Leo Wealth LLC Buys Shares of 4,490 Vertiv Holdings Co. (NYSE:VRT)

Leo Wealth LLC bought a new position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 4,490 shares of the company's stock, valued at approximately $324,000.

Several other institutional investors also recently made changes to their positions in VRT. Dakota Wealth Management boosted its position in shares of Vertiv by 25.1% in the 1st quarter. Dakota Wealth Management now owns 40,079 shares of the company's stock worth $2,894,000 after buying an additional 8,048 shares in the last quarter. LJI Wealth Management LLC purchased a new stake in shares of Vertiv in the 1st quarter worth about $363,000. OVERSEA CHINESE BANKING Corp Ltd boosted its position in shares of Vertiv by 2,243.3% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 219,896 shares of the company's stock worth $15,876,000 after buying an additional 210,512 shares in the last quarter. SBI Securities Co. Ltd. boosted its position in shares of Vertiv by 10.9% in the 1st quarter. SBI Securities Co. Ltd. now owns 13,940 shares of the company's stock worth $1,006,000 after buying an additional 1,366 shares in the last quarter. Finally, Apollon Wealth Management LLC raised its stake in Vertiv by 69.5% in the 1st quarter. Apollon Wealth Management LLC now owns 19,262 shares of the company's stock valued at $1,391,000 after purchasing an additional 7,899 shares during the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Vertiv news, 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 directly owned 18,847 shares of the company's stock, valued at approximately $1,777,837.51. This represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen Liang sold 43,683 shares of the company'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 transaction 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. The trade was a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.01% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

VRT has been the subject of several research analyst reports. Melius Research raised shares of Vertiv from a "hold" rating to a "strong-buy" rating and upped their price target for the stock from $134.00 to $165.00 in a research report on Tuesday, July 8th. Morgan Stanley lowered their price objective on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Cowen reissued a "buy" rating on shares of Vertiv in a research note on Thursday, April 24th. JPMorgan Chase & Co. boosted their price objective on shares of Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Finally, Barclays boosted 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. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $135.35.

Vertiv Stock Performance

NYSE:VRT traded up $2.77 during midday trading on Tuesday, reaching $127.49. The stock had a trading volume of 7,074,092 shares, compared to its average volume of 8,608,398. Vertiv Holdings Co. has a 1-year low of $53.60 and a 1-year high of $155.84. The firm's fifty day simple moving average is $113.46 and its 200-day simple moving average is $103.61. 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 stock has a market capitalization of $48.59 billion, a P/E ratio of 74.12, a PEG ratio of 1.23 and a beta of 1.75.

Vertiv (NYSE:VRT - Get Free Report) last posted 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 business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. Vertiv's revenue was up 24.2% compared to the same quarter last year. During the same period last year, the business posted $0.43 EPS. On average, equities research analysts forecast that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were given a dividend of $0.0375 per share. This is a positive change 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 payout ratio is 8.72%.

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.