Colonial River Investments LLC Buys 2,346 Shares of Vertiv Holdings Co. (NYSE:VRT)

Colonial River Investments LLC raised its stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 29.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,347 shares of the company's stock after purchasing an additional 2,346 shares during the period. Colonial River Investments LLC's holdings in Vertiv were worth $747,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in VRT. Vanguard Group Inc. raised its stake in Vertiv by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock worth $4,130,415,000 after buying an additional 1,244,780 shares during the period. Geode Capital Management LLC increased its holdings 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 acquiring an additional 99,181 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Vertiv during the fourth quarter worth approximately $597,379,000. Wellington Management Group LLP lifted its holdings in shares of Vertiv by 25.3% in the 4th quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock worth $557,349,000 after purchasing an additional 990,361 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in shares of Vertiv by 4.8% in the 4th quarter. Clearbridge Investments LLC now owns 3,647,326 shares of the company's stock worth $414,373,000 after purchasing an additional 167,061 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on VRT shares. KGI Securities began coverage on shares of Vertiv in a report on Thursday, April 24th. They set a "hold" rating on the stock. Cowen restated a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Evercore ISI restated an "outperform" rating and issued a $150.00 target price (up previously from $100.00) on shares of Vertiv in a report on Tuesday, May 27th. Barclays decreased their price objective on Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a report on Friday, April 4th. Finally, Morgan Stanley dropped their target price on Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $126.69.

Insider Activity

In related news, insider Karsten Winther sold 5,500 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the sale, the insider now owns 18,847 shares of the company's stock, valued at approximately $1,777,837.51. This represents a 22.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Stephen Liang sold 43,683 shares of the company'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 transaction of $5,059,801.89. Following the sale, the executive vice president now directly owns 9,551 shares in the company, valued at $1,106,292.33. This trade represents 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 Trading Up 3.0%

NYSE:VRT opened at $127.48 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.28 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $48.58 billion, a PE ratio of 74.12, a price-to-earnings-growth ratio of 1.24 and a beta of 1.73. The firm's 50 day moving average is $104.39 and its 200 day moving average is $103.43. Vertiv Holdings Co. has a 12 month low of $53.60 and a 12 month high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The business 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 business posted $0.43 EPS. The firm's quarterly revenue was up 24.2% compared to the same quarter last year. Sell-side analysts expect that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

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

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.

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