Vertiv Holdings Co. (NYSE:VRT) Stake Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 6.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,852,401 shares of the company's stock after purchasing an additional 106,290 shares during the period. Charles Schwab Investment Management Inc. owned about 0.49% of Vertiv worth $133,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of VRT. Vanguard Group Inc. raised its holdings in Vertiv by 3.7% during the first quarter. Vanguard Group Inc. now owns 37,715,159 shares of the company's stock worth $2,723,034,000 after purchasing an additional 1,359,070 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Vertiv by 54.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,314,934 shares of the company's stock worth $263,000,000 after purchasing an additional 812,389 shares during the last quarter. Northern Trust Corp raised its holdings in Vertiv by 21.9% during the fourth quarter. Northern Trust Corp now owns 2,713,234 shares of the company's stock worth $308,251,000 after purchasing an additional 487,909 shares during the last quarter. Voloridge Investment Management LLC raised its holdings in Vertiv by 370.7% during the fourth quarter. Voloridge Investment Management LLC now owns 607,384 shares of the company's stock worth $69,005,000 after purchasing an additional 478,350 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in Vertiv by 52.5% during the fourth quarter. Royal Bank of Canada now owns 1,173,242 shares of the company's stock worth $133,293,000 after purchasing an additional 403,882 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on VRT. Royal Bank Of Canada boosted their price target on Vertiv from $143.00 to $162.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Morgan Stanley reissued an "overweight" rating on shares of Vertiv in a report on Sunday. Cowen reissued a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. The Goldman Sachs Group reissued a "buy" rating on shares of Vertiv in a report on Friday, July 11th. Finally, KGI Securities began coverage on Vertiv in a report on Thursday, April 24th. They issued a "hold" rating for the company. Three analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $144.06.

Insider Buying and Selling at Vertiv

In other news, EVP Stephen Liang sold 43,683 shares of the firm's 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 completion of the sale, the executive vice president directly owned 9,551 shares of the company's stock, valued at $1,106,292.33. This trade represents a 82.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.01% of the stock is currently owned by corporate insiders.

Vertiv Stock Performance

VRT stock traded up $3.99 on Tuesday, reaching $143.82. The company's stock had a trading volume of 6,185,424 shares, compared to its average volume of 9,340,302. Vertiv Holdings Co. has a 52 week low of $53.60 and a 52 week high of $155.84. The company has a market capitalization of $54.92 billion, a P/E ratio of 68.81, a price-to-earnings-growth ratio of 1.23 and a beta of 1.77. The firm has a fifty day moving average of $126.25 and a two-hundred day moving average of $104.31. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.74 and a quick ratio of 1.35.

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

Vertiv Increases Dividend

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

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.