Vertiv Holdings Co. (NYSE:VRT) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its position in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 18.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 225,659 shares of the company's stock after buying an additional 34,736 shares during the quarter. Commonwealth Equity Services LLC owned about 0.06% of Vertiv worth $16,293,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Colonial Trust Co SC grew its position in Vertiv by 211.9% during the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after buying an additional 214 shares during the period. Ameriflex Group Inc. acquired a new stake in shares of Vertiv during the 4th quarter valued at approximately $37,000. GW&K Investment Management LLC purchased a new stake in shares of Vertiv during the 1st quarter worth approximately $26,000. BNP Paribas acquired a new stake in shares of Vertiv in the 4th quarter worth approximately $45,000. Finally, North Star Investment Management Corp. increased its stake in Vertiv by 4,120.0% in the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock valued at $30,000 after purchasing an additional 412 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Insider Activity at Vertiv

In other news, EVP Stephen Liang sold 43,683 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $115.83, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.63% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on VRT. Wall Street Zen upgraded Vertiv from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 21st. Royal Bank Of Canada increased their price objective on shares of Vertiv from $143.00 to $162.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Melius Research upgraded shares of Vertiv from a "hold" rating to a "strong-buy" rating and lifted their target price for the stock from $134.00 to $165.00 in a research report on Tuesday, July 8th. JPMorgan Chase & Co. raised their price objective on shares of Vertiv from $127.00 to $150.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, William Blair assumed coverage on Vertiv in a research report on Monday, July 28th. They set an "outperform" rating for the company. Three investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Vertiv presently has an average rating of "Moderate Buy" and an average price target of $144.06.

Vertiv Trading Up 0.4%

Shares of NYSE VRT traded up $0.51 on Friday, reaching $139.90. 3,728,787 shares of the company traded hands, compared to its average volume of 7,917,655. The company has a 50 day moving average of $125.64 and a 200 day moving average of $105.00. 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 fifty-two week low of $53.60 and a fifty-two week high of $155.84. The stock has a market capitalization of $53.32 billion, a PE ratio of 66.94, a P/E/G ratio of 1.23 and a beta of 1.77.

Vertiv (NYSE:VRT - Get Free Report) last posted 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 the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.67 earnings per share. On average, equities research analysts forecast that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

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