Vertiv Holdings Co. (NYSE:VRT) Shares Acquired by Baldwin Investment Management LLC

Key Points

• Baldwin Investment Management LLC has increased its stake in Vertiv Holdings Co. by 18.1%, bringing its total holdings to approximately $2.78 million.
• Institutional ownership of Vertiv is high, comprising 89.92% of the stock, with several other firms like Mitsubishi UFJ and Blair William & Co. significantly increasing their positions recently.
• Analysts generally view Vertiv positively, with fifteen analysts giving it a buy rating and an average price target of $136.76.

Baldwin Investment Management LLC increased its holdings in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 18.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,431 shares of the company's stock after buying an additional 5,893 shares during the quarter. Baldwin Investment Management LLC's holdings in Vertiv were worth $2,775,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in VRT. Focus Partners Advisor Solutions LLC grew its stake in shares of Vertiv by 3.1% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company's stock valued at $367,000 after buying an additional 97 shares in the last quarter. Utah Retirement Systems grew its stake in Vertiv by 0.3% during the 4th quarter. Utah Retirement Systems now owns 39,300 shares of the company's stock valued at $4,465,000 after purchasing an additional 100 shares in the last quarter. Wahed Invest LLC grew its stake in Vertiv by 1.2% during the 4th quarter. Wahed Invest LLC now owns 8,798 shares of the company's stock valued at $1,000,000 after purchasing an additional 105 shares in the last quarter. Ellevest Inc. grew its stake in Vertiv by 5.9% during the 4th quarter. Ellevest Inc. now owns 2,393 shares of the company's stock valued at $272,000 after purchasing an additional 133 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its stake in Vertiv by 37.5% during the 1st quarter. TD Private Client Wealth LLC now owns 510 shares of the company's stock valued at $37,000 after purchasing an additional 139 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Stock Performance

Shares of NYSE VRT traded up $2.66 during mid-day trading on Thursday, hitting $146.83. The company had a trading volume of 7,741,565 shares, compared to its average volume of 9,513,094. The stock has a market cap of $55.96 billion, a price-to-earnings ratio of 85.45, a PEG ratio of 1.41 and a beta of 1.75. Vertiv Holdings Co. has a 12 month low of $53.60 and a 12 month 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 firm's 50 day simple moving average is $120.88 and its two-hundred day simple moving average is $104.63.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.12. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.36 billion. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The business's revenue was up 35.1% on a year-over-year basis. During the same quarter last year, the business posted $0.67 EPS. As a group, equities research analysts forecast that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a yield of 0.14%. This is an increase from Vertiv's previous dividend of $0.01. Vertiv's payout ratio is presently 8.72%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on VRT shares. KGI Securities started coverage on Vertiv in a research note on Thursday, April 24th. They set a "hold" rating for the company. Mizuho raised their price objective on Vertiv from $125.00 to $150.00 and gave the company an "outperform" rating in a research note on Wednesday, July 16th. Royal Bank Of Canada raised their price objective on Vertiv from $143.00 to $162.00 and gave the company an "outperform" rating in a research note on Thursday. Roth Mkm initiated coverage on Vertiv in a research note on Tuesday, April 8th. They set a "buy" rating and a $75.00 price objective for the company. Finally, Citigroup lifted their target price on Vertiv from $130.00 to $149.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Three investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Vertiv presently has a consensus rating of "Moderate Buy" and an average price target of $141.78.

Insider Buying and Selling at Vertiv

In other Vertiv news, EVP Stephen Liang sold 43,683 shares of Vertiv stock in a transaction 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 sale, the executive vice president owned 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.33, for a total value 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 insiders.

Vertiv 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.