Vertiv Holdings Co. (NYSE:VRT) Shares Purchased by Chicago Capital LLC

Chicago Capital LLC grew its holdings in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 4.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 114,753 shares of the company's stock after purchasing an additional 4,467 shares during the period. Chicago Capital LLC's holdings in Vertiv were worth $8,285,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Prestige Wealth Management Group LLC raised its stake in Vertiv by 2.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company's stock worth $420,000 after acquiring an additional 85 shares during the last quarter. Horizon Investment Services LLC grew its position in Vertiv by 4.1% during the 4th quarter. Horizon Investment Services LLC now owns 2,410 shares of the company's stock worth $274,000 after purchasing an additional 95 shares during the period. Focus Partners Advisor Solutions LLC grew its position in Vertiv by 3.1% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company's stock worth $367,000 after purchasing an additional 97 shares during the period. Utah Retirement Systems grew its position in Vertiv by 0.3% during the 4th quarter. Utah Retirement Systems now owns 39,300 shares of the company's stock worth $4,465,000 after purchasing an additional 100 shares during the period. Finally, Wahed Invest LLC grew its position in Vertiv by 1.2% during the 4th quarter. Wahed Invest LLC now owns 8,798 shares of the company's stock worth $1,000,000 after purchasing an additional 105 shares during the period. Hedge funds and other institutional investors own 89.92% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Morgan Stanley cut their price target on Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Royal Bank Of Canada assumed coverage on Vertiv in a research report on Friday, March 7th. They set an "outperform" rating and a $121.00 price target on the stock. JPMorgan Chase & Co. increased their price target on Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. The Goldman Sachs Group increased their price target on Vertiv from $106.00 to $122.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Finally, Citigroup raised their target price on Vertiv from $98.00 to $130.00 and gave the company a "buy" rating in a research report on Monday. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $126.69.

Vertiv Price Performance

VRT stock traded up $2.58 during trading on Wednesday, hitting $119.19. The stock had a trading volume of 6,288,672 shares, compared to its average volume of 8,675,970. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.72 and a quick ratio of 1.28. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $155.84. The stock has a market capitalization of $45.42 billion, a P/E ratio of 69.30, a PEG ratio of 1.21 and a beta of 1.73. The company's 50-day moving average price is $96.45 and its two-hundred day moving average price is $103.69.

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

Vertiv Increases Dividend

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

Insider Transactions at Vertiv

In other news, insider Karsten Winther sold 5,500 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $94.33, for a total transaction of $518,815.00. Following the transaction, the insider now directly owns 18,847 shares in the company, valued at $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 at this hyperlink. Also, EVP Stephen Liang sold 43,683 shares of the business's 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 transaction, the executive vice president now owns 9,551 shares in the company, valued at approximately $1,106,292.33. This represents a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.63% of the company's stock.

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.