FDx Advisors Inc. Purchases 2,712 Shares of Vertiv Holdings Co. (NYSE:VRT)

FDx Advisors Inc. raised its stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 75.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,319 shares of the company's stock after acquiring an additional 2,712 shares during the quarter. FDx Advisors Inc.'s holdings in Vertiv were worth $456,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of VRT. Massachusetts Financial Services Co. MA bought a new position in Vertiv in the 4th quarter valued at about $597,379,000. Norges Bank bought a new position in shares of Vertiv during the fourth quarter worth approximately $391,777,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Vertiv by 136.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company's stock valued at $379,101,000 after buying an additional 1,928,275 shares during the period. Vanguard Group Inc. grew its position in Vertiv by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock worth $4,130,415,000 after buying an additional 1,244,780 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in Vertiv by 25.3% in the 4th quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock valued at $557,349,000 after acquiring an additional 990,361 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction on Friday, May 9th. The shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction 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 position. The disclosure for this sale can be found here. 2.63% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Melius Research raised Vertiv from a "hold" rating to a "strong-buy" rating and increased their target price for the stock from $134.00 to $165.00 in a report on Tuesday, July 8th. Wolfe Research reissued an "outperform" rating and set a $155.00 target price on shares of Vertiv in a report on Thursday. JPMorgan Chase & Co. increased their target price on Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Morgan Stanley reduced their target price on Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Finally, KGI Securities began coverage on Vertiv in a report on Thursday, April 24th. They set a "hold" rating on the stock. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Vertiv currently has a consensus rating of "Buy" and a consensus price target of $134.24.

Vertiv Price Performance

Vertiv stock traded up $2.69 during mid-day trading on Friday, reaching $123.41. The company had a trading volume of 7,216,508 shares, compared to its average volume of 8,618,671. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $155.84. 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 $47.03 billion, a P/E ratio of 71.75, a P/E/G ratio of 1.23 and a beta of 1.75. The business has a fifty day simple moving average of $112.86 and a 200 day simple moving average of $103.65.

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 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 for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the business posted $0.43 earnings per share. The company's quarterly revenue was up 24.2% on a year-over-year basis. On average, equities research analysts predict that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were issued a dividend of $0.0375 per share. This represents a dividend yield of 0.14%. 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 8.72%.

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.