Grange Capital LLC Makes New $452,000 Investment in Vertiv Holdings Co. (NYSE:VRT)

Grange Capital LLC purchased a new position in Vertiv Holdings Co. (NYSE:VRT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,263 shares of the company's stock, valued at approximately $452,000.

Several other institutional investors have also recently made changes to their positions in VRT. North Star Investment Management Corp. lifted its stake 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 purchasing an additional 412 shares during the last quarter. Colonial Trust Co SC lifted its stake in 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 last quarter. Ameriflex Group Inc. bought a new stake in Vertiv during the fourth quarter worth about $37,000. TD Private Client Wealth LLC lifted its stake in Vertiv by 37.5% during the first quarter. TD Private Client Wealth LLC now owns 510 shares of the company's stock worth $37,000 after purchasing an additional 139 shares during the last quarter. Finally, Mizuho Securities Co. Ltd. bought a new stake in Vertiv during the first quarter worth about $43,000. Institutional investors own 89.92% of the company's stock.

Vertiv Trading Down 1.7%

Shares of Vertiv stock traded down $2.21 during trading on Friday, reaching $128.91. 4,043,019 shares of the stock were exchanged, compared to its average volume of 8,570,462. The company has a quick ratio of 1.28, a current ratio of 1.72 and a debt-to-equity ratio of 1.09. The stock's fifty day moving average is $115.44 and its 200 day moving average is $104.03. The firm has a market cap of $49.13 billion, a price-to-earnings ratio of 74.97, a price-to-earnings-growth ratio of 1.25 and a beta of 1.75. Vertiv Holdings Co. has a 1 year low of $53.60 and a 1 year high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. Vertiv's revenue for the quarter was up 24.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 earnings per share. As a group, equities research analysts expect that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The company 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 positive change 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 dividend payout ratio is currently 8.72%.

Insider Transactions at Vertiv

In other news, insider Karsten Winther sold 5,500 shares of the 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 completion of the sale, the insider directly owned 18,847 shares in the company, 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 document filed with the SEC, which is accessible through this hyperlink. Also, EVP Stephen Liang sold 43,683 shares of the stock in a transaction dated 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 sale, the executive vice president owned 9,551 shares of the company's stock, valued at approximately $1,106,292.33. This represents a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Bank of America lifted their price target on Vertiv from $140.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday. Morgan Stanley dropped their price target on Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Citigroup raised their price objective on Vertiv from $130.00 to $149.00 and gave the company a "buy" rating in a research note on Monday. Roth Mkm assumed coverage on Vertiv in a research note on Tuesday, April 8th. They set a "buy" rating and a $75.00 price objective on the stock. Finally, Wolfe Research reaffirmed an "outperform" rating and set a $155.00 price objective on shares of Vertiv in a research note on Thursday, July 10th. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $136.76.

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.