Dudley Capital Management LLC Buys New Position in Vertiv Holdings Co. (NYSE:VRT)

Key Points

• Dudley Capital Management LLC acquired 3,420 shares of Vertiv Holdings Co., representing a new position valued at approximately $247,000.
• Insider sales include Karsten Winther selling 5,500 shares and Stephen Liang selling 43,683 shares, indicating significant reductions in their ownership.
• The recent dividend payment has increased from $0.01 to $0.0375, reflecting a positive change in Vertiv's financial strategy.

Dudley Capital Management LLC purchased a new position in Vertiv Holdings Co. (NYSE:VRT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,420 shares of the company's stock, valued at approximately $247,000.

A number of other hedge funds have also modified their holdings of the stock. Ausdal Financial Partners Inc. boosted its holdings in shares of Vertiv by 18.2% during the fourth quarter. Ausdal Financial Partners Inc. now owns 3,053 shares of the company's stock worth $347,000 after purchasing an additional 469 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Vertiv by 1.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 305,444 shares of the company's stock valued at $38,385,000 after buying an additional 3,975 shares in the last quarter. Elo Mutual Pension Insurance Co lifted its holdings in Vertiv by 9.6% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 34,547 shares of the company's stock worth $3,925,000 after purchasing an additional 3,036 shares during the last quarter. NEOS Investment Management LLC acquired a new stake in shares of Vertiv in the fourth quarter worth $539,000. Finally, Blair William & Co. IL boosted its holdings in Vertiv by 979.8% during the fourth quarter. Blair William & Co. IL now owns 74,158 shares of the company's stock valued at $8,425,000 after acquiring an additional 67,290 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.33, for a total value of $518,815.00. Following the completion of the transaction, the insider directly owned 18,847 shares of the company's stock, valued at approximately $1,777,837.51. The trade was a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $115.83, for a total value of $5,059,801.89. Following the completion of the sale, the executive vice president owned 9,551 shares of the company's stock, 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. Company insiders own 2.63% of the company's stock.

Vertiv Trading Up 5.1%

NYSE:VRT opened at $137.52 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.28 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 firm has a market capitalization of $52.41 billion, a price-to-earnings ratio of 79.96, a PEG ratio of 1.37 and a beta of 1.75. The business's 50-day moving average price is $118.59 and its two-hundred day moving average price is $104.16.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share 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%. Vertiv's revenue for the quarter was up 24.2% on a year-over-year basis. During the same period last year, the company posted $0.43 EPS. On average, 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 announced a dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were issued a $0.0375 dividend. The ex-dividend date was Monday, June 16th. This is a positive change from Vertiv's previous dividend of $0.01. This represents a yield of 0.14%. Vertiv's dividend payout ratio (DPR) is 8.72%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on VRT. Wolfe Research restated an "outperform" rating and set a $155.00 price objective on shares of Vertiv in a report on Thursday, July 10th. UBS Group reissued a "buy" rating on shares of Vertiv in a report on Friday, July 11th. The Goldman Sachs Group reissued a "buy" rating on shares of Vertiv in a report on Friday, July 11th. Melius Research upgraded Vertiv from a "hold" rating to a "strong-buy" rating and increased their price target for the stock from $134.00 to $165.00 in a research report on Tuesday, July 8th. Finally, Morgan Stanley cut their price objective on Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Vertiv currently has a consensus rating of "Buy" and an average target price of $136.76.

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.

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