Vertiv Holdings Co. (NYSE:VRT) Position Increased by Edgemoor Investment Advisors Inc.

Edgemoor Investment Advisors Inc. raised its holdings in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 15.9% during the first quarter, according to the company in its most recent 13F filing 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 SEC filing.

A number of other large investors have also recently modified their holdings of the business. Colonial Trust Co SC boosted its holdings in shares of Vertiv by 211.9% during the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company's stock valued at $36,000 after acquiring an additional 214 shares in the last quarter. Ameriflex Group Inc. bought a new position in Vertiv during the 4th quarter worth $37,000. TD Private Client Wealth LLC raised its position in Vertiv by 150.7% during the 4th quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock worth $42,000 after purchasing an additional 223 shares during the last quarter. BNP Paribas bought a new position in Vertiv during the 4th quarter worth $45,000. Finally, North Star Investment Management Corp. raised its position in 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. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Trading Up 3.8%

Vertiv stock traded up $4.77 during trading on Wednesday, reaching $130.06. The company had a trading volume of 5,881,583 shares, compared to its average volume of 8,529,260. Vertiv Holdings Co. has a 12-month low of $53.60 and a 12-month high of $155.84. The stock's 50 day moving average price is $116.14 and its two-hundred day moving average price is $103.98. The firm has a market capitalization of $49.57 billion, a price-to-earnings ratio of 75.62, a PEG ratio of 1.25 and a beta of 1.75. 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 (NYSE:VRT - Get Free Report) last released its 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. 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 the consensus estimate of $1.94 billion. During the same period in the previous year, the firm earned $0.43 earnings per share. Vertiv's revenue was up 24.2% compared to the same quarter last year. As a group, equities analysts expect that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Vertiv in a research report on Friday, July 11th. Melius upgraded Vertiv from a "hold" rating to a "buy" rating and set a $165.00 target price on the stock in a research report on Tuesday, July 8th. Oppenheimer boosted their target price on Vertiv from $132.00 to $140.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. Cowen reaffirmed a "buy" rating on shares of Vertiv in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Vertiv presently has an average rating of "Buy" and a consensus target price of $136.76.

Insider Activity at Vertiv

In related news, EVP Stephen Liang sold 43,683 shares of Vertiv 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 completion of the sale, the executive vice president 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Karsten Winther sold 5,500 shares of Vertiv 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 completion of the sale, the insider owned 18,847 shares of the company's stock, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their position. The disclosure for this sale can be found here. 5.01% of the stock is owned by insiders.

Vertiv Company 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.