Eagle Bluffs Wealth Management LLC Takes Position in Vertiv Holdings Co. (NYSE:VRT)

Key Points

• Eagle Bluffs Wealth Management LLC acquired 42,679 shares of Vertiv Holdings Co. (NYSE: VRT) for approximately $3.08 million, making it the 18th largest position in their portfolio.
• Several institutional investors, including Massachusetts Financial Services Co. and Norges Bank, have made substantial investments in Vertiv, reflecting strong interest from the hedge fund sector.
• Wall Street analysts have issued a consensus rating of "Buy" for Vertiv with an average target price of $136.76, indicating optimism about the company's growth potential.

Eagle Bluffs Wealth Management LLC bought a new stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 42,679 shares of the company's stock, valued at approximately $3,081,000. Vertiv accounts for about 1.6% of Eagle Bluffs Wealth Management LLC's portfolio, making the stock its 18th biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GW&K Investment Management LLC acquired a new stake in Vertiv in the 1st quarter valued at approximately $26,000. North Star Investment Management Corp. increased its position in shares of Vertiv by 4,120.0% during the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock worth $30,000 after purchasing an additional 412 shares during the last quarter. Sachetta LLC increased its position in shares of Vertiv by 242.0% during the 1st quarter. Sachetta LLC now owns 448 shares of the company's stock worth $32,000 after purchasing an additional 317 shares during the last quarter. Colonial Trust Co SC increased its position in shares of Vertiv by 211.9% during the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after purchasing an additional 214 shares during the last quarter. Finally, Ameriflex Group Inc. acquired a new position in shares of Vertiv during the 4th quarter worth approximately $37,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, 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 value of $5,059,801.89. Following the sale, the executive vice president directly owned 9,551 shares in the company, valued at approximately $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Karsten Winther sold 5,500 shares of the company's 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 transaction, the insider directly owned 18,847 shares in the company, 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. Insiders own 2.63% of the company's stock.

Vertiv Stock Performance

Shares of VRT traded up $1.65 during trading hours on Thursday, hitting $145.82. The stock had a trading volume of 7,323,066 shares, compared to its average volume of 9,511,597. 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 Holdings Co. has a 12 month low of $53.60 and a 12 month high of $155.84. The firm has a market capitalization of $55.57 billion, a PE ratio of 85.32, a PEG ratio of 1.41 and a beta of 1.75. The stock has a fifty day moving average price of $120.88 and a 200 day moving average price of $104.63.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.83 by $0.12. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the company posted $0.67 earnings per share. Vertiv's revenue was up 35.1% compared to the same quarter last year. Analysts anticipate that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were issued a dividend of $0.0375 per share. This represents a yield of 0.14%. The ex-dividend date was Monday, June 16th. This is a positive change from Vertiv's previous dividend of $0.01. Vertiv's payout ratio is currently 8.72%.

Wall Street Analyst Weigh In

VRT has been the topic of a number of recent analyst reports. KGI Securities initiated coverage on Vertiv in a report on Thursday, April 24th. They set a "hold" rating on the stock. Barclays set a $128.00 price target on Vertiv in a report on Thursday. Cowen restated a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Mizuho raised their target price on Vertiv from $125.00 to $150.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. Finally, Oppenheimer increased their price target on Vertiv from $140.00 to $151.00 and gave the company an "outperform" rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Vertiv presently has a consensus rating of "Moderate Buy" and a consensus price target of $141.78.

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.