Lederer & Associates Investment Counsel CA Invests $678,000 in Vertiv Holdings Co (NYSE:VRT)

Lederer & Associates Investment Counsel CA purchased a new position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 9,384 shares of the company's stock, valued at approximately $678,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SOA Wealth Advisors LLC. acquired a new stake in shares of Vertiv during the fourth quarter valued at about $26,000. OLD Second National Bank of Aurora acquired a new stake in shares of Vertiv during the fourth quarter valued at about $30,000. Tradewinds Capital Management LLC increased its position in shares of Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock valued at $33,000 after acquiring an additional 111 shares during the last quarter. Pittenger & Anderson Inc. increased its holdings in Vertiv by 92.0% in the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock valued at $36,000 after purchasing an additional 150 shares during the last quarter. Finally, Colonial Trust Co SC increased its holdings in Vertiv by 211.9% in the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company's stock valued at $36,000 after purchasing an additional 214 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Wall Street Analysts Forecast Growth

VRT has been the subject of several research reports. Morgan Stanley dropped their target price on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. KGI Securities initiated coverage on Vertiv in a research note on Thursday, April 24th. They issued a "hold" rating for the company. Barclays dropped their price objective on Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research note on Friday, April 4th. Evercore ISI reaffirmed an "outperform" rating and issued a $150.00 target price (up from $100.00) on shares of Vertiv in a research report on Tuesday. Finally, JPMorgan Chase & Co. lifted their target price on Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Vertiv presently has an average rating of "Moderate Buy" and a consensus target price of $122.38.

Insider Activity at Vertiv

In related news, insider Karsten Winther sold 5,500 shares of the firm's stock in a transaction dated 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 now owns 18,847 shares in the company, valued at $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.63% of the stock is owned by insiders.

Vertiv Stock Performance

NYSE VRT traded down $0.73 during trading hours on Friday, hitting $107.74. The company had a trading volume of 6,931,195 shares, compared to its average volume of 8,949,659. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. Vertiv Holdings Co has a 1-year low of $53.60 and a 1-year high of $155.84. The company has a market cap of $41.06 billion, a PE ratio of 84.17, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. The business has a 50 day moving average of $86.34 and a 200-day moving average of $105.34.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. The firm had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The business'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 EPS. As a group, equities research analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.14%. The ex-dividend date was Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is presently 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.