Florida Financial Advisors LLC Acquires Shares of 5,256 Vertiv Holdings Co. (NYSE:VRT)

Florida Financial Advisors LLC bought a new stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,256 shares of the company's stock, valued at approximately $380,000.

A number of other hedge funds have also recently added to or reduced their stakes in VRT. Schroder Investment Management Group grew its holdings in Vertiv by 95.3% during the fourth quarter. Schroder Investment Management Group now owns 1,167,536 shares of the company's stock valued at $135,621,000 after purchasing an additional 569,722 shares during the last quarter. Bedell Frazier Investment Counselling LLC bought a new stake in shares of Vertiv in the fourth quarter valued at approximately $415,000. Ibex Wealth Advisors boosted its position in shares of Vertiv by 10.5% in the first quarter. Ibex Wealth Advisors now owns 73,739 shares of the company's stock valued at $5,324,000 after acquiring an additional 6,989 shares during the period. Gallo Partners LP bought a new stake in shares of Vertiv in the fourth quarter valued at approximately $1,826,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in shares of Vertiv in the fourth quarter valued at approximately $597,379,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Trading Up 4.6%

NYSE VRT traded up $5.75 during trading hours on Thursday, hitting $131.15. 7,983,921 shares of the company were exchanged, compared to its average volume of 8,605,355. The stock has a 50-day moving average price of $114.73 and a 200 day moving average price of $103.93. 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 Holdings Co. has a 52 week low of $53.60 and a 52 week high of $155.84. The stock has a market cap of $49.98 billion, a PE ratio of 76.25, a price-to-earnings-growth ratio of 1.27 and a beta of 1.75.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The business's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 EPS. 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 announced 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 is a boost from Vertiv's previous dividend of $0.01. This represents a dividend yield of 0.14%. The ex-dividend date was Monday, June 16th. Vertiv's payout ratio is currently 8.72%.

Insider Activity at Vertiv

In other news, insider Karsten Winther sold 5,500 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $94.33, for a total transaction of $518,815.00. Following the sale, the insider owned 18,847 shares of the company's stock, valued at approximately $1,777,837.51. This represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 transaction, the executive vice president owned 9,551 shares of the company's stock, valued at approximately $1,106,292.33. The trade was a 82.06% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.63% of the company's stock.

Analyst Upgrades and Downgrades

VRT has been the subject of a number of analyst reports. Roth Capital raised Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Wolfe Research reiterated an "outperform" rating and issued a $155.00 price objective on shares of Vertiv in a research report on Thursday, July 10th. UBS Group restated a "buy" rating on shares of Vertiv in a research report on Friday, July 11th. Oppenheimer boosted their price objective on Vertiv from $132.00 to $140.00 and gave the company an "outperform" rating in a research report on Thursday. Finally, Cowen reiterated a "buy" rating on shares of Vertiv in a research note on Thursday, April 24th. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $136.76.

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.