Congress Park Capital LLC Makes New Investment in Vertiv Holdings Co. (NYSE:VRT)

Congress Park Capital LLC acquired a new stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,025 shares of the company's stock, valued at approximately $435,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Tradewinds Capital Management LLC raised its holdings in shares of Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock valued at $33,000 after buying an additional 111 shares during the last quarter. Colonial Trust Co SC grew its stake in shares of Vertiv by 211.9% in the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after purchasing an additional 214 shares in the last quarter. Ameriflex Group Inc. acquired a new position in shares of Vertiv during the fourth quarter valued at $37,000. TD Private Client Wealth LLC raised its stake in shares of Vertiv by 150.7% during the fourth quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock valued at $42,000 after purchasing an additional 223 shares in the last quarter. Finally, BNP Paribas acquired a new stake in Vertiv in the fourth quarter worth about $45,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Citigroup upped their target price on Vertiv from $98.00 to $130.00 and gave the stock a "buy" rating in a research report on Monday. Roth Mkm initiated coverage on Vertiv in a research note on Tuesday, April 8th. They set a "buy" rating and a $75.00 target price for the company. Roth Capital upgraded shares of Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Cowen reissued a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Finally, Barclays dropped their target price on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Vertiv presently has a consensus rating of "Moderate Buy" and a consensus price target of $126.69.

Vertiv Stock Performance

Shares of Vertiv stock opened at $119.19 on Friday. The stock has a market cap of $45.42 billion, a PE ratio of 69.30, a price-to-earnings-growth ratio of 1.20 and a beta of 1.73. Vertiv Holdings Co. has a 12 month low of $53.60 and a 12 month high of $155.84. The company has a quick ratio of 1.28, a current ratio of 1.72 and a debt-to-equity ratio of 1.09. The business has a fifty day simple moving average of $98.41 and a 200-day simple moving average of $103.74.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The business had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The firm's quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 EPS. On average, sell-side analysts anticipate that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, June 16th. This represents a dividend yield of 0.14%. This is an increase from Vertiv's previous dividend of $0.01. Vertiv's dividend payout ratio (DPR) is currently 8.72%.

Insider Activity at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the 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 owns 18,847 shares in the company, valued at $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the firm's stock in a transaction on Friday, June 6th. The shares were 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 now owns 9,551 shares in the company, valued at $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.63% of the stock is owned by company insiders.

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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