Citizens Financial Group Inc. RI Invests $628,000 in Vertiv Holdings Co. (NYSE:VRT)

Citizens Financial Group Inc. RI bought a new stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 8,701 shares of the company's stock, valued at approximately $628,000.

Several other large investors have also recently made changes to their positions in the company. Focus Partners Advisor Solutions LLC raised its position in shares of Vertiv by 3.1% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company's stock worth $367,000 after acquiring an additional 97 shares during the period. Utah Retirement Systems increased its stake in shares of Vertiv by 0.3% in the 4th quarter. Utah Retirement Systems now owns 39,300 shares of the company's stock valued at $4,465,000 after purchasing an additional 100 shares in the last quarter. Wahed Invest LLC increased its stake in shares of Vertiv by 1.2% in the 4th quarter. Wahed Invest LLC now owns 8,798 shares of the company's stock valued at $1,000,000 after purchasing an additional 105 shares in the last quarter. Ellevest Inc. raised its holdings in Vertiv by 5.9% in the 4th quarter. Ellevest Inc. now owns 2,393 shares of the company's stock worth $272,000 after purchasing an additional 133 shares during the period. Finally, Commerce Bank boosted its position in Vertiv by 0.7% during the first quarter. Commerce Bank now owns 20,739 shares of the company's stock worth $1,497,000 after purchasing an additional 134 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Trading Up 0.4%

Shares of VRT stock opened at $139.90 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 0.93. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $155.84. The company's 50-day moving average price is $125.64 and its 200-day moving average price is $105.00. The stock has a market cap of $53.32 billion, a price-to-earnings ratio of 66.94, a PEG ratio of 1.23 and a beta of 1.77.

Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.12. The company had revenue of $2.64 billion for 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%. Vertiv's revenue was up 35.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.67 EPS. As a group, equities analysts predict that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were given a $0.0375 dividend. This is an increase from Vertiv's previous dividend of $0.01. This represents a yield of 14.0%. The ex-dividend date was Monday, June 16th. Vertiv's dividend payout ratio (DPR) is presently 7.18%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on VRT. JPMorgan Chase & Co. upped their target price on Vertiv from $127.00 to $150.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. William Blair started coverage on shares of Vertiv in a research report on Monday, July 28th. They set an "outperform" rating for the company. Bank of America increased their price objective on shares of Vertiv from $140.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, July 17th. KGI Securities began coverage on shares of Vertiv in a research note on Thursday, April 24th. They set a "hold" rating for the company. Finally, Evercore ISI restated an "outperform" rating on shares of Vertiv in a research report on Thursday, July 10th. Three analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Vertiv has a consensus rating of "Moderate Buy" and an average target price of $144.06.

Insider Buying and Selling

In other news, EVP Stephen Liang sold 43,683 shares of the 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 transaction, the executive vice president directly owned 9,551 shares in the company, valued at approximately $1,106,292.33. This represents a 82.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.63% of the stock is owned by corporate insiders.

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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