Brown Lisle Cummings Inc. Has $1.72 Million Stock Holdings in Vertiv Holdings Co. (NYSE:VRT)

Brown Lisle Cummings Inc. increased its holdings in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 15.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,837 shares of the company's stock after purchasing an additional 3,262 shares during the period. Brown Lisle Cummings Inc.'s holdings in Vertiv were worth $1,721,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA bought a new stake in Vertiv during the fourth quarter worth about $597,379,000. Norges Bank bought a new stake in Vertiv during the fourth quarter worth about $391,777,000. Arrowstreet Capital Limited Partnership grew its stake in Vertiv by 136.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company's stock worth $379,101,000 after buying an additional 1,928,275 shares during the last quarter. Vanguard Group Inc. grew its stake in Vertiv by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock worth $4,130,415,000 after buying an additional 1,244,780 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in Vertiv by 25.3% during the fourth quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock worth $557,349,000 after buying an additional 990,361 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Insider Activity

In related news, insider Karsten Winther sold 5,500 shares of Vertiv 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 sale, the insider now directly owns 18,847 shares of the company's stock, valued at approximately $1,777,837.51. The trade was a 22.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Stephen Liang sold 43,683 shares of Vertiv 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 sale, the executive vice president now directly owns 9,551 shares in the company, valued at $1,106,292.33. This trade represents a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.01% of the company's stock.

Vertiv Price Performance

Shares of Vertiv stock opened at $118.69 on Monday. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $155.84. The company has a quick ratio of 1.28, a current ratio of 1.72 and a debt-to-equity ratio of 1.09. The company has a 50-day simple moving average of $99.40 and a two-hundred day simple moving average of $103.27. The stock has a market capitalization of $45.23 billion, a price-to-earnings ratio of 69.01, a price-to-earnings-growth ratio of 1.19 and a beta of 1.73.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. The business had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the previous year, the company earned $0.43 EPS. The business's revenue was up 24.2% on a year-over-year basis. Analysts forecast that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th will be given a $0.0375 dividend. The ex-dividend date is Monday, June 16th. This is a boost from Vertiv's previous dividend of $0.01. This represents a dividend yield of 0.14%. Vertiv's payout ratio is presently 8.72%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Evercore ISI reissued an "outperform" rating and set a $150.00 price target (up from $100.00) on shares of Vertiv in a research note on Tuesday, May 27th. Wall Street Zen upgraded shares of Vertiv from a "buy" rating to a "strong-buy" rating in a report on Saturday. Roth Capital upgraded shares of Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Royal Bank Of Canada began coverage on shares of Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price objective on the stock. Finally, The Goldman Sachs Group increased their price objective on shares of Vertiv from $106.00 to $122.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $126.69.

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.

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