Generate Investment Management Ltd Sells 62,023 Shares of Vertiv Holdings Co. (NYSE:VRT)

Generate Investment Management Ltd trimmed its position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 39.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 94,896 shares of the company's stock after selling 62,023 shares during the quarter. Generate Investment Management Ltd's holdings in Vertiv were worth $6,851,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Colonial Trust Co SC raised its position 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 period. Ameriflex Group Inc. acquired a new position in shares of Vertiv during the fourth quarter worth approximately $37,000. TD Private Client Wealth LLC grew its holdings in 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 in the last quarter. BNP Paribas bought a new stake in Vertiv during the fourth quarter worth $45,000. Finally, North Star Investment Management Corp. grew its holdings 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 buying an additional 412 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.33, for a total value of $518,815.00. Following the sale, the insider now owns 18,847 shares of the company's stock, valued at $1,777,837.51. This trade represents a 22.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 value of $5,059,801.89. Following the completion of the sale, the executive vice president now directly owns 9,551 shares in the company, 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.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Morgan Stanley decreased their price target on Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. JPMorgan Chase & Co. upped their price target on Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Roth Mkm assumed coverage on Vertiv in a report on Tuesday, April 8th. They set a "buy" rating and a $75.00 price target for the company. KGI Securities assumed coverage on Vertiv in a report on Thursday, April 24th. They set a "hold" rating for the company. Finally, Wall Street Zen upgraded Vertiv from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 21st. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Vertiv currently has an average rating of "Moderate Buy" and a consensus target price of $126.69.

Vertiv Stock Performance

Shares of NYSE VRT traded up $3.68 during trading on Friday, reaching $127.48. 8,953,314 shares of the stock traded hands, compared to its average volume of 8,634,768. Vertiv Holdings Co. has a 52-week low of $53.60 and a 52-week high of $155.84. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.72 and a quick ratio of 1.28. The company has a 50-day moving average of $104.39 and a 200-day moving average of $103.43. The stock has a market capitalization of $48.58 billion, a P/E ratio of 74.12, a price-to-earnings-growth ratio of 1.24 and a beta of 1.73.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The firm had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the prior year, the firm earned $0.43 EPS. The business's revenue for the quarter was up 24.2% compared to the same quarter last year. Analysts forecast that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

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

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.