Edgemoor Investment Advisors Inc. Purchases 5,371 Shares of Vertiv Holdings Co. (NYSE:VRT)

Edgemoor Investment Advisors Inc. lifted its holdings in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 15.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,212 shares of the company's stock after purchasing an additional 5,371 shares during the quarter. Edgemoor Investment Advisors Inc.'s holdings in Vertiv were worth $2,831,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Sargent Investment Group LLC increased its stake in shares of Vertiv by 35.0% during the first quarter. Sargent Investment Group LLC now owns 14,244 shares of the company's stock worth $1,028,000 after buying an additional 3,691 shares during the period. Optimist Retirement Group LLC increased its stake in shares of Vertiv by 26.2% during the first quarter. Optimist Retirement Group LLC now owns 2,893 shares of the company's stock worth $209,000 after buying an additional 600 shares during the period. J.W. Cole Advisors Inc. increased its stake in shares of Vertiv by 85.9% during the first quarter. J.W. Cole Advisors Inc. now owns 11,332 shares of the company's stock worth $818,000 after buying an additional 5,236 shares during the period. Morse Asset Management Inc increased its stake in shares of Vertiv by 21.0% during the first quarter. Morse Asset Management Inc now owns 28,287 shares of the company's stock worth $2,042,000 after buying an additional 4,914 shares during the period. Finally, Mosaic Advisors LLC purchased a new stake in shares of Vertiv during the first quarter worth approximately $641,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Stock Performance

Shares of NYSE VRT traded up $0.13 during trading on Thursday, reaching $130.32. The stock had a trading volume of 2,185,360 shares, compared to its average volume of 9,405,412. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.28 and a current ratio of 1.72. Vertiv Holdings Co. has a one year low of $53.60 and a one year high of $155.84. The firm's 50 day moving average price is $117.46 and its two-hundred day moving average price is $104.31. The stock has a market cap of $49.67 billion, a PE ratio of 75.79, a P/E/G ratio of 1.24 and a beta of 1.75.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The firm's quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 EPS. On average, research analysts forecast that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal 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 issued a $0.0375 dividend. This is a positive change from Vertiv's previous dividend of $0.01. The ex-dividend date was Monday, June 16th. This represents a dividend yield of 0.14%. Vertiv's dividend payout ratio is 8.72%.

Insider Buying and Selling at Vertiv

In related news, insider Karsten Winther sold 5,500 shares of the company's stock in a transaction on 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 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the company's 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 transaction, the executive vice president directly owned 9,551 shares in the company, valued at $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.63% of the company's stock.

Analyst Upgrades and Downgrades

VRT has been the topic of a number of research reports. Morgan Stanley lowered their target price on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Oppenheimer raised their target price on shares of Vertiv from $132.00 to $140.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. Roth Mkm initiated coverage on shares of Vertiv in a research report on Tuesday, April 8th. They set a "buy" rating and a $75.00 target price on the stock. KGI Securities initiated coverage on shares of Vertiv in a research report on Thursday, April 24th. They set a "hold" rating on the stock. Finally, Wolfe Research reaffirmed an "outperform" rating and set a $155.00 price target on shares of Vertiv in a report on Thursday, July 10th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $136.76.

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.