Key Client Fiduciary Advisors LLC Buys 3,410 Shares of Vertiv Holdings Co (NYSE:VRT)

Key Client Fiduciary Advisors LLC raised its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 96.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,929 shares of the company's stock after buying an additional 3,410 shares during the quarter. Key Client Fiduciary Advisors LLC's holdings in Vertiv were worth $500,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Prestige Wealth Management Group LLC lifted its holdings in shares of Vertiv by 2.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company's stock worth $420,000 after purchasing an additional 85 shares during the last quarter. Horizon Investment Services LLC increased its position in 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 buying an additional 95 shares during the period. Focus Partners Advisor Solutions LLC increased its position in 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 buying an additional 97 shares during the period. Utah Retirement Systems lifted its stake in Vertiv by 0.3% in the fourth quarter. Utah Retirement Systems now owns 39,300 shares of the company's stock valued at $4,465,000 after buying an additional 100 shares during the last quarter. Finally, Wahed Invest LLC boosted its holdings in shares of Vertiv by 1.2% during the fourth quarter. Wahed Invest LLC now owns 8,798 shares of the company's stock valued at $1,000,000 after acquiring an additional 105 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Stock Performance

Shares of VRT traded down $0.59 on Thursday, reaching $112.26. 4,809,062 shares of the stock traded hands, compared to its average volume of 8,836,877. Vertiv Holdings Co has a 12 month low of $53.60 and a 12 month high of $155.84. The firm has a market cap of $42.78 billion, a price-to-earnings ratio of 87.70, a P/E/G ratio of 1.07 and a beta of 1.70. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The stock's 50-day moving average price is $88.38 and its 200-day moving average price is $105.12.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The business's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.43 earnings per share. Equities analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.13%. The ex-dividend date was Tuesday, March 18th. Vertiv's dividend payout ratio is 8.72%.

Analyst Ratings Changes

Several research firms have commented on VRT. Barclays decreased their target price on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. Royal Bank of Canada assumed coverage on Vertiv in a research report on Friday, March 7th. They issued an "outperform" rating and a $121.00 target price on the stock. Cowen reiterated a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. JPMorgan Chase & Co. increased their price target on Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Finally, Roth Capital raised Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $122.38.

Insider Buying and Selling at Vertiv

In other news, insider Karsten Winther sold 5,500 shares of the firm's 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 owns 18,847 shares of the company's stock, valued at $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.63% of the company's stock.

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.