WealthBridge Capital Management LLC Invests $360,000 in Vertiv Holdings Co (NYSE:VRT)

WealthBridge Capital Management LLC has taken a notable step by acquiring a new position in Vertiv Holdings Co (NYSE:VRT) during the fourth quarter. This investment was disclosed in the fund's latest filing with the Securities and Exchange Commission (SEC). Specifically, WealthBridge Capital Management purchased 3,171 shares of Vertiv's stock, with a total value of approximately $360,000.

Recent Activity by Institutional Investors

In addition to WealthBridge, a number of other institutional investors have also adjusted their holdings in Vertiv. For instance, Jennison Associates LLC significantly increased its stake in Vertiv by 68.6% during the fourth quarter, acquiring an additional 3,153,932 shares. Following this purchase, Jennison now owns a total of 7,754,347 shares, valued at approximately $880.97 million.

State Street Corp also grew its position by 4.2% in the third quarter, now owning 7,635,081 shares valued at $759.61 million after adding 308,704 shares. Similarly, Geode Capital Management expanded its stake by 7.4%, increasing its shares to 5,951,784, worth $592.43 million after acquiring an extra 408,054 shares.

Moreover, Wellington Management Group LLP raised its holdings significantly by 271.0%, obtaining an additional 2,860,181 shares to own a total of 3,915,446 shares worth $389.55 million. Westfield Capital Management Co. LP also grew its stake by 1.1%, now owning 3,611,566 shares, with a total value of approximately $359.31 million. Notably, institutional investors currently hold 89.92% of Vertiv's stock.

Insider Trading Activities

Recent insider transactions have also attracted attention. Executive Vice President Stephen Liang sold 86,619 shares on November 26th at an average price of $131.07, resulting in a total sale of about $11.35 million. Following this transaction, Liang maintains ownership of 19,551 shares valued at $2.56 million, marking an 81.59% reduction in his holdings.

Another insider, Anand Sanghi, sold 30,914 shares on November 22nd for a total amount of $4.37 million, maintaining 19,448 shares valued at approximately $2.75 million after a 61.38% decrease in his stake. Overall, insiders have sold a total of 156,180 shares valued at approximately $21.0 million over the past three months, with insiders holding about 5.01% of the company's stock.

Current Stock Performance

As of Thursday, the stock of Vertiv Holdings Co opened at $107.64. The company boasts a market capitalization of $40.40 billion and a price-to-earnings (P/E) ratio of 84.10. Over the past year, Vertiv's stock has fluctuated between a low of $55.00 and a high of $155.84. The stock's 50-day and 200-day moving averages stand at $121.91 and $109.30 respectively, while the company has a debt-to-equity ratio of 1.60.

Vertiv recently released its quarterly earnings report on February 12th, revealing an earnings per share (EPS) of $0.99, surpassing analysts' expectations of $0.84 by $0.15. The company also reported a return on equity of 69.69% and a net margin of 6.19%. Analysts predict that Vertiv Holdings Co will post EPS of 3.58 for the current fiscal year.

Analysts' Opinions

Several analysts have weighed in on Vertiv recently. The Goldman Sachs Group raised its target price from $126.00 to $140.00, maintaining a 'buy' rating. In contrast, Melius downgraded Vertiv from a 'buy' to a 'hold' rating, setting a target price of $125.00. Fox Advisors issued coverage with an 'equal weight' rating, while Barclays reduced its target from $142.00 to $131.00.

JPMorgan also raised its price objective from $124.00 to $132.00 and marked Vertiv as 'overweight'. Currently, there are four analysts holding a 'hold' rating and eleven giving a 'buy' rating, leaving the stock with an average rating of 'Moderate Buy' and a consensus price target of $138.57.

About Vertiv

Vertiv Holdings Co designs, manufactures, and services essential digital infrastructure technologies and lifecycle services for data centers, communication networks, and commercial and industrial environments globally, including in the Americas, Asia Pacific, Europe, the Middle East, and Africa.

WealthBridge, Investment, Vertiv