Vertiv Holdings Co. (NYSE:VRT) Shares Bought by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC grew its position in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 11.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,242 shares of the company's stock after acquiring an additional 2,234 shares during the period. Mezzasalma Advisors LLC's holdings in Vertiv were worth $1,606,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in VRT. North Star Investment Management Corp. raised its holdings in Vertiv by 4,120.0% in the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock valued at $30,000 after acquiring an additional 412 shares during the last quarter. Tradewinds Capital Management LLC lifted its stake in Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after purchasing an additional 111 shares in the last quarter. Pittenger & Anderson Inc. boosted its holdings in Vertiv by 92.0% during the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock valued at $36,000 after acquiring an additional 150 shares during the period. Colonial Trust Co SC boosted its stake in shares of Vertiv by 211.9% in the fourth 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 period. Finally, Ameriflex Group Inc. acquired a new position in shares of Vertiv in the fourth quarter worth $37,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VRT. Roth Capital raised Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Cowen reiterated a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. JPMorgan Chase & Co. upped their price target on shares of Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Royal Bank Of Canada started coverage on Vertiv in a research report on Friday, March 7th. They set an "outperform" rating and a $121.00 price objective for the company. Finally, Citigroup lifted their target price on shares of Vertiv from $98.00 to $130.00 and gave the company a "buy" rating in a report on Monday. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $126.69.

Insider Activity at Vertiv

In other news, EVP Stephen Liang sold 43,683 shares of the company's stock in a transaction dated 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 now owns 9,551 shares in the company, valued at approximately $1,106,292.33. This represents a 82.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Karsten Winther sold 5,500 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at $1,777,837.51. This trade represents a 22.59% 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.

Vertiv Price Performance

NYSE VRT traded up $2.58 during trading hours on Wednesday, reaching $119.19. The company's stock had a trading volume of 6,288,672 shares, compared to its average volume of 8,687,021. The company's 50-day moving average is $96.45 and its two-hundred day moving average is $103.69. The stock has a market cap of $45.42 billion, a PE ratio of 69.30, a PEG ratio of 1.21 and a beta of 1.73. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $155.84. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.28 and a current ratio of 1.72.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 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 return on equity of 56.01% and a net margin of 7.92%. The business's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 earnings per share. Analysts forecast that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th will be issued a dividend of $0.0375 per share. This represents a dividend yield of 0.14%. This is an increase from Vertiv's previous dividend of $0.01. The ex-dividend date of this dividend is Monday, June 16th. Vertiv's dividend payout ratio 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.