Sigma Planning Corp Sells 34,294 Shares of Vertiv Holdings Co (NYSE:VRT)

Sigma Planning Corp lowered its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 65.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 18,218 shares of the company’s stock after selling 34,294 shares during the period. Sigma Planning Corp’s holdings in Vertiv were worth $875,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of VRT. First Horizon Advisors Inc. raised its stake in Vertiv by 161.7% during the third quarter. First Horizon Advisors Inc. now owns 662 shares of the company’s stock worth $25,000 after buying an additional 409 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Vertiv during the fourth quarter worth $38,000. TFC Financial Management Inc. bought a new position in Vertiv during the fourth quarter worth $42,000. Clearstead Advisors LLC bought a new position in Vertiv during the third quarter worth $38,000. Finally, Huntington National Bank raised its stake in Vertiv by 299.1% during the third quarter. Huntington National Bank now owns 1,329 shares of the company’s stock worth $49,000 after buying an additional 996 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Insider Activity

In other news, CAO Scott Cripps sold 56,594 shares of Vertiv stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CAO Scott Cripps sold 56,594 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Stephen Liang sold 306,196 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the transaction, the executive vice president now owns 51,841 shares in the company, valued at $3,641,311.84. The disclosure for this sale can be found here. Corporate insiders own 5.62% of the company’s stock.

Analyst Ratings Changes

VRT has been the subject of a number of analyst reports. Citigroup lifted their target price on shares of Vertiv from $69.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Mizuho lifted their target price on shares of Vertiv from $50.00 to $56.00 and gave the stock a “neutral” rating in a research note on Thursday, February 22nd. Bank of America raised their price target on shares of Vertiv from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Evercore ISI raised their price target on shares of Vertiv from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, April 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of Vertiv from $65.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $74.56.

Vertiv Stock Up 4.0 %

Shares of NYSE VRT opened at $79.15 on Wednesday. The stock has a market capitalization of $30.23 billion, a P/E ratio of 67.08, a P/E/G ratio of 1.21 and a beta of 1.59. The company has a 50-day moving average price of $74.96 and a 200-day moving average price of $56.68. Vertiv Holdings Co has a 1 year low of $12.20 and a 1 year high of $88.69. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.74 and a quick ratio of 1.35.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Vertiv had a net margin of 6.71% and a return on equity of 39.46%. The business’s revenue was up 12.7% on a year-over-year basis. During the same period last year, the company earned $0.28 earnings per share. On average, equities research analysts forecast that Vertiv Holdings Co will post 2.36 EPS for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 19th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date was Monday, March 18th. Vertiv’s dividend payout ratio is currently 8.47%.

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.