Vertiv Holdings Co (NYSE:VRT) Shares Acquired by Ayrshire Capital Management LLC

Ayrshire Capital Management LLC raised its holdings in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 387.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,064 shares of the company's stock after acquiring an additional 23,103 shares during the quarter. Vertiv makes up 1.0% of Ayrshire Capital Management LLC's portfolio, making the stock its 27th largest holding. Ayrshire Capital Management LLC's holdings in Vertiv were worth $2,098,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of VRT. Empowered Funds LLC lifted its position in shares of Vertiv by 67.0% in the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock valued at $1,043,000 after acquiring an additional 3,682 shares in the last quarter. Sound View Wealth Advisors Group LLC purchased a new position in Vertiv in the 4th quarter worth approximately $1,218,000. Schroder Investment Management Group lifted its holdings in Vertiv by 95.3% in the 4th quarter. Schroder Investment Management Group now owns 1,167,536 shares of the company's stock worth $135,621,000 after purchasing an additional 569,722 shares in the last quarter. Bedell Frazier Investment Counselling LLC purchased a new position in Vertiv in the 4th quarter worth approximately $415,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Vertiv by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,746,111 shares of the company's stock worth $198,376,000 after purchasing an additional 45,917 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Stephen Liang sold 43,683 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Karsten Winther sold 5,500 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the transaction, the insider now owns 18,847 shares in the company, valued at approximately $1,777,837.51. This represents a 22.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.63% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VRT. Roth Capital raised shares of Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Morgan Stanley lowered 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. Roth Mkm initiated coverage on shares of Vertiv in a research note on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price target on the stock. Royal Bank of Canada started coverage on shares of Vertiv in a research note on Friday, March 7th. They set an "outperform" rating and a $121.00 price target on the stock. Finally, Evercore ISI restated an "outperform" rating and set a $150.00 target price (up from $100.00) on shares of Vertiv in a research report on Tuesday, May 27th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $124.69.

Vertiv Trading Up 1.9%

VRT stock traded up $2.06 during trading on Wednesday, hitting $110.53. The company had a trading volume of 5,554,315 shares, compared to its average volume of 8,737,991. The firm has a market capitalization of $42.12 billion, a P/E ratio of 86.35, a PEG ratio of 1.07 and a beta of 1.73. Vertiv Holdings Co has a 52-week low of $53.60 and a 52-week high of $155.84. The company has a 50 day simple moving average of $91.50 and a 200-day simple moving average of $104.22. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The business 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 posted $0.43 earnings per share. The company's quarterly revenue was up 24.2% compared to the same quarter last year. As a group, research analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

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.