Sanctuary Advisors LLC Reduces Stake in Vertiv Holdings Co (NYSE:VRT)

Sanctuary Advisors LLC has decreased its investment in Vertiv Holdings Co (NYSE:VRT) by 1.1% during the fourth quarter, as reported in their latest 13F filing with the SEC. After selling 497 shares, Sanctuary Advisors now holds a total of 46,682 shares of the company. The total value of these shares amounted to approximately $5,350,000 based on the most recent filing.

Other institutional investors and hedge funds have also adjusted their holdings in Vertiv. For instance, Creative Planning increased its investment in the company by 20.2% during the third quarter, now owning 43,618 shares valued at $4,340,000 after acquiring an additional 7,341 shares. Blue Trust Inc. raised its position significantly by 360.1%, bringing its total to 3,336 shares worth $332,000 after an additional purchase of 2,611 shares. Similarly, Sequoia Financial Advisors expanded its stake by 42.2%, now holding 6,163 shares valued at $613,000. Signaturefd LLC also increased its holdings by 17.1%, resulting in ownership of 6,567 shares valued at $653,000 after buying an extra 957 shares. Additionally, Eastern Bank has taken a new position in Vertiv, valued at approximately $202,000. Altogether, institutional investors and hedge funds control about 89.92% of the shares.

Insider Trading Activity

In related developments, insider Jan Van Dokkum, who serves as a director, sold 38,647 shares of the company on November 25th at an average price of $136.39, yielding a total of $5,271,064.33. After this transaction, he retains 25,000 shares, valued at $3,409,750, indicating a significant reduction of 60.72% in his stake. Furthermore, EVP Stephen Liang sold 86,619 shares on November 26th at an average price of $131.07, totaling $11,353,152.33. After this trade, he now owns 19,551 shares worth $2,562,549.57, marking an 81.59% decrease in his ownership. Company insiders hold about 5.01% of Vertiv's stock.

Analyst Ratings Updates

Several brokerage firms have recently issued updates on Vertiv's stock. Mizuho raised their price target from $125.00 to $145.00 while assigning an “outperform” rating on November 19th. Bank of America has increased its target from $130.00 to $140.00 with a “buy” rating as of October 24th. However, Barclays has lowered its price target from $142.00 to $131.00, recommending an “equal weight” rating on February 13th. Goldman Sachs also hiked their target price from $126.00 to $140.00, maintaining a “buy” rating as seen in their report on November 19th. UBS Group commenced coverage on Vertiv with a “buy” rating and a price target of $155.00. Currently, there are four analysts with a hold rating and eleven who have given a buy rating to Vertiv, leading to a consensus rating of “Moderate Buy” with a target price of $138.57 according to MarketBeat.

Current Stock Performance of Vertiv

On the trading floor, Vertiv shares (VRT) opened at $104.56 on a recent Friday. The company has a market capitalization of $39.24 billion, with a price-to-earnings ratio of 81.69 and a price-to-earnings-growth ratio of 1.12. The stock's beta is recorded at 1.64. Vertiv has experienced a 12-month trading range with a low of $55.00 and a high of $155.84. The company’s current ratio stands at 1.38, while the quick ratio is 1.02, and the debt-to-equity ratio is noted at 1.60.

Vertiv's most recent earnings report released on February 12th showed earnings per share (EPS) of $0.99, surpassing analyst expectations of $0.84 by $0.15. The return on equity is observed at 69.69% with a net margin of 6.19%. Comparing this to the same quarter last year, where the EPS was $0.56, there appears to be noticeable growth. Analysts forecast that Vertiv Holdings Co will present an EPS of 3.59 for the current year.

Company Overview

Vertiv Holdings Co specializes in designing, manufacturing, and servicing critical digital infrastructure technologies and lifecycle services relevant to data centers, communication networks, and industrial and commercial environments across various global regions including the Americas, Asia Pacific, Europe, Middle East, and Africa.

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