AXS Investments LLC Has $902,000 Stock Position in Vertiv Holdings Co. (NYSE:VRT)

Key Points

• AXS Investments LLC reduced its stake in Vertiv Holdings Co. (NYSE:VRT) by 46.4%, leaving it with 12,500 shares valued at approximately $902,000.
• Analysts have recently adjusted their price targets for Vertiv, with Bank of America raising its target from $140 to $150, reflecting a positive outlook following a strong revenue report.
• Vertiv has also announced a dividend increase, raising its payout from $0.01 to $0.0375 per share, representing a yield of 14.0%.

AXS Investments LLC decreased its position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 46.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,500 shares of the company's stock after selling 10,802 shares during the period. AXS Investments LLC's holdings in Vertiv were worth $902,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of VRT. GW&K Investment Management LLC acquired a new stake in Vertiv during the first quarter valued at $26,000. North Star Investment Management Corp. lifted its position 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 purchasing an additional 412 shares during the last quarter. Sachetta LLC lifted its position 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 purchasing an additional 317 shares during the last quarter. Colonial Trust Co SC lifted its position 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 purchasing an additional 214 shares during the last quarter. Finally, Ameriflex Group Inc. bought a new position in Vertiv during the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on VRT. Bank of America boosted their price target on Vertiv from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Mizuho upped their price objective on Vertiv from $125.00 to $150.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. Roth Capital upped their price objective on Vertiv from $100.00 to $157.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. William Blair started coverage on Vertiv in a report on Monday, July 28th. They set an "outperform" rating on the stock. Finally, JPMorgan Chase & Co. upped their price objective on Vertiv from $127.00 to $150.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Three equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Vertiv currently has a consensus rating of "Moderate Buy" and an average target price of $144.06.

Vertiv Stock Performance

Shares of Vertiv stock opened at $139.69 on Thursday. The company has a market capitalization of $53.24 billion, a PE ratio of 66.84, a PEG ratio of 1.22 and a beta of 1.77. Vertiv Holdings Co. has a 12 month low of $53.60 and a 12 month high of $155.84. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 0.93. The stock's fifty day simple moving average is $124.38 and its 200 day simple moving average is $104.99.

Vertiv (NYSE:VRT - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.12. The firm had revenue of $2.64 billion during 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 revenue was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 EPS. On average, research analysts predict that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were issued a dividend of $0.0375 per share. This is a boost from Vertiv's previous dividend of $0.01. The ex-dividend date was Monday, June 16th. This represents a yield of 14.0%. Vertiv's dividend payout ratio is currently 7.18%.

Insider Transactions at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the 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 completion of the transaction, the insider owned 18,847 shares in the company, valued at approximately $1,777,837.51. This represents a 22.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Stephen Liang sold 43,683 shares of the stock in a transaction dated 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 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. 2.63% of the stock is currently owned by corporate insiders.

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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