10,410 Shares in Vertiv Holdings Co. (NYSE:VRT) Purchased by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,410 shares of the company's stock, valued at approximately $752,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. North Star Investment Management Corp. grew its holdings in Vertiv by 4,120.0% in the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock valued at $30,000 after buying an additional 412 shares during the last quarter. Colonial Trust Co SC grew its holdings in Vertiv by 211.9% in the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company's stock valued at $36,000 after buying an additional 214 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in Vertiv in the 4th quarter valued at approximately $37,000. TD Private Client Wealth LLC grew its holdings in shares of Vertiv by 150.7% during the 4th quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock worth $42,000 after purchasing an additional 223 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. acquired a new stake in shares of Vertiv during the 1st quarter worth approximately $43,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Trading Up 5.1%

Shares of VRT opened at $122.45 on Wednesday. The company has a market cap of $46.67 billion, a price-to-earnings ratio of 71.19, a PEG ratio of 1.17 and a beta of 1.73. Vertiv Holdings Co. has a 52-week low of $53.60 and a 52-week high of $155.84. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.28 and a current ratio of 1.72. The stock has a fifty day moving average price of $101.30 and a two-hundred day moving average price of $103.28.

Vertiv (NYSE:VRT - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The firm's quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 earnings per share. Analysts predict that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th will be given a dividend of $0.0375 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a dividend yield of 0.14%. This is an increase from Vertiv's previous dividend of $0.01. Vertiv's payout ratio is presently 8.72%.

Insider Transactions at Vertiv

In other news, EVP Stephen Liang sold 43,683 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the completion of the sale, the executive vice president now owns 9,551 shares in the company, valued at $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 sale, the insider now owns 18,847 shares of the company's stock, valued at approximately $1,777,837.51. The trade was 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 corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Evercore ISI reissued an "outperform" rating and set a $150.00 price objective (up previously from $100.00) on shares of Vertiv in a report on Tuesday, May 27th. Morgan Stanley cut their target price on Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Cowen restated a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. Roth Mkm initiated coverage on Vertiv in a research report on Tuesday, April 8th. They set a "buy" rating and a $75.00 target price for the company. Finally, Barclays cut their target price on Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $126.69.

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.

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