Capital Planning Advisors LLC Purchases 7,989 Shares of Vertiv Holdings Co. (NYSE:VRT)

Key Points

• Capital Planning Advisors LLC increased its holdings in Vertiv Holdings Co. by 69.5% in the first quarter, owning 19,479 shares valued at approximately $1.4 million.
• Vertiv reported earnings per share of $0.95 for the last quarter, exceeding the consensus estimate of $0.83, with revenue up 35.1% year-over-year.
• The company announced a dividend increase to $0.0375 per share, resulting in a yield of 14.0%, reflecting strengthened financial performance.

Capital Planning Advisors LLC boosted its position in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 69.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,479 shares of the company's stock after acquiring an additional 7,989 shares during the quarter. Capital Planning Advisors LLC's holdings in Vertiv were worth $1,406,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in VRT. Ibex Wealth Advisors increased its holdings in shares of Vertiv by 10.5% in the first quarter. Ibex Wealth Advisors now owns 73,739 shares of the company's stock worth $5,324,000 after buying an additional 6,989 shares during the period. Gallo Partners LP purchased a new position in shares of Vertiv in the fourth quarter worth about $1,826,000. Viking Fund Management LLC increased its holdings in shares of Vertiv by 123.5% in the first quarter. Viking Fund Management LLC now owns 38,000 shares of the company's stock worth $2,744,000 after buying an additional 21,000 shares during the period. Outlook Wealth Advisors LLC purchased a new position in shares of Vertiv in the first quarter worth about $475,000. Finally, Maxi Investments CY Ltd increased its holdings in shares of Vertiv by 160.3% in the first quarter. Maxi Investments CY Ltd now owns 26,025 shares of the company's stock worth $1,879,000 after buying an additional 16,025 shares during the period. Institutional investors own 89.92% of the company's stock.

Insider Activity

In other news, EVP Stephen Liang sold 43,683 shares of the business's stock in a transaction 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 completion of 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 SEC, which is available at this link. 5.01% of the stock is currently owned by insiders.

Vertiv Stock Performance

VRT traded up $4.27 during mid-day trading on Tuesday, reaching $144.10. 754,175 shares of the company traded hands, compared to its average volume of 9,305,026. The stock has a market capitalization of $55.03 billion, a P/E ratio of 68.76, a P/E/G ratio of 1.23 and a beta of 1.77. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 0.93. The company's fifty day moving average price is $126.25 and its 200-day moving average price is $104.31. Vertiv Holdings Co. has a 52-week low of $53.60 and a 52-week high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results 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. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.36 billion. Vertiv had a net margin of 8.93% and a return on equity of 51.64%. The company's quarterly revenue was up 35.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.67 EPS. On average, sell-side analysts expect 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 dividend of $0.0375 per share. This represents a dividend yield of 14.0%. The ex-dividend date of this dividend was Monday, June 16th. This is a positive change from Vertiv's previous dividend of $0.01. Vertiv's payout ratio is presently 7.18%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on VRT shares. Bank of America raised their target price on Vertiv from $140.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Melius Research raised Vertiv from a "hold" rating to a "strong-buy" rating and raised their target price for the stock from $134.00 to $165.00 in a research note on Tuesday, July 8th. Royal Bank Of Canada raised their target price on Vertiv from $143.00 to $162.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Mizuho raised their target price on Vertiv from $125.00 to $150.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 16th. Finally, Roth Capital raised their target price on Vertiv from $100.00 to $157.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Three research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Vertiv presently has an average rating of "Moderate Buy" and an average price target of $144.06.

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.