Jackson Hole Capital Partners LLC Makes New Investment in Vertiv Holdings Co. (NYSE:VRT)

Jackson Hole Capital Partners LLC acquired a new stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 16,756 shares of the company's stock, valued at approximately $1,210,000.

Other hedge funds also recently bought and sold shares of the company. GW&K Investment Management LLC bought a new stake in Vertiv during the first quarter valued at approximately $26,000. North Star Investment Management Corp. lifted its holdings in shares of Vertiv by 4,120.0% in the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock worth $30,000 after acquiring an additional 412 shares during the last quarter. Sachetta LLC lifted its holdings in shares of Vertiv by 242.0% in the 1st quarter. Sachetta LLC now owns 448 shares of the company's stock worth $32,000 after acquiring an additional 317 shares during the last quarter. Colonial Trust Co SC lifted its holdings in shares of Vertiv by 211.9% in the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after acquiring an additional 214 shares during the last quarter. Finally, Ameriflex Group Inc. bought a new stake in shares of Vertiv in the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 89.92% of the company's stock.

Insider Activity

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the transaction, the insider owned 18,847 shares in the company, valued at approximately $1,777,837.51. This represents a 22.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen Liang sold 43,683 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the transaction, the executive vice president owned 9,551 shares in the company, valued at $1,106,292.33. This represents a 82.06% decrease in their position. The disclosure for this sale can be found here. 2.63% of the stock is currently owned by corporate insiders.

Vertiv Stock Up 0.5%

VRT stock traded up $0.71 during trading on Thursday, hitting $130.90. 4,018,466 shares of the stock traded hands, compared to its average volume of 6,871,038. Vertiv Holdings Co. has a 1 year low of $53.60 and a 1 year high of $155.84. The firm's 50 day moving average is $117.96 and its two-hundred day moving average is $104.28. The stock has a market cap of $49.89 billion, a price-to-earnings ratio of 76.11, a price-to-earnings-growth ratio of 1.29 and a beta of 1.75. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.72 and a quick ratio of 1.28.

Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. The business had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. The business's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 EPS. On average, sell-side analysts anticipate that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a yield of 0.14%. This is a boost from Vertiv's previous dividend of $0.01. Vertiv's dividend payout ratio is currently 8.72%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on VRT shares. Citigroup boosted their price objective on shares of Vertiv from $130.00 to $149.00 and gave the stock a "buy" rating in a report on Monday, July 14th. The Goldman Sachs Group restated a "buy" rating on shares of Vertiv in a report on Friday, July 11th. JPMorgan Chase & Co. boosted their price objective on shares of Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Melius Research raised shares of Vertiv from a "hold" rating to a "strong-buy" rating and lifted their target price for the stock from $134.00 to $165.00 in a research note on Tuesday, July 8th. Finally, Morgan Stanley decreased their target price on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $136.76.

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.