Fiduciary Family Office LLC Invests $491,000 in Vertiv Holdings Co. (NYSE:VRT)

Key Points

• Fiduciary Family Office LLC invested $491,000 in Vertiv Holdings Co., acquiring 6,794 shares in the 1st quarter.
• Vertiv recently reported a quarterly earnings per share of $0.95, exceeding analysts' expectations, with revenue up 35.1% year-over-year.
• The company has declared a dividend of $0.0375 per share, marking a significant increase from the previous dividend of $0.01.

Fiduciary Family Office LLC acquired a new position in Vertiv Holdings Co. (NYSE:VRT - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,794 shares of the company's stock, valued at approximately $491,000.

Several other large investors have also recently bought and sold shares of VRT. GW&K Investment Management LLC acquired a new stake in Vertiv in the 1st quarter valued at about $26,000. North Star Investment Management Corp. lifted its holdings in Vertiv by 4,120.0% in the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock valued at $30,000 after purchasing an additional 412 shares in the last quarter. Sachetta LLC lifted its holdings in shares of Vertiv by 242.0% during the 1st quarter. Sachetta LLC now owns 448 shares of the company's stock worth $32,000 after acquiring an additional 317 shares during the period. Colonial Trust Co SC lifted its holdings in shares of Vertiv by 211.9% during the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after acquiring an additional 214 shares during the period. Finally, Ameriflex Group Inc. purchased a new position in shares of Vertiv during the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 89.92% of the company's stock.

Insider Activity

In related news, EVP Stephen Liang sold 43,683 shares of the business's stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 9,551 shares in the company, valued at approximately $1,106,292.33. The trade was a 82.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.63% of the stock is currently owned by corporate insiders.

Vertiv Trading Up 0.4%

Shares of VRT opened at $139.90 on Friday. The business's 50-day moving average price is $125.64 and its 200 day moving average price is $104.69. The stock has a market capitalization of $53.32 billion, a P/E ratio of 66.94, a P/E/G ratio of 1.23 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 current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 0.93.

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. Vertiv had a return on equity of 51.64% and a net margin of 8.93%. The firm had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $2.36 billion. During the same quarter last year, the business posted $0.67 EPS. Vertiv's revenue was up 35.1% on a year-over-year basis. Analysts expect that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

The company 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. The ex-dividend date was Monday, June 16th. This represents a dividend yield of 14.0%. This is a positive change from Vertiv's previous dividend of $0.01. Vertiv's dividend payout ratio is presently 7.18%.

Analyst Upgrades and Downgrades

VRT has been the topic of several research reports. Cowen restated a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Barclays set a $128.00 price target on shares of Vertiv and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. William Blair initiated coverage on Vertiv in a research note on Monday, July 28th. They set an "outperform" rating on the stock. Morgan Stanley reduced their price objective on Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. raised their target price on Vertiv from $127.00 to $150.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Three equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $144.06.

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.