Vertiv Holdings Co. (NYSE:VRT) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. cut its stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 16.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 98,765 shares of the company's stock after selling 19,984 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Vertiv were worth $7,131,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. North Star Investment Management Corp. grew its holdings in shares of Vertiv by 4,120.0% during the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock valued at $30,000 after purchasing an additional 412 shares during the last quarter. Colonial Trust Co SC boosted its position in Vertiv by 211.9% during the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company's stock valued at $36,000 after buying an additional 214 shares during the period. Ameriflex Group Inc. bought a new position in shares of Vertiv during the fourth quarter valued at about $37,000. TD Private Client Wealth LLC increased its holdings in shares of Vertiv by 150.7% in the fourth quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock worth $42,000 after buying an additional 223 shares during the period. Finally, Mizuho Securities Co. Ltd. purchased a new position in shares of Vertiv in the first quarter worth about $43,000. Institutional investors own 89.92% of the company's stock.

Insider Transactions at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the firm'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 transaction of $518,815.00. Following the completion of the transaction, the insider directly owned 18,847 shares of the company's stock, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Stephen Liang sold 43,683 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $115.83, for a total value of $5,059,801.89. Following the sale, the executive vice president directly owned 9,551 shares in the company, valued at $1,106,292.33. This represents a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.63% of the stock is currently owned by corporate insiders.

Vertiv Stock Up 2.9%

NYSE VRT traded up $3.59 during midday trading on Friday, hitting $127.92. 4,003,595 shares of the company traded hands, compared to its average volume of 8,540,647. 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 company has a market cap of $48.75 billion, a PE ratio of 74.37, a price-to-earnings-growth ratio of 1.27 and a beta of 1.75. Vertiv Holdings Co. has a 52 week low of $53.60 and a 52 week high of $155.84. The company's 50-day simple moving average is $108.43 and its 200-day simple moving average is $103.44.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the firm earned $0.43 earnings per share. Vertiv's revenue was up 24.2% 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. Investors of record on Tuesday, June 17th were given a $0.0375 dividend. 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 was Monday, June 16th. Vertiv's dividend payout ratio is presently 8.72%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Cowen reiterated a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Roth Mkm assumed coverage on shares of Vertiv in a report on Tuesday, April 8th. They set a "buy" rating and a $75.00 target price for the company. Citigroup raised their target price on Vertiv from $98.00 to $130.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. KGI Securities began coverage on Vertiv in a research report on Thursday, April 24th. They set a "hold" rating for the company. Finally, Royal Bank Of Canada started coverage on Vertiv in a research report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $126.69.

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.