6,852 Shares in Vertiv Holdings Co. (NYSE:VRT) Acquired by Roberts Capital Advisors LLC

Key Points

• Roberts Capital Advisors LLC acquired 6,852 shares of Vertiv Holdings Co. (NYSE:VRT), valued at approximately $495,000, indicating growing institutional interest in the company.
• Two top executives, Stephen Liang and Karsten Winther, significantly reduced their holdings by selling over 85,000 shares combined, raising questions about insider confidence in the company's stock.
• Vertiv recently increased its dividend to $0.0375 per share, reflecting a healthy financial outlook with a 14.0% dividend yield and solid quarterly earnings performance.

Roberts Capital Advisors LLC purchased a new position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,852 shares of the company's stock, valued at approximately $495,000.

Other hedge funds also recently made changes to their positions in the company. GW&K Investment Management LLC bought a new position in shares of Vertiv during the 1st quarter worth approximately $26,000. SouthState Corp bought a new position in shares of Vertiv during the 1st quarter worth approximately $27,000. North Star Investment Management Corp. grew its stake in shares of Vertiv by 4,120.0% during 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 in the last quarter. Sachetta LLC grew its stake in shares of Vertiv by 242.0% during the 1st quarter. Sachetta LLC now owns 448 shares of the company's stock worth $32,000 after acquiring an additional 317 shares in the last quarter. Finally, Colonial Trust Co SC grew its stake in shares of Vertiv by 211.9% during 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 in the last quarter. 89.92% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Stephen Liang sold 43,683 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $115.83, for a total value of $5,059,801.89. Following the transaction, the executive vice president owned 9,551 shares in the company, valued at approximately $1,106,292.33. This trade represents a 82.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Karsten Winther sold 41,654 shares of Vertiv stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $134.21, for a total value of $5,590,383.34. Following the completion of the transaction, the insider owned 18,848 shares in the company, valued at approximately $2,529,590.08. This represents a 68.85% decrease in their position. The disclosure for this sale can be found here. 2.63% of the stock is currently owned by company insiders.

Vertiv Stock Up 0.3%

VRT stock opened at $132.86 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.74 and a quick ratio of 1.35. The stock has a market capitalization of $50.74 billion, a price-to-earnings ratio of 63.57, a PEG ratio of 1.17 and a beta of 1.77. The business's fifty day moving average price is $128.12 and its two-hundred day moving average price is $105.20. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.12. The firm had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $2.36 billion. Vertiv had a return on equity of 51.64% and a net margin of 8.93%. The company's quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.67 EPS. On average, equities analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 17th were given a $0.0375 dividend. The ex-dividend date was Monday, June 16th. This is an increase from Vertiv's previous dividend of $0.01. This represents a dividend yield of 14.0%. Vertiv's dividend payout ratio (DPR) is 7.18%.

Analyst Upgrades and Downgrades

VRT has been the subject of several recent analyst reports. Bank of America increased their price objective on Vertiv from $140.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Barclays set a $128.00 price objective on Vertiv and gave the company an "equal weight" rating in a report on Thursday, July 31st. The Goldman Sachs Group reissued a "buy" rating on shares of Vertiv in a report on Friday, July 11th. Zacks Research raised Vertiv to a "strong-buy" rating in a report on Monday, August 11th. Finally, Oppenheimer increased their price objective on Vertiv from $140.00 to $151.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Three equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Vertiv has an average rating of "Buy" and an average price target of $144.06.

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.

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.