Fullcircle Wealth LLC Invests $209,000 in Vertiv Holdings Co. (NYSE:VRT)

Fullcircle Wealth LLC bought a new position in Vertiv Holdings Co. (NYSE:VRT - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 2,900 shares of the company's stock, valued at approximately $209,000.

Other hedge funds have also recently made changes to their positions in the company. Prestige Wealth Management Group LLC grew its holdings in Vertiv by 2.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company's stock worth $420,000 after acquiring an additional 85 shares during the last quarter. Horizon Investment Services LLC lifted its holdings in Vertiv by 4.1% during the 4th quarter. Horizon Investment Services LLC now owns 2,410 shares of the company's stock worth $274,000 after buying an additional 95 shares during the period. Focus Partners Advisor Solutions LLC boosted its holdings in Vertiv by 3.1% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company's stock valued at $367,000 after acquiring an additional 97 shares during the last quarter. Utah Retirement Systems increased its position in Vertiv by 0.3% during the 4th quarter. Utah Retirement Systems now owns 39,300 shares of the company's stock valued at $4,465,000 after purchasing an additional 100 shares during the period. Finally, Wahed Invest LLC raised its holdings in Vertiv by 1.2% during the 4th quarter. Wahed Invest LLC now owns 8,798 shares of the company's stock worth $1,000,000 after purchasing an additional 105 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Price Performance

Shares of NYSE VRT remained flat at $126.26 during mid-day trading on Tuesday. 6,636,229 shares of the stock traded hands, compared to its average volume of 8,527,577. 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 Holdings Co. has a 52-week low of $53.60 and a 52-week high of $155.84. The business has a 50-day moving average of $110.06 and a 200-day moving average of $103.37. The company has a market capitalization of $48.12 billion, a P/E ratio of 73.41, a P/E/G ratio of 1.27 and a beta of 1.75.

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

Vertiv Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 17th were issued a dividend of $0.0375 per share. This represents a yield of 0.14%. This is a positive change from Vertiv's previous dividend of $0.01. The ex-dividend date was Monday, June 16th. Vertiv's dividend payout ratio (DPR) is presently 8.72%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on VRT shares. KGI Securities started coverage on shares of Vertiv in a research note on Thursday, April 24th. They set a "hold" rating for the company. Roth Capital raised shares of Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Melius upgraded Vertiv from a "hold" rating to a "buy" rating and set a $165.00 price target for the company in a research report on Tuesday. JPMorgan Chase & Co. raised their target price on Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Finally, The Goldman Sachs Group boosted their price target on Vertiv from $106.00 to $122.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $131.69.

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the stock in a transaction dated 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 directly owned 18,847 shares in the company, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the company's stock in a transaction on 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 completion of the sale, the executive vice president directly owned 9,551 shares in the company, valued at $1,106,292.33. This trade represents a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.01% of the company's stock.

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.