Morse Asset Management Inc Buys 4,914 Shares of Vertiv Holdings Co. (NYSE:VRT)

Morse Asset Management Inc increased its stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 21.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,287 shares of the company's stock after purchasing an additional 4,914 shares during the period. Morse Asset Management Inc's holdings in Vertiv were worth $2,042,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Schroder Investment Management Group grew its position in Vertiv by 95.3% in the fourth quarter. Schroder Investment Management Group now owns 1,167,536 shares of the company's stock valued at $135,621,000 after acquiring an additional 569,722 shares during the last quarter. Bedell Frazier Investment Counselling LLC bought a new stake in shares of Vertiv during the fourth quarter worth about $415,000. Ibex Wealth Advisors grew its holdings in shares of Vertiv by 10.5% during the first quarter. Ibex Wealth Advisors now owns 73,739 shares of the company's stock worth $5,324,000 after purchasing an additional 6,989 shares during the last quarter. Gallo Partners LP bought a new stake in shares of Vertiv during the fourth quarter worth about $1,826,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in shares of Vertiv during the fourth quarter worth about $597,379,000. Institutional investors own 89.92% of the company's stock.

Insider Transactions at Vertiv

In other 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 completion of the sale, the insider owned 18,847 shares of the company's stock, valued at $1,777,837.51. This represents a 22.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $5,059,801.89. Following the sale, the executive vice president directly 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 disclosure for this sale can be found here. 2.63% of the stock is currently owned by insiders.

Vertiv Stock Performance

Shares of Vertiv stock opened at $129.18 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.28 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $49.23 billion, a P/E ratio of 75.10, a P/E/G ratio of 1.28 and a beta of 1.75. The business has a fifty day simple moving average of $116.14 and a two-hundred day simple moving average of $104.07. Vertiv Holdings Co. has a 12 month low of $53.60 and a 12 month high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The business had revenue of $2.04 billion during 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 company's revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 earnings per share. On average, equities analysts forecast that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently commented on VRT. Wall Street Zen upgraded Vertiv from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 21st. Morgan Stanley reduced their target price on Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. UBS Group reiterated a "buy" rating on shares of Vertiv in a report on Friday, July 11th. Roth Capital upgraded Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Vertiv in a research note on Friday, July 11th. Three investment 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 company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $136.76.

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.

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