Element Pointe Advisors LLC Purchases 2,450 Shares of Vertiv Holdings Co. (NYSE:VRT)

Key Points

• Element Pointe Advisors LLC increased its stake in Vertiv Holdings Co. by 23.1%, acquiring an additional 2,450 shares during the first quarter, taking its total holdings to 13,043 shares valued at approximately $942,000.
• Multiple large investors, such as UBS AM and Federated Hermes Inc., have significantly raised their holdings in Vertiv, with some increases as high as 370.7% reported by Voloridge Investment Management LLC in the fourth quarter.
• Vertiv recently increased its dividend payment, with a new yield of 14.0%, up from a previous dividend of $0.01, indicating positive growth in the company's financial performance.

Element Pointe Advisors LLC lifted its position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 23.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,043 shares of the company's stock after purchasing an additional 2,450 shares during the period. Element Pointe Advisors LLC's holdings in Vertiv were worth $942,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Vertiv by 54.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,314,934 shares of the company's stock worth $263,000,000 after buying an additional 812,389 shares during the period. Federated Hermes Inc. lifted its stake in Vertiv by 61.7% in the fourth quarter. Federated Hermes Inc. now owns 1,874,256 shares of the company's stock worth $212,946,000 after acquiring an additional 715,212 shares during the period. Northern Trust Corp boosted its holdings in Vertiv by 21.9% in the fourth quarter. Northern Trust Corp now owns 2,713,234 shares of the company's stock valued at $308,251,000 after acquiring an additional 487,909 shares in the last quarter. Voloridge Investment Management LLC increased its position in Vertiv by 370.7% during the 4th quarter. Voloridge Investment Management LLC now owns 607,384 shares of the company's stock valued at $69,005,000 after purchasing an additional 478,350 shares during the period. Finally, Royal Bank of Canada raised its holdings in Vertiv by 52.5% in the 4th quarter. Royal Bank of Canada now owns 1,173,242 shares of the company's stock worth $133,293,000 after purchasing an additional 403,882 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Stephen Liang sold 43,683 shares of the company's stock in a transaction dated 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 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 document filed with the SEC, which can be accessed through this link. Also, insider Karsten Winther sold 5,500 shares of the firm's stock in a transaction that occurred 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 sale, the insider owned 18,847 shares of the company's stock, valued at $1,777,837.51. This represents a 22.59% decrease in their position. The disclosure for this sale can be found here. Insiders own 5.01% of the company's stock.

Analyst Upgrades and Downgrades

VRT has been the topic of a number of research reports. Roth Mkm began coverage on shares of Vertiv in a research note on Tuesday, April 8th. They set a "buy" rating and a $75.00 target price on the stock. Barclays set a $128.00 price objective on Vertiv and gave the company an "equal weight" rating in a research report on Thursday. JPMorgan Chase & Co. increased their target price on Vertiv from $127.00 to $150.00 and gave the stock an "overweight" rating in a research report on Thursday. Melius Research upgraded Vertiv from a "hold" rating to a "strong-buy" rating and lifted their price target for the company from $134.00 to $165.00 in a research report on Tuesday, July 8th. Finally, Bank of America upped their price target on Vertiv from $140.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Three analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $144.06.

Vertiv Price Performance

Shares of VRT stock opened at $141.66 on Monday. The company has a market cap of $53.99 billion, a P/E ratio of 67.78, a PEG ratio of 1.25 and a beta of 1.77. Vertiv Holdings Co. has a 1-year low of $53.60 and a 1-year high of $155.84. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.74 and a quick ratio of 1.35. The stock's 50-day moving average is $122.46 and its 200 day moving average is $104.48.

Vertiv (NYSE:VRT - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.12. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. Vertiv had a return on equity of 51.64% and a net margin of 8.93%. The company's revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 earnings per share. Research analysts predict 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. Investors of record on Tuesday, June 17th were issued a $0.0375 dividend. This represents a yield of 14.0%. 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 presently 7.18%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.