Leeward Financial Partners LLC Grows Position in Vertiv Holdings Co. (NYSE:VRT)

Key Points

• Leeward Financial Partners LLC increased its stake in Vertiv Holdings Co. by 33.9%, acquiring an additional 10,693 shares, bringing its total holdings to 42,257 shares worth approximately $3.05 million.
• Vertiv recently reported a strong earnings quarter, posting $0.95 EPS, exceeding estimates, with a revenue increase of 35.1% year-over-year totaling $2.64 billion.
• The company's dividend yield has increased to 14.0%, reflecting a rise from the previous dividend of $0.01 per share.

Leeward Financial Partners LLC increased its holdings in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 33.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,257 shares of the company's stock after acquiring an additional 10,693 shares during the quarter. Leeward Financial Partners LLC's holdings in Vertiv were worth $3,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Vertiv by 3.7% during the first quarter. Vanguard Group Inc. now owns 37,715,159 shares of the company's stock valued at $2,723,034,000 after acquiring an additional 1,359,070 shares in the last quarter. Westwood Holdings Group Inc. purchased a new position in Vertiv in the first quarter worth about $392,000. Maxi Investments CY Ltd lifted its stake in shares of Vertiv by 160.3% in the first quarter. Maxi Investments CY Ltd now owns 26,025 shares of the company's stock worth $1,879,000 after buying an additional 16,025 shares in the last quarter. Cary Street Partners Investment Advisory LLC bought a new position in shares of Vertiv in the first quarter worth approximately $125,000. Finally, PARUS FINANCE UK Ltd purchased a new stake in shares of Vertiv during the first quarter valued at approximately $365,000. 89.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Vertiv

In other news, EVP Stephen Liang sold 43,683 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was 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. This represents a 82.06% decrease in their position. The sale was disclosed in a filing 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 dated Friday, May 9th. The stock was sold at an average price of $94.33, for a total transaction of $518,815.00. Following the sale, the insider directly owned 18,847 shares in the company, valued at approximately $1,777,837.51. This represents a 22.59% decrease in their position. The disclosure for this sale can be found here. 2.63% of the stock is currently owned by company insiders.

Vertiv Stock Up 0.7%

Shares of Vertiv stock traded up $0.93 during trading hours on Wednesday, reaching $139.69. 4,076,225 shares of the company were exchanged, compared to its average volume of 8,929,675. Vertiv Holdings Co. has a 1 year low of $53.60 and a 1 year high of $155.84. The firm has a market cap of $53.24 billion, a PE ratio of 66.84, a PEG ratio of 1.22 and a beta of 1.77. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.35 and a current ratio of 1.74. The stock's fifty day moving average is $123.77 and its 200 day moving average is $104.75.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.12. Vertiv had a return on equity of 51.64% and a net margin of 8.93%. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the prior year, the company posted $0.67 earnings per share. The firm's quarterly revenue was up 35.1% compared to the same quarter last year. As a group, equities research analysts forecast that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were paid a $0.0375 dividend. This is a boost from Vertiv's previous dividend of $0.01. The ex-dividend date was Monday, June 16th. This represents a dividend yield of 14.0%. Vertiv's dividend payout ratio (DPR) is 7.18%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on VRT. Melius Research raised Vertiv from a "hold" rating to a "strong-buy" rating and upped their price objective for the company from $134.00 to $165.00 in a research report on Tuesday, July 8th. Roth Capital increased their price objective on Vertiv from $100.00 to $157.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Wall Street Zen raised Vertiv from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 21st. Barclays set a $128.00 price target on shares of Vertiv and gave the company an "equal weight" rating in a report on Thursday, July 31st. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Vertiv in a report on Friday, July 11th. Three equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $144.06.

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.