Brookwood Investment Group LLC Acquires Shares of 3,400 Vertiv Holdings Co. (NYSE:VRT)

Key Points

• Brookwood Investment Group LLC has invested approximately $245,000 in Vertiv Holdings Co., acquiring 3,400 shares during the first quarter.
• Vertiv's stock recently saw a 5.1% increase and has a market capitalization of $52.41 billion.
• The company reported $0.64 earnings per share in its last quarterly earnings, exceeding analysts' expectations and demonstrating a 24.2% year-over-year revenue growth.

Brookwood Investment Group LLC purchased a new position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,400 shares of the company's stock, valued at approximately $245,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GW&K Investment Management LLC acquired a new position in Vertiv in the first quarter valued at approximately $26,000. North Star Investment Management Corp. raised its position in shares of Vertiv by 4,120.0% during the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock worth $30,000 after purchasing an additional 412 shares during the period. Sachetta LLC raised its position in Vertiv by 242.0% in the 1st quarter. Sachetta LLC now owns 448 shares of the company's stock valued at $32,000 after buying an additional 317 shares during the last quarter. Colonial Trust Co SC raised its position in Vertiv by 211.9% in the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company's stock valued at $36,000 after buying an additional 214 shares during the last quarter. Finally, Ameriflex Group Inc. purchased a new stake in Vertiv in the 4th quarter valued at $37,000. 89.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on VRT shares. Bank of America upped their price objective on Vertiv from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Cowen reiterated a "buy" rating on shares of Vertiv in a research note on Thursday, April 24th. William Blair assumed coverage on Vertiv in a report on Monday. They set an "outperform" rating on the stock. Wall Street Zen raised Vertiv from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 21st. Finally, Melius Research raised Vertiv from a "hold" rating to a "strong-buy" rating and raised their price target for the company from $134.00 to $165.00 in a report on Tuesday, July 8th. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Vertiv has a consensus rating of "Moderate Buy" and a consensus price target of $137.89.

Vertiv Price Performance

Shares of NYSE VRT traded down $0.70 during trading hours on Wednesday, reaching $142.00. 7,975,437 shares of the stock traded hands, compared to its average volume of 9,448,899. The company has a market capitalization of $54.12 billion, a P/E ratio of 83.31, a price-to-earnings-growth ratio of 1.42 and a beta of 1.75. The company has a quick ratio of 1.28, a current ratio of 1.72 and a debt-to-equity ratio of 1.09. Vertiv Holdings Co. has a 52-week low of $53.60 and a 52-week high of $155.84. The company's 50-day simple moving average is $120.06 and its two-hundred day simple moving average is $104.35.

Vertiv (NYSE:VRT - Get Free Report) last posted 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. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period last year, the company earned $0.67 EPS. Vertiv's revenue for the quarter was up 35.1% compared to the same quarter last year. Equities research analysts forecast that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

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

Insider Buying and Selling

In other news, EVP Stephen Liang sold 43,683 shares of Vertiv stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $115.83, for a total value of $5,059,801.89. Following the sale, the executive vice president directly owned 9,551 shares in the company, valued at approximately $1,106,292.33. This trade represents a 82.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $94.33, for a total value of $518,815.00. Following the completion of the sale, the insider owned 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. 5.01% of the stock is currently owned by company 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.