Vertiv Holdings Co. (NYSE:VRT) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 12.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 174,942 shares of the company's stock after acquiring an additional 19,446 shares during the period. Janney Montgomery Scott LLC's holdings in Vertiv were worth $12,631,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on VRT shares. Evercore ISI reiterated an "outperform" rating and issued a $150.00 price target (up from $100.00) on shares of Vertiv in a report on Tuesday, May 27th. Roth Capital upgraded Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Citigroup boosted their target price on shares of Vertiv from $98.00 to $130.00 and gave the stock a "buy" rating in a report on Monday. Royal Bank Of Canada assumed coverage on shares of Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price target on the stock. Finally, The Goldman Sachs Group boosted their price objective 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. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's 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.

Insiders Place Their Bets

In other Vertiv news, 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 value of $5,059,801.89. Following the completion of the transaction, the executive vice president now owns 9,551 shares of the company's stock, valued at approximately $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Karsten Winther sold 5,500 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.33, for a total transaction of $518,815.00. Following the sale, the insider now directly owns 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 disclosure for this sale can be found here. Insiders own 2.63% of the company's stock.

Vertiv Stock Performance

Vertiv stock traded down $0.39 during trading hours on Friday, hitting $118.69. 6,599,208 shares of the stock traded hands, compared to its average volume of 8,668,052. The firm's 50 day moving average price is $98.41 and its 200-day moving average price is $103.74. 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 stock has a market capitalization of $45.23 billion, a price-to-earnings ratio of 69.01, a P/E/G ratio of 1.20 and a beta of 1.73. 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 issued its 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 analyst estimates of $1.94 billion. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Vertiv's revenue for the quarter was up 24.2% on a year-over-year basis. As a group, equities analysts expect that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th will be issued a $0.0375 dividend. This represents a dividend yield of 0.14%. The ex-dividend date is Monday, June 16th. This is a boost from Vertiv's previous dividend of $0.01. Vertiv's payout ratio is 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.