Graphene Investments SAS Acquires 7,600 Shares of Vertiv Holdings Co. (NYSE:VRT)

Graphene Investments SAS raised its stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 34.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 29,400 shares of the company's stock after purchasing an additional 7,600 shares during the quarter. Graphene Investments SAS's holdings in Vertiv were worth $2,123,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Vertiv by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock worth $4,130,415,000 after buying an additional 1,244,780 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Vertiv by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock worth $688,260,000 after acquiring an additional 99,181 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in shares of Vertiv during the 4th quarter valued at about $597,379,000. Wellington Management Group LLP increased its stake in Vertiv by 25.3% in the fourth quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock valued at $557,349,000 after acquiring an additional 990,361 shares during the period. Finally, Clearbridge Investments LLC raised its position in Vertiv by 4.8% in the fourth quarter. Clearbridge Investments LLC now owns 3,647,326 shares of the company's stock worth $414,373,000 after purchasing an additional 167,061 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Price Performance

Shares of VRT traded up $3.68 during mid-day trading on Friday, hitting $127.48. 8,953,314 shares of the company traded hands, compared to its average volume of 8,628,679. 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 stock has a market capitalization of $48.58 billion, a price-to-earnings ratio of 74.12, a PEG ratio of 1.22 and a beta of 1.73. The business has a 50-day moving average of $103.31 and a 200 day moving average of $103.39. Vertiv Holdings Co. has a one year low of $53.60 and a one year high of $155.84.

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

Vertiv Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on VRT shares. KGI Securities assumed coverage on Vertiv in a report on Thursday, April 24th. They set a "hold" rating on the stock. Barclays decreased their price target on Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. Royal Bank Of Canada started coverage on Vertiv in a research note on Friday, March 7th. They set an "outperform" rating and a $121.00 price objective for the company. Wall Street Zen raised Vertiv from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 21st. Finally, Morgan Stanley lowered their target price on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Vertiv presently has an average rating of "Moderate Buy" and an average price target of $126.69.

Insider Transactions at Vertiv

In related news, insider Karsten Winther sold 5,500 shares of the company'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 completion of the sale, the insider now owns 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 can be accessed through this link. Also, EVP Stephen Liang sold 43,683 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $115.83, for a total value of $5,059,801.89. Following the transaction, the executive vice president now owns 9,551 shares of the company's stock, valued at $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.63% of the stock is owned by corporate insiders.

About Vertiv

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.