Vertiv Holdings Co. (NYSE:VRT) Shares Sold by Davidson Capital Management Inc.

Davidson Capital Management Inc. cut its stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 17.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,234 shares of the company's stock after selling 5,370 shares during the period. Davidson Capital Management Inc.'s holdings in Vertiv were worth $1,894,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA bought a new position in Vertiv during the 4th quarter worth about $597,379,000. Norges Bank bought a new position in shares of Vertiv in the 4th quarter worth $391,777,000. Arrowstreet Capital Limited Partnership boosted its position in Vertiv by 136.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company's stock valued at $379,101,000 after purchasing an additional 1,928,275 shares in the last quarter. Vanguard Group Inc. grew its stake in Vertiv by 3.5% in the fourth 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 during the last quarter. Finally, Wellington Management Group LLP grew its stake in Vertiv by 25.3% in the fourth 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 during the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Insider Buying and Selling

In other news, EVP Stephen Liang sold 43,683 shares of the business'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 transaction, the executive vice president now directly owns 9,551 shares in the company, valued at $1,106,292.33. The trade was a 82.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Karsten Winther sold 5,500 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the completion of the sale, the insider now directly 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 disclosure for this sale can be found here. 2.63% of the stock is owned by company insiders.

Vertiv Stock Performance

VRT stock traded up $2.58 during trading on Thursday, hitting $119.19. 6,288,672 shares of the company traded hands, compared to its average volume of 8,675,972. Vertiv Holdings Co. has a 1 year low of $53.60 and a 1 year high of $155.84. The company has a market cap of $45.42 billion, a PE ratio of 69.30, a P/E/G ratio of 1.21 and a beta of 1.73. The stock's 50-day simple moving average is $97.38 and its 200 day simple moving average is $103.79. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.72 and a quick ratio of 1.28.

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

Vertiv Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, June 26th. Shareholders 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 a boost from Vertiv's previous dividend of $0.01. Vertiv's dividend payout ratio is presently 8.72%.

Analyst Ratings Changes

VRT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a report on Friday, May 16th. KGI Securities began coverage on shares of Vertiv in a research note on Thursday, April 24th. They issued a "hold" rating for the company. Barclays reduced their price target on Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Friday, April 4th. Cowen restated a "buy" rating on shares of Vertiv in a research note on Thursday, April 24th. Finally, Citigroup increased their price target on Vertiv from $98.00 to $130.00 and gave the company a "buy" rating in a research note on Monday. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $126.69.

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.