Diversified Trust Co Decreases Stock Position in Vertiv Holdings Co. (NYSE:VRT)

Diversified Trust Co lowered its stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 84.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 5,203 shares of the company's stock after selling 27,485 shares during the quarter. Diversified Trust Co's holdings in Vertiv were worth $376,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Graphene Investments SAS lifted its position in shares of Vertiv by 34.9% in the first quarter. Graphene Investments SAS now owns 29,400 shares of the company's stock valued at $2,123,000 after acquiring an additional 7,600 shares in the last quarter. Perpetual Ltd raised its stake in Vertiv by 1,955.2% in the 1st quarter. Perpetual Ltd now owns 212,306 shares of the company's stock valued at $15,328,000 after purchasing an additional 201,976 shares during the last quarter. PDS Planning Inc purchased a new position in Vertiv in the 1st quarter valued at $239,000. Western Wealth Management LLC acquired a new stake in Vertiv during the 1st quarter worth $373,000. Finally, Wealth Effects LLC grew its holdings in shares of Vertiv by 15.6% during the first quarter. Wealth Effects LLC now owns 8,150 shares of the company's stock worth $588,000 after buying an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on VRT shares. Cowen restated a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. Citigroup raised their target price on shares of Vertiv from $98.00 to $130.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. JPMorgan Chase & Co. upped their price target on Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Wall Street Zen raised Vertiv from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 21st. Finally, Evercore ISI reissued an "outperform" rating and set a $150.00 price objective (up previously from $100.00) on shares of Vertiv in a research note on Tuesday, May 27th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $126.69.

Insider Buying and Selling at Vertiv

In related news, insider Karsten Winther sold 5,500 shares of the stock in a transaction dated 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 owned 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen Liang sold 43,683 shares of the business's stock in a transaction dated 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 owned 9,551 shares in the company, valued at $1,106,292.33. This trade represents a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.01% of the stock is currently owned by insiders.

Vertiv Trading Down 4.6%

VRT traded down $5.87 on Tuesday, hitting $122.54. The company had a trading volume of 8,720,512 shares, compared to its average volume of 9,729,300. The company's fifty day moving average price is $105.61 and its 200 day moving average price is $103.14. Vertiv Holdings Co. has a 1 year low of $53.60 and a 1 year high of $155.84. 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 firm has a market cap of $46.70 billion, a P/E ratio of 71.24, a PEG ratio of 1.28 and a beta of 1.73.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. The business's revenue was up 24.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 EPS. As a group, equities analysts expect that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

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

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.