Vertiv Holdings Co. (NYSE:VRT) Shares Acquired by Edgemoor Investment Advisors Inc.

Edgemoor Investment Advisors Inc. increased its position in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 15.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,212 shares of the company's stock after acquiring an additional 5,371 shares during the period. Edgemoor Investment Advisors Inc.'s holdings in Vertiv were worth $2,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in VRT. North Star Investment Management Corp. raised its holdings in shares of Vertiv by 4,120.0% in the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock valued at $30,000 after buying an additional 412 shares during the last quarter. Sachetta LLC raised its position in shares of Vertiv by 242.0% in the 1st quarter. Sachetta LLC now owns 448 shares of the company's stock worth $32,000 after buying an additional 317 shares during the period. Colonial Trust Co SC lifted its position in Vertiv by 211.9% during the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company's stock valued at $36,000 after buying an additional 214 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in shares of Vertiv during the 4th quarter valued at about $37,000. Finally, TD Private Client Wealth LLC lifted its holdings in Vertiv by 37.5% in the 1st quarter. TD Private Client Wealth LLC now owns 510 shares of the company's stock worth $37,000 after buying an additional 139 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Price Performance

Shares of Vertiv stock traded down $0.71 on Tuesday, reaching $125.50. The stock had a trading volume of 5,951,410 shares, compared to its average volume of 8,534,949. Vertiv Holdings Co. has a 1 year low of $53.60 and a 1 year high of $155.84. The business's 50 day moving average is $116.14 and its two-hundred day moving average is $103.98. 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 company has a market cap of $47.83 billion, a P/E ratio of 72.97, a price-to-earnings-growth ratio of 1.28 and a beta of 1.75.

Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The company had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the prior year, the business posted $0.43 EPS. Vertiv's quarterly revenue was up 24.2% compared to the same quarter last year. As a group, research analysts anticipate that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

The business 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 represents a dividend yield of 0.14%. This is an increase from Vertiv's previous dividend of $0.01. Vertiv's dividend payout ratio (DPR) is 8.72%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on VRT shares. Bank of America upped their price target on Vertiv from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Melius Research upgraded Vertiv from a "hold" rating to a "strong-buy" rating and boosted their price objective for the company from $134.00 to $165.00 in a research report on Tuesday, July 8th. UBS Group reaffirmed a "buy" rating on shares of Vertiv in a research note on Friday, July 11th. The Goldman Sachs Group reiterated a "buy" rating on shares of Vertiv in a research report on Friday, July 11th. Finally, Roth Mkm started coverage on Vertiv in a research note on Tuesday, April 8th. They set a "buy" rating and a $75.00 target price for the company. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Vertiv has an average rating of "Buy" and an average target price of $136.76.

Insider Activity

In other news, EVP Stephen Liang sold 43,683 shares of the 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 sale, the executive vice president owned 9,551 shares of the company's stock, valued at approximately $1,106,292.33. This represents a 82.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 in the company, valued at approximately $1,777,837.51. The trade was a 22.59% decrease in their ownership of the stock. 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.