Adams Diversified Equity Fund Inc. Makes New Investment in Vertiv Holdings Co. (NYSE:VRT)

Adams Diversified Equity Fund Inc. purchased a new stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 66,200 shares of the company's stock, valued at approximately $4,780,000.

Several other large investors have also modified their holdings of the business. Colonial Trust Co SC grew its position in Vertiv by 211.9% in the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company's stock valued at $36,000 after acquiring an additional 214 shares in the last quarter. Ameriflex Group Inc. purchased a new position in Vertiv during the 4th quarter worth approximately $37,000. TD Private Client Wealth LLC increased its holdings in shares of Vertiv by 150.7% in the 4th quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock valued at $42,000 after acquiring an additional 223 shares during the period. BNP Paribas purchased a new stake in shares of Vertiv in the fourth quarter valued at about $45,000. Finally, North Star Investment Management Corp. grew its stake 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 valued at $30,000 after purchasing an additional 412 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Stock Performance

VRT opened at $122.45 on Wednesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.28 and a current ratio of 1.72. The company has a market cap of $46.67 billion, a PE ratio of 71.19, a price-to-earnings-growth ratio of 1.17 and a beta of 1.73. The stock has a 50-day moving average of $101.30 and a 200-day moving average of $103.28. Vertiv Holdings Co. has a 52-week low of $53.60 and a 52-week high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the company posted $0.43 earnings per share. Vertiv's quarterly revenue was up 24.2% on a year-over-year basis. As a group, equities research analysts forecast that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th will be paid a $0.0375 dividend. This is a boost from Vertiv's previous dividend of $0.01. The ex-dividend date of this dividend is Monday, June 16th. This represents a dividend yield of 0.14%. Vertiv's dividend payout ratio is currently 8.72%.

Insiders Place Their Bets

In other Vertiv news, EVP Stephen Liang sold 43,683 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the transaction, the executive vice president now owns 9,551 shares of the company's stock, valued at $1,106,292.33. The trade was a 82.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction dated 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 of the company's stock, valued at $1,777,837.51. The trade was a 22.59% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.01% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on VRT. Citigroup boosted their target price on Vertiv from $98.00 to $130.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Wall Street Zen raised Vertiv from a "buy" rating to a "strong-buy" rating in a research note on Saturday. JPMorgan Chase & Co. increased 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. Barclays lowered their target price on Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research note on Friday, April 4th. Finally, The Goldman Sachs Group increased their price objective on shares of Vertiv from $106.00 to $122.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $126.69.

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.

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