Vertiv Holdings Co. (NYSE:VRT) Shares Bought by Cerity Partners LLC

Cerity Partners LLC boosted its holdings in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 41.2% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 68,670 shares of the company's stock after buying an additional 20,048 shares during the period. Cerity Partners LLC's holdings in Vertiv were worth $4,958,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Vertiv by 3.5% in the fourth 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 period. Geode Capital Management LLC raised its stake in shares of Vertiv by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock valued at $688,260,000 after purchasing an additional 99,181 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in shares of Vertiv during the fourth quarter valued at approximately $597,379,000. Wellington Management Group LLP raised its stake in shares of Vertiv by 25.3% during the fourth quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock valued at $557,349,000 after purchasing an additional 990,361 shares during the period. Finally, Clearbridge Investments LLC raised its stake in shares of Vertiv by 4.8% during the fourth quarter. Clearbridge Investments LLC now owns 3,647,326 shares of the company's stock valued at $414,373,000 after purchasing an additional 167,061 shares during the period. Hedge funds and other institutional investors own 89.92% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Oppenheimer lifted their price objective on shares of Vertiv from $132.00 to $140.00 and gave the company an "outperform" rating in a research note on Thursday. Citigroup lifted their price objective on shares of Vertiv from $130.00 to $149.00 and gave the company a "buy" rating in a research note on Monday. Cowen reiterated a "buy" rating on shares of Vertiv in a research note on Thursday, April 24th. UBS Group reiterated a "buy" rating on shares of Vertiv in a research note on Friday, July 11th. Finally, KGI Securities started coverage on shares of Vertiv in a research note on Thursday, April 24th. They issued a "hold" rating for the company. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $136.76.

Insider Buying and Selling at Vertiv

In related news, insider Karsten Winther sold 5,500 shares of the company's stock in a transaction dated Friday, May 9th. The shares were 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 of the company's stock, valued at $1,777,837.51. This represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the company's stock in a transaction dated 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 completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders own 2.63% of the company's stock.

Vertiv Stock Performance

VRT stock traded up $5.75 during trading on Thursday, hitting $131.15. 7,983,921 shares of the company's stock traded hands, compared to its average volume of 8,587,770. 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 stock has a fifty day moving average price of $114.73 and a two-hundred day moving average price of $103.93. The stock has a market capitalization of $49.98 billion, a price-to-earnings ratio of 40.98, a price-to-earnings-growth ratio of 1.25 and a beta of 1.75.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company's revenue for the quarter was up 24.2% compared to the same quarter last year. As a group, equities analysts anticipate that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were issued a dividend of $0.0375 per share. This is an increase from Vertiv's previous dividend of $0.01. The ex-dividend date was Monday, June 16th. This represents a dividend yield of 0.14%. Vertiv's payout ratio is 8.72%.

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.