Achmea Investment Management B.V. Raises Stock Holdings in Vertiv Holdings Co. (NYSE:VRT)

Achmea Investment Management B.V. increased its position in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 42.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 64,984 shares of the company's stock after acquiring an additional 19,387 shares during the period. Achmea Investment Management B.V.'s holdings in Vertiv were worth $4,691,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of VRT. North Star Investment Management Corp. grew its holdings in Vertiv by 4,120.0% during the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock valued at $30,000 after purchasing an additional 412 shares during the period. Colonial Trust Co SC grew its holdings in Vertiv by 211.9% during the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company's stock valued at $36,000 after purchasing an additional 214 shares during the period. Ameriflex Group Inc. bought a new stake in Vertiv during the fourth quarter valued at about $37,000. TD Private Client Wealth LLC grew its holdings in Vertiv by 150.7% during the fourth quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock valued at $42,000 after purchasing an additional 223 shares during the period. Finally, Mizuho Securities Co. Ltd. bought a new stake in Vertiv during the first quarter valued at about $43,000. Institutional investors own 89.92% of the company's stock.

Vertiv Price Performance

Vertiv stock traded up $3.68 during midday trading on Friday, reaching $127.48. 8,953,314 shares of the stock traded hands, compared to its average volume of 8,575,664. The stock's fifty day moving average is $104.39 and its 200-day moving average is $103.28. Vertiv Holdings Co. has a 12 month low of $53.60 and a 12 month high of $155.84. The stock has a market cap of $48.58 billion, a P/E ratio of 74.12, a PEG ratio of 1.28 and a beta of 1.73. The company has a quick ratio of 1.28, a current ratio of 1.72 and a debt-to-equity ratio of 1.09.

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

Vertiv Increases Dividend

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

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the company'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 transaction of $518,815.00. Following the sale, the insider now directly owns 18,847 shares in the company, valued at $1,777,837.51. This represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Stephen Liang sold 43,683 shares of the company's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $115.83, for a total value of $5,059,801.89. Following the sale, the executive vice president now owns 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 disclosure for this sale can be found here. Company insiders own 2.63% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Evercore ISI reissued an "outperform" rating and set a $150.00 price target (up previously from $100.00) on shares of Vertiv in a report on Tuesday, May 27th. JPMorgan Chase & Co. boosted their price target on Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Roth Capital upgraded Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Royal Bank Of Canada initiated coverage on Vertiv in a research report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price objective on the stock. Finally, Barclays lowered their price objective on Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Friday, April 4th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $126.69.

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.