FSM Wealth Advisors LLC Takes $248,000 Position in Vertiv Holdings Co. (NYSE:VRT)

FSM Wealth Advisors LLC bought a new stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,435 shares of the company's stock, valued at approximately $248,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. North Star Investment Management Corp. boosted its stake in Vertiv by 4,120.0% during the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock valued at $30,000 after acquiring an additional 412 shares during the last quarter. Colonial Trust Co SC boosted its stake in Vertiv by 211.9% during the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company's stock valued at $36,000 after acquiring an additional 214 shares during the last quarter. Ameriflex Group Inc. bought a new position in Vertiv during the 4th quarter valued at $37,000. TD Private Client Wealth LLC boosted its stake in Vertiv by 150.7% during the 4th quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock valued at $42,000 after acquiring an additional 223 shares during the last quarter. Finally, Mizuho Securities Co. Ltd. acquired a new stake in shares of Vertiv during the first quarter worth $43,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Stephen Liang sold 43,683 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president owned 9,551 shares of the company's stock, 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. 2.63% of the stock is currently owned by company insiders.

Vertiv Stock Up 1.4%

Vertiv stock opened at $124.30 on Thursday. The stock has a market cap of $47.37 billion, a price-to-earnings ratio of 72.27, a PEG ratio of 1.22 and a beta of 1.75. The company has a current ratio of 1.72, a quick ratio of 1.28 and a debt-to-equity ratio of 1.09. The company's 50-day moving average price is $107.55 and its two-hundred day moving average price is $103.42. Vertiv Holdings Co. has a 52 week low of $53.60 and a 52 week high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last released its earnings results 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 for 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%. Vertiv's quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter last year, the company earned $0.43 EPS. On average, analysts expect that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were paid a dividend of $0.0375 per share. This is a boost from Vertiv's previous dividend of $0.01. The ex-dividend date of this dividend was Monday, June 16th. This represents a yield of 0.14%. Vertiv's dividend payout ratio (DPR) is presently 8.72%.

Analysts Set New Price Targets

A number of brokerages have weighed in on VRT. KGI Securities began coverage on shares of Vertiv in a report on Thursday, April 24th. They set a "hold" rating on the stock. Barclays dropped their target price on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. The Goldman Sachs Group increased their target price on shares of Vertiv from $106.00 to $122.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. JPMorgan Chase & Co. increased their target price on shares of Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Finally, Royal Bank Of Canada began coverage on shares of Vertiv in a report on Friday, March 7th. They set an "outperform" rating and a $121.00 target price on the stock. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $126.69.

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.

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