Axxcess Wealth Management LLC Buys 2,383 Shares of Vertiv Holdings Co. (NYSE:VRT)

Axxcess Wealth Management LLC grew its stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 29.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,347 shares of the company's stock after buying an additional 2,383 shares during the quarter. Axxcess Wealth Management LLC's holdings in Vertiv were worth $747,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in VRT. Assetmark Inc. raised its position in shares of Vertiv by 2,000.0% during the 4th quarter. Assetmark Inc. now owns 546 shares of the company's stock valued at $62,000 after buying an additional 520 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Vertiv during the 4th quarter valued at $14,495,000. PNC Financial Services Group Inc. raised its position in shares of Vertiv by 17.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 32,954 shares of the company's stock valued at $3,744,000 after buying an additional 4,888 shares in the last quarter. AlphaQuest LLC raised its position in shares of Vertiv by 98.2% during the 4th quarter. AlphaQuest LLC now owns 2,793 shares of the company's stock valued at $317,000 after buying an additional 1,384 shares in the last quarter. Finally, Moors & Cabot Inc. raised its position in shares of Vertiv by 8.5% during the 4th quarter. Moors & Cabot Inc. now owns 6,762 shares of the company's stock valued at $768,000 after buying an additional 527 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Analyst Ratings Changes

VRT has been the topic of several research reports. Roth Capital upgraded shares of Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Wolfe Research restated an "outperform" rating and set a $155.00 price objective on shares of Vertiv in a research report on Thursday. Melius Research upgraded shares of Vertiv from a "hold" rating to a "strong-buy" rating and raised their price objective for the company from $134.00 to $165.00 in a research report on Tuesday. KGI Securities assumed coverage on shares of Vertiv in a report on Thursday, April 24th. They set a "hold" rating on the stock. Finally, Morgan Stanley reduced their target price on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $134.24.

Vertiv Trading Up 2.2%

Vertiv stock traded up $2.69 during trading hours on Friday, reaching $123.41. The stock had a trading volume of 7,216,508 shares, compared to its average volume of 8,625,326. The stock has a market cap of $47.03 billion, a PE ratio of 71.75, a PEG ratio of 1.20 and a beta of 1.75. Vertiv Holdings Co. has a 52 week low of $53.60 and a 52 week high of $155.84. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.72 and a quick ratio of 1.28. The company has a fifty day simple moving average of $112.86 and a 200-day simple moving average of $103.76.

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

Vertiv Increases Dividend

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

Insiders Place Their Bets

In other Vertiv news, EVP Stephen Liang sold 43,683 shares of the firm's stock in a transaction 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 $1,106,292.33. This trade represents a 82.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the sale, the insider directly owned 18,847 shares in the company, 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. 2.63% of the stock is owned by company 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.