Fishman Jay A Ltd. MI Acquires New Shares in Vertiv Holdings Co. (NYSE:VRT)

Fishman Jay A Ltd. MI acquired a new stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 111,060 shares of the company's stock, valued at approximately $8,019,000. Vertiv comprises about 0.9% of Fishman Jay A Ltd. MI's portfolio, making the stock its 22nd largest position.

A number of other large investors have also recently added to or reduced their stakes in VRT. North Star Investment Management Corp. lifted its stake in Vertiv by 4,120.0% during the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock worth $30,000 after purchasing an additional 412 shares in the last quarter. Tradewinds Capital Management LLC grew its holdings in shares of Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after purchasing an additional 111 shares during the last quarter. Colonial Trust Co SC grew its holdings in shares of Vertiv by 211.9% during the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after purchasing an additional 214 shares during the last quarter. Ameriflex Group Inc. purchased a new position in shares of Vertiv during the fourth quarter worth about $37,000. Finally, TD Private Client Wealth LLC grew its holdings in shares of Vertiv by 150.7% during the fourth quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock worth $42,000 after buying an additional 223 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the transaction, the insider now owns 18,847 shares in the company, valued at $1,777,837.51. The trade was a 22.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the business's 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 completion of the transaction, the executive vice president now owns 9,551 shares in the company, valued at $1,106,292.33. This 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.

Vertiv Stock Down 0.3%

Shares of NYSE VRT opened at $118.69 on Friday. Vertiv Holdings Co. has a 52-week low of $53.60 and a 52-week high of $155.84. The firm has a fifty day moving average of $99.40 and a 200-day moving average of $103.67. The stock has a market capitalization of $45.23 billion, a PE ratio of 69.01, a P/E/G ratio of 1.20 and a beta of 1.73. 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 announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. The company had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. The business's quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 EPS. On average, analysts anticipate that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, June 17th will be issued a dividend of $0.0375 per share. This is a positive change from Vertiv's previous dividend of $0.01. The ex-dividend date of this dividend is Monday, June 16th. This represents a dividend yield of 0.14%. Vertiv's payout ratio is presently 8.72%.

Wall Street Analyst Weigh In

VRT has been the subject of a number of recent analyst reports. KGI Securities initiated coverage on shares of Vertiv in a research report on Thursday, April 24th. They issued a "hold" rating for the company. Cowen restated a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. Roth Mkm began coverage on shares of Vertiv in a research report on Tuesday, April 8th. They set a "buy" rating and a $75.00 price target for the company. Evercore ISI reiterated an "outperform" rating and set a $150.00 price target (up from $100.00) on shares of Vertiv in a research report on Tuesday, May 27th. Finally, Royal Bank Of Canada assumed coverage on shares of Vertiv in a research report on Friday, March 7th. They set an "outperform" rating and a $121.00 price target for the company. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $126.69.

Vertiv 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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