Koshinski Asset Management Inc. Lowers Holdings in Vertiv Holdings Co (NYSE:VRT)

Koshinski Asset Management Inc. lowered its position in shares of Vertiv Holdings Co (NYSE:VRT) by 1.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 12,029 shares of the company’s stock after selling 150 shares during the period. Koshinski Asset Management Inc.’s holdings in Vertiv were worth $1,367,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in VRT. Krane Funds Advisors LLC purchased a new position in Vertiv during the third quarter worth about $29,000. Anchor Investment Management LLC acquired a new stake in shares of Vertiv in the 2nd quarter valued at approximately $26,000. Global Trust Asset Management LLC purchased a new stake in shares of Vertiv in the third quarter valued at approximately $30,000. Mark Sheptoff Financial Planning LLC boosted its stake in shares of Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after buying an additional 200 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in Vertiv during the fourth quarter worth $34,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Bank of America increased their price target on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Barclays assumed coverage on shares of Vertiv in a research report on Thursday, December 12th. They set an “equal weight” rating and a $142.00 price target for the company. UBS Group started coverage on Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target on the stock. Evercore ISI decreased their target price on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Finally, Oppenheimer raised their price target on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $141.75.

Vertiv Stock Performance

Shares of NYSE VRT opened at $143.16 on Wednesday. The company has a market cap of $53.73 billion, a PE ratio of 95.44, a price-to-earnings-growth ratio of 1.06 and a beta of 1.63. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. Vertiv Holdings Co has a 12 month low of $52.40 and a 12 month high of $145.67. The company has a 50-day simple moving average of $126.25 and a 200-day simple moving average of $103.98.

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

Vertiv Increases Dividend

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

Insider Buying and Selling at Vertiv

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

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.