Fuller & Thaler Asset Management Inc. Increases Holdings in Vertiv Holdings Co. $VRT

Key Points

• Fuller & Thaler Asset Management Inc. increased its holdings in Vertiv Holdings Co. by 10.4%, owning 1,222,442 shares valued at approximately $88.26 million as of its latest SEC filing.
• Major institutional investors have been actively trading Vertiv, with over 89.92% of the stock owned by institutional stakeholders and several firms boosting their positions in the first quarter.
• Vertiv has been rated positively by several analysts, with the majority giving it a buy rating and an average target price of $144.06, indicating strong market confidence in its future performance.

Fuller & Thaler Asset Management Inc. boosted its position in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 10.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,222,442 shares of the company's stock after purchasing an additional 114,789 shares during the period. Fuller & Thaler Asset Management Inc. owned about 0.32% of Vertiv worth $88,260,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in VRT. Ibex Wealth Advisors increased its holdings in Vertiv by 10.5% in the 1st quarter. Ibex Wealth Advisors now owns 73,739 shares of the company's stock worth $5,324,000 after acquiring an additional 6,989 shares in the last quarter. Gallo Partners LP bought a new position in shares of Vertiv during the 4th quarter valued at about $1,826,000. Viking Fund Management LLC grew its holdings in Vertiv by 123.5% during the 1st quarter. Viking Fund Management LLC now owns 38,000 shares of the company's stock valued at $2,744,000 after buying an additional 21,000 shares in the last quarter. FengHe Fund Management Pte. Ltd. bought a new stake in Vertiv in the 1st quarter worth approximately $33,389,000. Finally, Outlook Wealth Advisors LLC bought a new position in shares of Vertiv during the 1st quarter valued at approximately $475,000. 89.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VRT has been the topic of several recent research reports. Melius upgraded shares of Vertiv from a "hold" rating to a "buy" rating and set a $165.00 target price on the stock in a research report on Tuesday, July 8th. Oppenheimer lifted their price objective on shares of Vertiv from $140.00 to $151.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. KGI Securities started coverage on shares of Vertiv in a research report on Thursday, April 24th. They set a "hold" rating on the stock. Cowen reissued a "buy" rating on shares of Vertiv in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Vertiv in a report on Friday, July 11th. Three investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $144.06.

Insider Activity at Vertiv

In other Vertiv 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 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Karsten Winther sold 41,654 shares of the company's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $134.21, for a total transaction of $5,590,383.34. Following the completion of the sale, the insider directly owned 18,848 shares in the company, valued at $2,529,590.08. This trade represents a 68.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.01% of the stock is currently owned by corporate insiders.

Vertiv Trading Up 0.3%

NYSE:VRT opened at $132.86 on Monday. The company has a market capitalization of $50.74 billion, a P/E ratio of 63.57, a PEG ratio of 1.17 and a beta of 1.77. 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 Holdings Co. has a 12 month low of $53.60 and a 12 month high of $155.84. The firm has a fifty day simple moving average of $128.12 and a 200-day simple moving average of $105.09.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.12. The company had revenue of $2.64 billion during 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%. The firm's revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.67 EPS. On average, equities research analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 17th were issued a $0.0375 dividend. This is a boost from Vertiv's previous dividend of $0.01. The ex-dividend date was Monday, June 16th. This represents a yield of 14.0%. Vertiv's dividend payout ratio is currently 7.18%.

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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