Locust Wood Capital Advisers LLC Buys 389,509 Shares of Vertiv Holdings Co. (NYSE:VRT)

Locust Wood Capital Advisers LLC increased its stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 47.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,207,062 shares of the company's stock after purchasing an additional 389,509 shares during the period. Vertiv accounts for 2.8% of Locust Wood Capital Advisers LLC's portfolio, making the stock its 17th largest holding. Locust Wood Capital Advisers LLC owned about 0.32% of Vertiv worth $87,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of VRT. Vanguard Group Inc. grew its holdings in shares of Vertiv by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 37,715,159 shares of the company's stock valued at $2,723,034,000 after buying an additional 1,359,070 shares during the period. Northern Trust Corp grew its holdings in shares of Vertiv by 21.9% in the 4th quarter. Northern Trust Corp now owns 2,713,234 shares of the company's stock valued at $308,251,000 after buying an additional 487,909 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Vertiv by 54.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,314,934 shares of the company's stock valued at $263,000,000 after buying an additional 812,389 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Vertiv by 3.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,112,929 shares of the company's stock valued at $240,051,000 after buying an additional 77,859 shares during the period. Finally, New South Capital Management Inc. lifted its position in Vertiv by 1.7% in the 1st quarter. New South Capital Management Inc. now owns 2,110,392 shares of the company's stock valued at $152,370,000 after acquiring an additional 34,643 shares in the last quarter. Institutional investors own 89.92% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Evercore ISI reaffirmed an "outperform" rating on shares of Vertiv in a research report on Thursday, July 10th. Melius Research raised shares of Vertiv from a "hold" rating to a "strong-buy" rating and upped their target price for the company from $134.00 to $165.00 in a report on Tuesday, July 8th. The Goldman Sachs Group reissued a "buy" rating on shares of Vertiv in a report on Friday, July 11th. Morgan Stanley decreased their target price on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Finally, UBS Group increased their target price on shares of Vertiv from $135.00 to $173.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Three equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Vertiv has an average rating of "Moderate Buy" and a consensus target price of $144.06.

Vertiv Price Performance

VRT stock opened at $139.55 on Friday. The company has a fifty day moving average price of $124.99 and a 200-day moving average price of $105.02. The company has a market capitalization of $53.18 billion, a P/E ratio of 66.77, a PEG ratio of 1.23 and a beta of 1.77. Vertiv Holdings Co. has a 52-week low of $53.60 and a 52-week high of $155.84. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.35 and a current ratio of 1.74.

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

Vertiv Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were issued a dividend of $0.0375 per share. This is an increase from Vertiv's previous dividend of $0.01. This represents a dividend yield of 14.0%. The ex-dividend date was Monday, June 16th. Vertiv's dividend payout ratio is 7.18%.

Insider Activity

In related news, EVP Stephen Liang sold 43,683 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the transaction, the executive vice president directly owned 9,551 shares in the company, valued at approximately $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.63% of the stock is owned by corporate 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.

Want to see what other hedge funds are holding VRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vertiv Holdings Co. (NYSE:VRT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.