April 24th. Melius raised shares of Vertiv from a “hold” rating to a “buy” rating and set a $165.00 price objective on the stock in a report on Tuesday, July 8th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Vertiv in a research note on Friday, July 11th. Wall Street Zen raised shares of Vertiv from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 21st. Finally, Barclays increased their price objective on shares of Vertiv from $90.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 9th. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $135.35.

Vertiv Price Performance

Shares of VRT opened at $127.49 on Wednesday. The company has a market capitalization of $48.59 billion, a price-to-earnings ratio of 74.12, a P/E/G ratio of 1.24 and a beta of 1.75. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $155.84. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.72 and a quick ratio of 1.28. The business’s 50-day moving average is $114.14 and its 200-day moving average is $103.78.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The business had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the business posted $0.43 EPS. The firm’s quarterly revenue was up 24.2% compared to the same quarter last year. Equities research analysts expect that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 17th were issued a $0.0375 dividend. This is a boost from Vertiv’s previous dividend of $0.01. The ex-dividend date of this dividend was Monday, June 16th. This represents a yield of 0.14%. Vertiv’s dividend payout ratio (DPR) is currently 8.72%.

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.