Kapitalo Investimentos Ltda Invests $16.22 Million in Vertiv Holdings Co. (NYSE:VRT)

Key Points

• Kapitalo Investimentos Ltda has acquired 224,667 shares of Vertiv Holdings Co., amounting to approximately $16.2 million, making it the 9th largest holding in their portfolio.
• Vertiv's latest quarterly earnings surpassed expectations, reporting $0.64 earnings per share, beating estimates of $0.62, and revenue rose to $2.04 billion, up 24.2% year-over-year.
• The firm declared a dividend of $0.0375 per share, an increase from their previous $0.01 dividend, representing a yield of 0.14%.

Kapitalo Investimentos Ltda acquired a new stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 224,667 shares of the company's stock, valued at approximately $16,221,000. Vertiv makes up about 3.3% of Kapitalo Investimentos Ltda's portfolio, making the stock its 9th biggest position. Kapitalo Investimentos Ltda owned approximately 0.06% of Vertiv at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Horizon Investment Services LLC grew its stake in shares of Vertiv by 4.1% in the fourth quarter. Horizon Investment Services LLC now owns 2,410 shares of the company's stock worth $274,000 after acquiring an additional 95 shares during the last quarter. Focus Partners Advisor Solutions LLC grew its stake in shares of Vertiv by 3.1% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company's stock worth $367,000 after acquiring an additional 97 shares during the last quarter. Utah Retirement Systems grew its stake in shares of Vertiv by 0.3% in the fourth quarter. Utah Retirement Systems now owns 39,300 shares of the company's stock worth $4,465,000 after acquiring an additional 100 shares during the last quarter. Wahed Invest LLC grew its stake in shares of Vertiv by 1.2% in the fourth quarter. Wahed Invest LLC now owns 8,798 shares of the company's stock worth $1,000,000 after acquiring an additional 105 shares during the last quarter. Finally, Ellevest Inc. grew its stake in shares of Vertiv by 5.9% in the fourth quarter. Ellevest Inc. now owns 2,393 shares of the company's stock worth $272,000 after acquiring an additional 133 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Price Performance

Shares of NYSE VRT traded up $1.14 during midday trading on Wednesday, reaching $143.84. 12,477,888 shares of the company traded hands, compared to its average volume of 9,485,685. The firm has a market cap of $54.82 billion, a PE ratio of 83.58, a PEG ratio of 1.42 and a beta of 1.75. The stock's 50-day simple moving average is $120.06 and its 200-day simple moving average is $104.35. Vertiv Holdings Co. has a 12 month low of $53.60 and a 12 month high of $155.84. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.28 and a current ratio of 1.72.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.12. The company had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.36 billion. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The business's revenue was up 35.1% on a year-over-year basis. During the same period last year, the business earned $0.67 earnings per share. As a group, equities analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were issued a dividend of $0.0375 per share. The ex-dividend date of this dividend was 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 presently 8.72%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on VRT shares. Roth Mkm started coverage on shares of Vertiv in a research note on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price objective on the stock. KGI Securities started coverage on shares of Vertiv in a research note on Thursday, April 24th. They issued a "hold" rating on the stock. Melius upgraded shares of Vertiv from a "hold" rating to a "buy" rating and set a $165.00 price objective on the stock in a research note on Tuesday, July 8th. Wall Street Zen upgraded shares of Vertiv from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 21st. Finally, Cowen restated a "buy" rating on shares of Vertiv in a research note on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $137.89.

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 stock was sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the completion of the transaction, the executive vice president directly owned 9,551 shares of the company's stock, valued at approximately $1,106,292.33. This trade represents a 82.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 of the company's stock, 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. 5.01% of the stock is currently 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.