Lbp Am Sa Has $62.41 Million Stock Holdings in Vertiv Holdings Co. (NYSE:VRT)

LBP AM SA boosted its holdings in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 76.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 864,352 shares of the company's stock after acquiring an additional 375,510 shares during the period. Vertiv comprises about 1.0% of LBP AM SA's investment portfolio, making the stock its 23rd biggest holding. LBP AM SA owned about 0.23% of Vertiv worth $62,406,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of VRT. Axxcess Wealth Management LLC raised its holdings in shares of Vertiv by 29.9% during the first quarter. Axxcess Wealth Management LLC now owns 10,347 shares of the company's stock valued at $747,000 after buying an additional 2,383 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in Vertiv by 15.0% during the first quarter. Stratos Wealth Partners LTD. now owns 3,873 shares of the company's stock worth $280,000 after purchasing an additional 506 shares in the last quarter. M&T Bank Corp raised its holdings in Vertiv by 11.7% during the first quarter. M&T Bank Corp now owns 41,242 shares of the company's stock worth $2,978,000 after purchasing an additional 4,306 shares in the last quarter. Stratos Wealth Advisors LLC bought a new stake in Vertiv during the first quarter worth approximately $205,000. Finally, Liberty One Investment Management LLC raised its holdings in Vertiv by 11.4% during the first quarter. Liberty One Investment Management LLC now owns 1,883 shares of the company's stock worth $136,000 after purchasing an additional 192 shares in the last quarter. Institutional investors own 89.92% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Evercore ISI restated an "outperform" rating and issued a $150.00 price target (up previously from $100.00) on shares of Vertiv in a research report on Tuesday, May 27th. JPMorgan Chase & Co. lifted their price objective on Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Roth Capital upgraded Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Melius raised shares of Vertiv from a "hold" rating to a "buy" rating and set a $165.00 price objective for the company in a report on Tuesday. Finally, Barclays lifted 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. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $132.94.

Vertiv Trading Up 2.0%

Shares of VRT stock traded up $2.54 during trading hours on Wednesday, reaching $128.43. The company had a trading volume of 4,900,546 shares, compared to its average volume of 8,530,160. The company has a 50 day moving average of $110.86 and a 200 day moving average of $103.53. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.72 and a quick ratio of 1.28. The firm has a market cap of $48.95 billion, a price-to-earnings ratio of 74.67, a P/E/G ratio of 1.25 and a beta of 1.75. Vertiv Holdings Co. has a 1-year low of $53.60 and a 1-year high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last announced 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. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the company earned $0.43 earnings per share. The company's revenue for the quarter was up 24.2% compared to the same quarter last year. On average, equities research analysts anticipate that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were paid a $0.0375 dividend. This represents a yield of 0.14%. This is an increase from Vertiv's previous dividend of $0.01. The ex-dividend date of this dividend was Monday, June 16th. Vertiv's dividend payout ratio (DPR) is currently 8.72%.

Insider Buying and Selling

In other news, EVP Stephen Liang sold 43,683 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president directly owned 9,551 shares of the company's stock, valued at $1,106,292.33. This trade represents a 82.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Karsten Winther sold 5,500 shares of the firm's stock in a transaction that occurred 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 completion of the sale, 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 owned by company insiders.

Vertiv Company 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.