Albion Financial Group UT Has $7.67 Million Stock Holdings in Vertiv Holdings Co. (NYSE:VRT)

Albion Financial Group UT lowered its position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 2.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 106,268 shares of the company's stock after selling 2,419 shares during the period. Albion Financial Group UT's holdings in Vertiv were worth $7,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in the company. North Star Investment Management Corp. grew its position in shares of Vertiv by 4,120.0% during the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock worth $30,000 after acquiring an additional 412 shares during the last quarter. Colonial Trust Co SC lifted its position in 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. Ameriflex Group Inc. bought a new stake in shares of Vertiv in the fourth quarter worth $37,000. TD Private Client Wealth LLC raised its holdings in shares of Vertiv by 150.7% during the fourth quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock worth $42,000 after purchasing an additional 223 shares during the period. Finally, Mizuho Securities Co. Ltd. bought a new stake in Vertiv in the first quarter valued at $43,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Vertiv Trading Down 4.6%

Shares of VRT stock traded down $5.87 on Tuesday, reaching $122.54. 8,720,512 shares of the company's stock were exchanged, compared to its average volume of 8,563,882. The company has a current ratio of 1.72, a quick ratio of 1.28 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $46.70 billion, a PE ratio of 71.24, a P/E/G ratio of 1.28 and a beta of 1.75. The company's fifty day simple moving average is $105.61 and its 200 day simple moving average is $103.14. 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 posted its earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the company earned $0.43 earnings per share. Vertiv's revenue for the quarter was up 24.2% compared to the same quarter last year. As a group, analysts forecast that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were paid a $0.0375 dividend. The ex-dividend date was Monday, June 16th. This is a boost from Vertiv's previous dividend of $0.01. This represents a yield of 0.14%. Vertiv's dividend payout ratio (DPR) is currently 8.72%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Roth Mkm assumed coverage on Vertiv in a research report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price target for the company. Evercore ISI reaffirmed an "outperform" rating and issued a $150.00 target price (up previously from $100.00) on shares of Vertiv in a report on Tuesday, May 27th. Barclays lowered their price objective on Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. JPMorgan Chase & Co. boosted their target price on Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Finally, Wall Street Zen raised shares of Vertiv from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 21st. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.