4,694 Shares in Vertiv Holdings Co. (NYSE:VRT) Bought by Kingsman Wealth Management Inc.

Kingsman Wealth Management Inc. bought 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 and Exchange Commission. The firm bought 4,694 shares of the company's stock, valued at approximately $339,000.

A number of other large investors have also added to or reduced their stakes in VRT. GW&K Investment Management LLC bought a new stake in shares of Vertiv in the first quarter worth approximately $26,000. North Star Investment Management Corp. grew its position in Vertiv by 4,120.0% during the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock valued at $30,000 after buying an additional 412 shares during the period. Sachetta LLC grew its position in Vertiv by 242.0% during the first quarter. Sachetta LLC now owns 448 shares of the company's stock valued at $32,000 after buying an additional 317 shares during the period. Colonial Trust Co SC grew its position in Vertiv by 211.9% during the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company's stock valued at $36,000 after buying an additional 214 shares during the period. Finally, Ameriflex Group Inc. bought a new stake in Vertiv during the fourth quarter valued at approximately $37,000. Institutional investors own 89.92% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on VRT shares. Mizuho set a $150.00 price objective on shares of Vertiv and gave the company an "outperform" rating in a research report on Wednesday, July 16th. Melius Research raised shares of Vertiv from a "hold" rating to a "strong-buy" rating and upped their price objective for the stock from $134.00 to $165.00 in a research note on Tuesday, July 8th. Bank of America upped their price objective on shares of Vertiv from $140.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Vertiv in a research note on Friday, July 11th. Finally, Barclays upped their price objective on shares of Vertiv from $90.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 9th. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, Vertiv has an average rating of "Buy" and a consensus price target of $136.76.

Insider Transactions at Vertiv

In related news, EVP Stephen Liang sold 43,683 shares of Vertiv stock in a transaction dated Friday, June 6th. The shares were 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. The trade was a 82.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Karsten Winther sold 5,500 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $94.33, for a total transaction of $518,815.00. Following the transaction, the insider owned 18,847 shares of the company's stock, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their position. The disclosure for this sale can be found here. 5.01% of the stock is currently owned by insiders.

Vertiv Stock Performance

VRT stock traded down $2.98 during midday trading on Monday, reaching $126.08. 4,775,527 shares of the company's stock traded hands, compared to its average volume of 8,545,248. The firm has a market capitalization of $48.05 billion, a PE ratio of 73.30, a price-to-earnings-growth ratio of 1.28 and a beta of 1.75. Vertiv Holdings Co. has a 52 week low of $53.60 and a 52 week high of $155.84. The company has a 50-day moving average price of $116.14 and a two-hundred day moving average price of $103.98. 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 released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. Vertiv's revenue was up 24.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 earnings per share. As a group, equities analysts anticipate that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were issued a $0.0375 dividend. The ex-dividend date of this dividend was Monday, June 16th. This is an increase from Vertiv's previous dividend of $0.01. This represents a dividend yield of 0.14%. 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.