Richmond Investment Services LLC Makes New Investment in Vertiv Holdings Co (NYSE:VRT)

Richmond Investment Services LLC purchased a new stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,164 shares of the company's stock, valued at approximately $700,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vega Investment Solutions bought a new position in shares of Vertiv in the fourth quarter worth $1,625,000. Sunbelt Securities Inc. grew its position in Vertiv by 13.6% during the fourth quarter. Sunbelt Securities Inc. now owns 15,533 shares of the company's stock valued at $1,804,000 after acquiring an additional 1,862 shares during the last quarter. GTS Securities LLC grew its holdings in shares of Vertiv by 105.8% during the 4th quarter. GTS Securities LLC now owns 1,786 shares of the company's stock valued at $203,000 after purchasing an additional 32,729 shares during the last quarter. Fourth Dimension Wealth LLC bought a new stake in Vertiv in the fourth quarter valued at approximately $60,000. Finally, Vise Technologies Inc. increased its stake in shares of Vertiv by 25.2% in the fourth quarter. Vise Technologies Inc. now owns 5,594 shares of the company's stock worth $636,000 after buying an additional 1,127 shares during the period. 89.92% of the stock is currently owned by institutional investors.

Insider Transactions at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the transaction, the insider now directly 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.63% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Morgan Stanley cut their price target on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Evercore ISI restated an "outperform" rating and issued a $150.00 price objective (up previously from $100.00) on shares of Vertiv in a research report on Tuesday. Citigroup reduced their price target on Vertiv from $153.00 to $98.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Royal Bank of Canada assumed coverage on Vertiv in a report on Friday, March 7th. They set an "outperform" rating and a $121.00 price target on the stock. Finally, The Goldman Sachs Group reduced their price target on Vertiv from $135.00 to $85.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $122.38.

Vertiv Trading Up 0.0%

NYSE:VRT traded up $0.01 during midday trading on Thursday, hitting $109.23. 3,539,544 shares of the company traded hands, compared to its average volume of 8,925,006. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. Vertiv Holdings Co has a 12-month low of $53.60 and a 12-month high of $155.84. The firm has a market capitalization of $41.63 billion, a P/E ratio of 85.52, a P/E/G ratio of 1.07 and a beta of 1.70. The firm's fifty day moving average is $85.72 and its 200-day moving average is $105.58.

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. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the firm posted $0.43 earnings per share. The business's revenue was up 24.2% compared to the same quarter last year. On average, sell-side analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is presently 8.72%.

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.