JBR Co Financial Management Inc Grows Stock Holdings in Vertiv Holdings Co. (NYSE:VRT)

JBR Co Financial Management Inc boosted its position in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 56.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,508 shares of the company's stock after purchasing an additional 2,700 shares during the period. JBR Co Financial Management Inc's holdings in Vertiv were worth $542,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. North Star Investment Management Corp. grew its stake in shares of Vertiv by 4,120.0% during the 1st 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 period. Tradewinds Capital Management LLC lifted its holdings in Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock valued at $33,000 after purchasing an additional 111 shares in the last quarter. Pittenger & Anderson Inc. lifted its holdings in Vertiv by 92.0% during the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock valued at $36,000 after purchasing an additional 150 shares in the last quarter. Colonial Trust Co SC boosted its position in shares of Vertiv by 211.9% in 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 period. Finally, Ameriflex Group Inc. purchased a new stake in shares of Vertiv in the fourth quarter worth $37,000. 89.92% of the stock is currently owned by institutional investors.

Vertiv Price Performance

VRT stock opened at $116.79 on Wednesday. Vertiv Holdings Co. has a 52 week low of $53.60 and a 52 week high of $155.84. The firm has a market capitalization of $44.51 billion, a P/E ratio of 67.90, a price-to-earnings-growth ratio of 1.21 and a beta of 1.73. The company has a fifty day simple moving average of $96.45 and a two-hundred day simple moving average of $103.69. The company has a quick ratio of 1.28, a current ratio of 1.72 and a debt-to-equity ratio of 1.09.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly 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 net margin of 7.92% and a return on equity of 56.01%. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the firm earned $0.43 EPS. The firm's revenue for the quarter was up 24.2% compared to the same quarter last year. Analysts anticipate 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 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 of this dividend is 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%.

Analyst Ratings Changes

VRT has been the topic of a number of analyst reports. Roth Capital upgraded shares of Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Royal Bank Of Canada initiated coverage on Vertiv in a report on Friday, March 7th. They set an "outperform" rating and a $121.00 price target on the stock. Cowen reaffirmed a "buy" rating on shares of Vertiv in a research note on Thursday, April 24th. Citigroup increased their target price on Vertiv from $98.00 to $130.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Morgan Stanley decreased their target price on Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $126.69.

Insider Buying and Selling

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the business's stock in a transaction dated Friday, May 9th. The shares were 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 directly owns 18,847 shares of the company's stock, valued at $1,777,837.51. The trade was a 22.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Stephen Liang sold 43,683 shares of the business'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 completion of the sale, 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 position. The disclosure for this sale can be found here. 5.01% 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.

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