Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD Takes Position in Vertiv Holdings Co. (NYSE:VRT)

Key Points

• Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD acquired 35,055 shares of Vertiv Holdings Co. for approximately $2.53 million in the 1st quarter.
• Insider transactions showed significant sales, with EVP Stephen Liang selling 43,683 shares and reducing his ownership by 82.06%.
• Vertiv recently increased its dividend to $0.0375 per share, up from $0.01, representing a yield of 0.14%.

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD bought a new stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 35,055 shares of the company's stock, valued at approximately $2,530,000.

A number of other hedge funds have also recently bought and sold shares of VRT. Schroder Investment Management Group boosted its holdings in Vertiv by 95.3% during the fourth quarter. Schroder Investment Management Group now owns 1,167,536 shares of the company's stock worth $135,621,000 after buying an additional 569,722 shares in the last quarter. Bedell Frazier Investment Counselling LLC acquired a new position in shares of Vertiv in the 4th quarter worth $415,000. Ibex Wealth Advisors raised its position in shares of Vertiv by 10.5% during the first quarter. Ibex Wealth Advisors now owns 73,739 shares of the company's stock worth $5,324,000 after purchasing an additional 6,989 shares during the period. Gallo Partners LP purchased a new stake in shares of Vertiv during the fourth quarter valued at $1,826,000. Finally, Massachusetts Financial Services Co. MA acquired a new position in shares of Vertiv in the 4th quarter valued at $597,379,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related 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 transaction, the executive vice president owned 9,551 shares in the company, valued at $1,106,292.33. This trade represents a 82.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Karsten Winther sold 5,500 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the sale, the insider owned 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 disclosure for this sale can be found here. Company insiders own 2.63% of the company's stock.

Vertiv Stock Performance

Shares of NYSE VRT opened at $137.52 on Friday. The business's 50-day simple moving average is $118.59 and its 200-day simple moving average is $104.33. 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 Holdings Co. has a 52 week low of $53.60 and a 52 week high of $155.84. The firm has a market cap of $52.41 billion, a price-to-earnings ratio of 79.96, a P/E/G ratio of 1.30 and a beta of 1.75.

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 the consensus estimate of $0.62 by $0.02. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the company posted $0.43 earnings per share. The company's revenue for the quarter was up 24.2% compared to the same quarter last year. As a group, equities research analysts expect that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 17th were issued a dividend of $0.0375 per share. This is an increase from Vertiv's previous dividend of $0.01. This represents a dividend yield of 0.14%. The ex-dividend date of this dividend was Monday, June 16th. Vertiv's dividend payout ratio is currently 8.72%.

Analyst Ratings Changes

A number of analysts have commented on VRT shares. Barclays upped their price objective on shares of Vertiv from $90.00 to $110.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. Melius Research raised shares of Vertiv from a "hold" rating to a "strong-buy" rating and raised their price objective for the stock from $134.00 to $165.00 in a research note on Tuesday, July 8th. UBS Group restated a "buy" rating on shares of Vertiv in a report on Friday, July 11th. Cowen reiterated a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Finally, Morgan Stanley dropped their price target on Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $136.76.

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.

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