Birch Hill Investment Advisors LLC Buys New Stake in Vertiv Holdings Co. (NYSE:VRT)

Birch Hill Investment Advisors LLC purchased a new stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 3,415 shares of the company's stock, valued at approximately $247,000.

Other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA acquired a new stake in shares of Vertiv during the 4th quarter worth $597,379,000. Norges Bank acquired a new stake in Vertiv in the 4th quarter valued at $391,777,000. Arrowstreet Capital Limited Partnership increased its holdings in Vertiv by 136.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company's stock valued at $379,101,000 after purchasing an additional 1,928,275 shares in the last quarter. Vanguard Group Inc. boosted its position in Vertiv by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock valued at $4,130,415,000 after buying an additional 1,244,780 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in Vertiv by 25.3% in the 4th quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock valued at $557,349,000 after buying an additional 990,361 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Price Performance

Shares of Vertiv stock opened at $116.79 on Wednesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.28 and a current ratio of 1.72. The firm's 50-day simple moving average is $96.45 and its 200-day simple moving average is $103.69. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $155.84. The firm has a market cap of $44.51 billion, a P/E ratio of 67.90, a price-to-earnings-growth ratio of 1.21 and a beta of 1.73.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. The firm 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 for the quarter was up 24.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 earnings per share. As a group, research analysts expect that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

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

Insiders Place Their Bets

In other Vertiv news, EVP Stephen Liang sold 43,683 shares of the 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 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 SEC, which is accessible through the SEC website. Also, insider Karsten Winther sold 5,500 shares of the stock in a transaction on 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 sale, the insider now owns 18,847 shares in the company, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.01% of the company's stock.

Analyst Upgrades and Downgrades

VRT has been the topic of several research analyst reports. Barclays reduced their price target on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Friday, April 4th. Evercore ISI reissued 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. Morgan Stanley dropped their price target on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Roth Capital upgraded shares of Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Finally, Citigroup raised their price objective on shares of Vertiv from $98.00 to $130.00 and gave the company a "buy" rating in a research note on Monday. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $126.69.

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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