Emerald Advisers LLC Grows Stock Position in Vertiv Holdings Co. (NYSE:VRT)

Emerald Advisers LLC increased its stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 48.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,974 shares of the company's stock after purchasing an additional 2,587 shares during the quarter. Emerald Advisers LLC's holdings in Vertiv were worth $576,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Schroder Investment Management Group boosted its holdings in shares of Vertiv by 95.3% in the fourth quarter. Schroder Investment Management Group now owns 1,167,536 shares of the company's stock valued at $135,621,000 after acquiring an additional 569,722 shares in the last quarter. Bedell Frazier Investment Counselling LLC purchased a new stake in Vertiv in the 4th quarter valued at approximately $415,000. Ibex Wealth Advisors boosted its holdings in Vertiv by 10.5% in the 1st quarter. Ibex Wealth Advisors now owns 73,739 shares of the company's stock valued at $5,324,000 after purchasing an additional 6,989 shares in the last quarter. Gallo Partners LP acquired a new position in Vertiv during the 4th quarter worth approximately $1,826,000. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of Vertiv during the 4th quarter worth approximately $597,379,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Stock Up 2.2%

Shares of NYSE:VRT opened at $123.41 on Monday. The stock's fifty day simple moving average is $112.86 and its 200-day simple moving average is $103.55. Vertiv Holdings Co. has a 52-week low of $53.60 and a 52-week high of $155.84. The company has a market capitalization of $47.03 billion, a P/E ratio of 71.75, a P/E/G ratio of 1.23 and a beta of 1.75. The company has a quick ratio of 1.28, a current ratio of 1.72 and a debt-to-equity ratio of 1.09.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly 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 the consensus estimate of $1.94 billion. During the same period in the previous year, the firm posted $0.43 EPS. Vertiv's revenue was up 24.2% on a year-over-year basis. As a group, equities research analysts forecast that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal 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 paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a yield of 0.14%. This is an increase from Vertiv's previous dividend of $0.01. Vertiv's dividend payout ratio (DPR) is currently 8.72%.

Insider Buying and Selling at Vertiv

In related news, EVP Stephen Liang sold 43,683 shares of Vertiv stock in a transaction on 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 transaction, the executive vice president owned 9,551 shares in the company, valued at approximately $1,106,292.33. This trade represents a 82.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Karsten Winther sold 5,500 shares of the company's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.33, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. 5.01% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Morgan Stanley decreased their price target on Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Roth Mkm started 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. Wolfe Research reaffirmed an "outperform" rating and set a $155.00 price target on shares of Vertiv in a research note on Thursday. Melius upgraded shares of Vertiv from a "hold" rating to a "buy" rating and set a $165.00 price target for the company in a report on Tuesday, July 8th. Finally, KGI Securities started coverage on shares of Vertiv in a report on Thursday, April 24th. They set a "hold" rating on the stock. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $134.24.

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.

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