Vertiv Holdings Co. (NYSE:VRT) Position Trimmed by Federated Hermes Inc.

Federated Hermes Inc. cut its position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 40.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,123,036 shares of the company's stock after selling 751,220 shares during the quarter. Federated Hermes Inc. owned 0.29% of Vertiv worth $81,083,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. GW&K Investment Management LLC bought a new position in Vertiv during the first quarter worth $26,000. North Star Investment Management Corp. lifted its stake in 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 lifted its stake in Vertiv by 242.0% in the first quarter. Sachetta LLC now owns 448 shares of the company's stock valued at $32,000 after buying an additional 317 shares during the last quarter. Colonial Trust Co SC lifted its stake in Vertiv by 211.9% in 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 during the last quarter. Finally, Ameriflex Group Inc. bought a new stake in Vertiv in the fourth quarter valued at $37,000. 89.92% of the stock is currently owned by institutional investors.

Vertiv Price Performance

NYSE:VRT traded down $3.94 during mid-day trading on Friday, reaching $141.66. 10,316,663 shares of the stock were exchanged, compared to its average volume of 9,543,722. The business has a fifty day moving average price of $121.71 and a 200 day moving average price of $104.78. The firm has a market capitalization of $53.99 billion, a PE ratio of 67.78, a PEG ratio of 1.34 and a beta of 1.75. Vertiv Holdings Co. has a 1-year low of $53.60 and a 1-year 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.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.12. The firm had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $2.36 billion. Vertiv had a return on equity of 56.24% and a net margin of 8.93%. Vertiv's revenue was up 35.1% on a year-over-year basis. During the same quarter last year, the business posted $0.67 EPS. Research analysts expect 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. Investors of record on Tuesday, June 17th were paid a $0.0375 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a yield of 14.0%. This is an increase from Vertiv's previous dividend of $0.01. Vertiv's dividend payout ratio (DPR) is 7.18%.

Insider Transactions at Vertiv

In related news, insider Karsten Winther sold 5,500 shares of Vertiv 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 transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Stephen Liang sold 43,683 shares of Vertiv 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 transaction, the executive vice president directly 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. Company insiders own 2.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Mizuho raised their target price on Vertiv from $125.00 to $150.00 and gave the company an "outperform" rating in a research note on Wednesday, July 16th. Evercore ISI reaffirmed an "outperform" rating on shares of Vertiv in a research note on Thursday, July 10th. KGI Securities assumed coverage on Vertiv in a research report on Thursday, April 24th. They set a "hold" rating for the company. Roth Capital lifted their price objective on shares of Vertiv from $100.00 to $157.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Oppenheimer lifted their price objective on shares of Vertiv from $140.00 to $151.00 and gave the company an "outperform" rating in a research note on Thursday. 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 stock. Based on data from MarketBeat.com, Vertiv has a consensus rating of "Moderate Buy" and a consensus target price of $144.06.

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.