14,300 Shares in Vertiv Holdings Co (NYSE:VRT) Purchased by Vega Investment Solutions

Vega Investment Solutions acquired a new position in Vertiv Holdings Co (NYSE:VRT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 14,300 shares of the company's stock, valued at approximately $1,625,000. Vertiv comprises about 1.3% of Vega Investment Solutions' portfolio, making the stock its 17th biggest position.

Other hedge funds have also added to or reduced their stakes in the company. Foundations Investment Advisors LLC grew its holdings in Vertiv by 7.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company's stock valued at $21,076,000 after buying an additional 13,559 shares in the last quarter. Empowered Funds LLC grew its holdings in Vertiv by 67.0% during the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock valued at $1,043,000 after buying an additional 3,682 shares in the last quarter. Register Financial Advisors LLC purchased a new position in Vertiv during the 4th quarter valued at about $217,000. Ibex Wealth Advisors purchased a new position in Vertiv during the 4th quarter valued at about $7,583,000. Finally, PFG Investments LLC purchased a new position in Vertiv during the 4th quarter valued at about $617,000. Hedge funds and other institutional investors own 89.92% of the company's stock.

Vertiv Stock Up 0.5%

Shares of VRT opened at $104.16 on Friday. The firm has a market cap of $39.70 billion, a P/E ratio of 81.38, a P/E/G ratio of 1.07 and a beta of 1.70. The stock has a 50 day simple moving average of $84.20 and a two-hundred day simple moving average of $105.95. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. Vertiv Holdings Co has a 1 year low of $53.60 and a 1 year high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Vertiv's revenue for the quarter was up 24.2% on a year-over-year basis. On average, analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were given a $0.0375 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.14%. Vertiv's payout ratio is currently 8.72%.

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider now owns 18,847 shares in the company, valued at approximately $1,777,837.51. The trade was a 22.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.63% of the company's stock.

Analyst Ratings Changes

VRT has been the subject of a number of recent analyst reports. KGI Securities initiated coverage on Vertiv in a report on Thursday, April 24th. They set a "hold" rating for the company. JPMorgan Chase & Co. lifted their target price on Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Royal Bank of Canada started coverage on Vertiv in a research report on Friday, March 7th. They set an "outperform" rating and a $121.00 price target for the company. Cowen reiterated a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. Finally, Citigroup dropped their price target on Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Vertiv has an average rating of "Moderate Buy" and an average price target of $122.06.

Vertiv Company 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.

Want to see what other hedge funds are holding VRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vertiv Holdings Co (NYSE:VRT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.