Vertiv Holdings Co. (NYSE:VRT) Shares Purchased by Lbp Am Sa

LBP AM SA increased its holdings in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 76.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 864,352 shares of the company's stock after buying an additional 375,510 shares during the quarter. Vertiv accounts for about 1.0% of LBP AM SA's portfolio, making the stock its 23rd largest position. LBP AM SA owned approximately 0.23% of Vertiv worth $62,406,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VRT. Assetmark Inc. grew its position in shares of Vertiv by 2,000.0% during the 4th quarter. Assetmark Inc. now owns 546 shares of the company's stock valued at $62,000 after acquiring an additional 520 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Vertiv during the fourth quarter valued at approximately $14,495,000. Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of Vertiv by 8.4% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,325 shares of the company's stock valued at $291,000 after acquiring an additional 180 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Vertiv by 17.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 32,954 shares of the company's stock valued at $3,744,000 after acquiring an additional 4,888 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of Vertiv by 30.5% during the fourth quarter. Larson Financial Group LLC now owns 1,095 shares of the company's stock valued at $124,000 after acquiring an additional 256 shares during the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

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 stock was sold at an average price of $115.83, for a total value of $5,059,801.89. Following the completion of the transaction, the executive vice president directly owned 9,551 shares in the company, valued at approximately $1,106,292.33. This trade represents a 82.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 $1,777,837.51. This trade represents a 22.59% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.63% of the company's stock.

Wall Street Analysts Forecast Growth

VRT has been the topic of several research reports. Morgan Stanley decreased their price target on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Wolfe Research reissued an "outperform" rating and set a $155.00 price objective on shares of Vertiv in a research note on Thursday. Barclays boosted their price objective on Vertiv from $90.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Wednesday. KGI Securities started coverage on Vertiv in a research note on Thursday, April 24th. They set a "hold" rating on the stock. Finally, Roth Capital raised Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Vertiv has an average rating of "Buy" and a consensus price target of $134.24.

Vertiv Stock Down 5.9%

Shares of VRT traded down $7.56 during mid-day trading on Thursday, hitting $120.81. 24,670,353 shares of the company's stock were exchanged, compared to its average volume of 8,621,470. The company has a market cap of $46.04 billion, a price-to-earnings ratio of 70.24, a P/E/G ratio of 1.28 and a beta of 1.75. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week 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. The stock's 50-day moving average is $112.29 and its 200-day moving average is $103.73.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. The business's quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 earnings per share. On average, sell-side 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 announced a dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 17th were issued a $0.0375 dividend. The ex-dividend date was Monday, June 16th. This is a positive change from Vertiv's previous dividend of $0.01. This represents a yield of 0.14%. Vertiv's dividend payout ratio (DPR) is 8.72%.

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.