Cullinan Associates Inc. Makes New $507,000 Investment in Vertiv Holdings Co. (NYSE:VRT)

Cullinan Associates Inc. acquired a new stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,022 shares of the company's stock, valued at approximately $507,000.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Vertiv by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock valued at $4,130,415,000 after purchasing an additional 1,244,780 shares in the last quarter. Geode Capital Management LLC increased its stake in Vertiv by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock valued at $688,260,000 after purchasing an additional 99,181 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in Vertiv in the 4th quarter valued at approximately $597,379,000. Wellington Management Group LLP increased its stake in Vertiv by 25.3% in the 4th quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock valued at $557,349,000 after purchasing an additional 990,361 shares in the last quarter. Finally, Clearbridge Investments LLC increased its stake in Vertiv by 4.8% in the 4th quarter. Clearbridge Investments LLC now owns 3,647,326 shares of the company's stock valued at $414,373,000 after purchasing an additional 167,061 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Vertiv

In related news, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction on Friday, May 9th. The stock was sold at an average price of $94.33, for a total value of $518,815.00. Following the transaction, the insider now owns 18,847 shares in the company, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen Liang sold 43,683 shares of Vertiv 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 now owns 9,551 shares in the company, valued at $1,106,292.33. The trade was a 82.06% decrease in their position. The disclosure for this sale can be found here. 5.01% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. The Goldman Sachs Group raised their price objective on Vertiv from $106.00 to $122.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. KGI Securities initiated coverage on Vertiv in a research report on Thursday, April 24th. They set a "hold" rating for the company. JPMorgan Chase & Co. raised 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. Roth Capital raised Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Finally, Citigroup raised their price target on Vertiv from $98.00 to $130.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Vertiv has a consensus rating of "Moderate Buy" and an average price target of $126.69.

Vertiv Trading Down 0.3%

Shares of NYSE:VRT traded down $0.39 during midday trading on Friday, reaching $118.69. The company's stock had a trading volume of 6,599,208 shares, compared to its average volume of 8,645,755. The firm has a market cap of $45.23 billion, a price-to-earnings ratio of 69.01, a price-to-earnings-growth ratio of 1.19 and a beta of 1.73. The company has a quick ratio of 1.28, a current ratio of 1.72 and a debt-to-equity ratio of 1.09. Vertiv Holdings Co. has a 1 year low of $53.60 and a 1 year high of $155.84. The business has a 50 day moving average price of $99.40 and a 200 day moving average price of $103.27.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The business's revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 earnings per share. Research analysts forecast that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, June 17th will be issued a $0.0375 dividend. The ex-dividend date is Monday, June 16th. This represents a yield of 0.14%. This is a boost from Vertiv's previous dividend of $0.01. Vertiv's dividend payout ratio (DPR) is presently 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.