Jackson Square Partners LLC Acquires Shares of 222,132 Vertiv Holdings Co. (NYSE:VRT)

Jackson Square Partners LLC acquired a new position in Vertiv Holdings Co. (NYSE:VRT - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 222,132 shares of the company's stock, valued at approximately $16,038,000. Vertiv accounts for 2.2% of Jackson Square Partners LLC's portfolio, making the stock its 25th biggest holding. Jackson Square Partners LLC owned 0.06% of Vertiv as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in VRT. GW&K Investment Management LLC acquired a new position in shares of Vertiv during the 1st quarter worth approximately $26,000. North Star Investment Management Corp. increased its holdings in Vertiv by 4,120.0% in the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock worth $30,000 after acquiring an additional 412 shares in the last quarter. Sachetta LLC raised its position in Vertiv by 242.0% during the first quarter. Sachetta LLC now owns 448 shares of the company's stock worth $32,000 after acquiring an additional 317 shares during the period. Colonial Trust Co SC raised its position 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 acquiring an additional 214 shares during the period. Finally, Ameriflex Group Inc. purchased a new position in Vertiv during the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 89.92% of the company's stock.

Insiders Place Their Bets

In other Vertiv news, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the transaction, the insider directly owned 18,847 shares in the company, valued at approximately $1,777,837.51. The trade was 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 hyperlink. Also, EVP Stephen Liang sold 43,683 shares of the company's stock in a transaction that occurred on 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 sale, the executive vice president directly 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. 2.63% of the stock is owned by insiders.

Vertiv Stock Up 0.7%

Shares of NYSE VRT opened at $139.69 on Thursday. The business's fifty day simple moving average is $124.38 and its 200-day simple moving average is $104.99. 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 stock has a market cap of $53.24 billion, a P/E ratio of 66.84, a PEG ratio of 1.22 and a beta of 1.77.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.12. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. Vertiv had a net margin of 8.93% and a return on equity of 51.64%. The company's revenue was up 35.1% on a year-over-year basis. During the same period last year, the business earned $0.67 EPS. As a group, equities analysts predict that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

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

Analyst Ratings Changes

A number of analysts have recently commented on the stock. The Goldman Sachs Group reissued a "buy" rating on shares of Vertiv in a research note on Friday, July 11th. Royal Bank Of Canada raised their target price on Vertiv from $143.00 to $162.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Barclays set a $128.00 price target on shares of Vertiv and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Mizuho raised their price objective on shares of Vertiv from $125.00 to $150.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 16th. Finally, Cowen reaffirmed a "buy" rating on shares of Vertiv in a research note on Thursday, April 24th. Three analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $144.06.

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.

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