LJI Wealth Management LLC Invests $363,000 in Vertiv Holdings Co. (NYSE:VRT)

LJI Wealth Management LLC acquired a new stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,026 shares of the company's stock, valued at approximately $363,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA acquired a new stake in Vertiv in the fourth quarter valued at approximately $597,379,000. Norges Bank acquired a new stake in Vertiv in the fourth quarter valued at approximately $391,777,000. Arrowstreet Capital Limited Partnership lifted its stake in Vertiv by 136.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company's stock valued at $379,101,000 after acquiring an additional 1,928,275 shares during the last quarter. Vanguard Group Inc. lifted its stake in Vertiv by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock valued at $4,130,415,000 after acquiring an additional 1,244,780 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in Vertiv by 25.3% in the fourth quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock valued at $557,349,000 after acquiring an additional 990,361 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Stock Performance

NYSE:VRT traded up $5.82 during trading hours on Thursday, hitting $131.22. 5,293,189 shares of the company traded hands, compared to its average volume of 8,595,366. The stock has a market capitalization of $50.01 billion, a price-to-earnings ratio of 76.38, a P/E/G ratio of 1.27 and a beta of 1.75. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $155.84. The firm has a 50-day moving average of $114.73 and a 200 day moving average of $103.93. The company has a current ratio of 1.72, a quick ratio of 1.28 and a debt-to-equity ratio of 1.09.

Vertiv (NYSE:VRT - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, beating the consensus estimate 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 net margin of 7.92% and a return on equity of 56.01%. The business's quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 EPS. On average, analysts forecast that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

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

Insider Buying and Selling at Vertiv

In other Vertiv news, EVP Stephen Liang sold 43,683 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $115.83, for a total value of $5,059,801.89. Following the sale, the executive vice president owned 9,551 shares of the company's stock, valued at $1,106,292.33. The trade was a 82.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Karsten Winther sold 5,500 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the completion of the sale, the insider directly owned 18,847 shares in the company, 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. Insiders own 2.63% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. KGI Securities assumed coverage on shares of Vertiv in a research note on Thursday, April 24th. They issued a "hold" rating for the company. Melius upgraded shares of Vertiv from a "hold" rating to a "buy" rating and set a $165.00 target price for the company in a research note on Tuesday, July 8th. Evercore ISI restated an "outperform" rating on shares of Vertiv in a research note on Thursday, July 10th. Mizuho set a $150.00 price objective on shares of Vertiv and gave the stock an "outperform" rating in a research note on Wednesday. Finally, Barclays boosted their price objective on shares of Vertiv from $90.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 9th. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Vertiv has a consensus rating of "Buy" and an average price target of $136.76.

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.