Vertiv Holdings Co. (NYSE:VRT) Shares Acquired by HCR Wealth Advisors

HCR Wealth Advisors raised its stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 917.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,601 shares of the company's stock after acquiring an additional 22,184 shares during the quarter. HCR Wealth Advisors' holdings in Vertiv were worth $1,776,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in VRT. North Star Investment Management Corp. lifted its position in Vertiv by 4,120.0% during the first 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. Tradewinds Capital Management LLC grew its holdings in Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after purchasing an additional 111 shares during the last quarter. Colonial Trust Co SC increased 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 in the last quarter. Ameriflex Group Inc. purchased a new stake in shares of Vertiv during the 4th quarter valued at $37,000. Finally, TD Private Client Wealth LLC boosted its position in shares of Vertiv by 150.7% in the 4th quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock worth $42,000 after purchasing an additional 223 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on VRT. Morgan Stanley decreased 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. JPMorgan Chase & Co. increased their price objective on shares of Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. The Goldman Sachs Group lifted their target price on shares of Vertiv from $106.00 to $122.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Evercore ISI restated an "outperform" rating and set a $150.00 price target (up previously from $100.00) on shares of Vertiv in a research note on Tuesday, May 27th. Finally, Roth Mkm initiated coverage on shares of Vertiv in a research note on Tuesday, April 8th. They set a "buy" rating and a $75.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $126.69.

Vertiv Stock Performance

Vertiv stock traded up $2.58 during midday trading on Thursday, hitting $119.19. 6,288,672 shares of the company were exchanged, compared to its average volume of 8,675,972. The business has a fifty day simple moving average of $97.38 and a two-hundred day simple moving average of $103.79. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.28 and a current ratio of 1.72. The firm has a market capitalization of $45.42 billion, a PE ratio of 69.30, a price-to-earnings-growth ratio of 1.21 and a beta of 1.73. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. The business 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 quarter in the prior year, the firm posted $0.43 EPS. On average, sell-side analysts forecast that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

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

Insider Activity at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the firm's stock in a transaction that occurred on 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 directly owns 18,847 shares of the company's stock, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen Liang sold 43,683 shares of Vertiv stock in a transaction 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 now directly owns 9,551 shares in the company, valued at $1,106,292.33. This represents a 82.06% decrease in their position. The disclosure for this sale can be found here. 2.63% of the stock is owned by company insiders.

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.