Blueshift Asset Management LLC Makes New Investment in Vertiv Holdings Co. (NYSE:VRT)

Key Points

• Blueshift Asset Management LLC has made a new investment of approximately $760,000 in Vertiv Holdings Co. by acquiring 10,526 shares, marking a significant stake acquisition during the first quarter.
• Vertiv's recent quarterly earnings report revealed an EPS of $0.95, surpassing estimates of $0.83, which contributed to a year-over-year revenue increase of 35.1%.
• The company announced a dividend increase to $0.0375 per share, yielding 14.0%, reflecting its commitment to returning value to shareholders.

Blueshift Asset Management LLC bought a new position in Vertiv Holdings Co. (NYSE:VRT - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 10,526 shares of the company's stock, valued at approximately $760,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Ibex Wealth Advisors boosted its holdings in shares of Vertiv by 10.5% during the 1st quarter. Ibex Wealth Advisors now owns 73,739 shares of the company's stock valued at $5,324,000 after buying an additional 6,989 shares in the last quarter. Gallo Partners LP bought a new stake in shares of Vertiv during the 4th quarter valued at $1,826,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Vertiv during the 4th quarter valued at $597,379,000. Viking Fund Management LLC boosted its holdings in shares of Vertiv by 123.5% during the 1st quarter. Viking Fund Management LLC now owns 38,000 shares of the company's stock valued at $2,744,000 after buying an additional 21,000 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Vertiv by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock valued at $688,260,000 after buying an additional 99,181 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Price Performance

VRT stock traded down $3.94 during midday trading on Friday, hitting $141.66. The company's stock had a trading volume of 10,317,134 shares, compared to its average volume of 8,340,559. Vertiv Holdings Co. has a 12 month low of $53.60 and a 12 month high of $155.84. The company has a quick ratio of 1.28, a current ratio of 1.74 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $53.99 billion, a price-to-earnings ratio of 67.78, a price-to-earnings-growth ratio of 1.36 and a beta of 1.77. The company has a 50 day moving average of $122.46 and a two-hundred day moving average of $104.87.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.12. Vertiv had a return on equity of 51.64% and a net margin of 8.93%. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter last year, the business posted $0.67 earnings per share. The business's quarterly revenue was up 35.1% compared to the same quarter last year. On average, analysts expect that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on VRT shares. The Goldman Sachs Group reiterated a "buy" rating on shares of Vertiv in a research note on Friday, July 11th. Evercore ISI reiterated an "outperform" rating on shares of Vertiv in a research note on Thursday, July 10th. Citigroup upped their price target on shares of Vertiv from $130.00 to $149.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. UBS Group upped their price target on shares of Vertiv from $135.00 to $173.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, JPMorgan Chase & Co. upped their price target on shares of Vertiv from $127.00 to $150.00 and gave the stock an "overweight" rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating, eighteen have issued 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 a consensus price target of $144.06.

Insiders Place Their Bets

In other Vertiv news, 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 transaction of $518,815.00. Following the completion of the transaction, the insider directly owned 18,847 shares of the company's stock, valued at $1,777,837.51. The trade was a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the executive vice president directly owned 9,551 shares of the company's stock, valued at $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.63% of the company's stock.

About Vertiv

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.