Fox Run Management L.L.C. Purchases 17,627 Shares of Vertiv Holdings Co. (NYSE:VRT)

Key Points

• Fox Run Management L.L.C. significantly increased its stake in Vertiv Holdings Co. by 449.9%, acquiring an additional 17,627 shares and bringing its total holdings to 21,545 shares worth approximately $1.56 million.
• Vertiv reported exceptional quarterly results with earnings of $0.95 per share, surpassing analysts' expectations of $0.83, and recorded revenue growth of 35.1% year-over-year.
• The company also increased its dividend to $0.0375 per share, reflecting a substantial boost from the previous dividend of $0.01 and demonstrating a strong yield of 14.0%.

Fox Run Management L.L.C. lifted its stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 449.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,545 shares of the company's stock after purchasing an additional 17,627 shares during the period. Fox Run Management L.L.C.'s holdings in Vertiv were worth $1,556,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. GW&K Investment Management LLC bought a new position in Vertiv in the 1st quarter worth $26,000. SouthState Corp bought a new position in Vertiv in the 1st quarter worth $27,000. North Star Investment Management Corp. boosted 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 worth $30,000 after buying an additional 412 shares during the period. Sachetta LLC lifted its stake in Vertiv by 242.0% in the 1st quarter. Sachetta LLC now owns 448 shares of the company's stock worth $32,000 after purchasing an additional 317 shares in the last quarter. Finally, Colonial Trust Co SC lifted its stake in Vertiv by 211.9% in the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after purchasing an additional 214 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vertiv

In other news, EVP Stephen Liang sold 43,683 shares of Vertiv stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the sale, the executive vice president owned 9,551 shares in the company, valued at $1,106,292.33. This trade represents a 82.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.63% of the stock is currently owned by corporate insiders.

Vertiv Price Performance

NYSE:VRT opened at $137.57 on Thursday. Vertiv Holdings Co. has a 52 week low of $53.60 and a 52 week high of $155.84. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 0.93. The stock's fifty day moving average is $127.37 and its two-hundred day moving average is $104.81. The company has a market capitalization of $52.53 billion, a P/E ratio of 65.82, a P/E/G ratio of 1.27 and a beta of 1.77.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.12. The company had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $2.36 billion. Vertiv had a return on equity of 51.64% and a net margin of 8.93%. Vertiv's quarterly revenue was up 35.1% on a year-over-year basis. During the same period last year, the firm earned $0.67 earnings per share. Equities analysts expect that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were given a $0.0375 dividend. This is a boost from Vertiv's previous dividend of $0.01. This represents a dividend yield of 14.0%. The ex-dividend date of this dividend was Monday, June 16th. Vertiv's dividend payout ratio (DPR) is presently 7.18%.

Wall Street Analyst Weigh In

VRT has been the subject of a number of recent analyst reports. Citigroup lifted their price target on shares of Vertiv from $130.00 to $149.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Cowen restated a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Wolfe Research restated an "outperform" rating and issued a $155.00 price target on shares of Vertiv in a report on Thursday, July 10th. Royal Bank Of Canada increased their price objective on shares of Vertiv from $143.00 to $162.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Finally, William Blair started coverage on shares of Vertiv in a research report on Monday, July 28th. They issued an "outperform" rating for the company. Three investment 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 company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $144.06.

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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