Mosaic Advisors LLC Invests $641,000 in Vertiv Holdings Co. (NYSE:VRT)

Mosaic Advisors LLC bought a new stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,880 shares of the company's stock, valued at approximately $641,000. Vertiv comprises 1.0% of Mosaic Advisors LLC's portfolio, making the stock its 6th biggest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. Corient Private Wealth LLC increased its position in Vertiv by 94.7% during the fourth quarter. Corient Private Wealth LLC now owns 28,872 shares of the company's stock worth $3,280,000 after buying an additional 14,042 shares during the last quarter. Generali Asset Management SPA SGR acquired a new position in Vertiv during the fourth quarter worth approximately $100,000. Royal London Asset Management Ltd. increased its position in Vertiv by 25.4% during the fourth quarter. Royal London Asset Management Ltd. now owns 152,843 shares of the company's stock worth $17,364,000 after buying an additional 30,911 shares during the last quarter. iA Global Asset Management Inc. increased its position in Vertiv by 33.0% during the fourth quarter. iA Global Asset Management Inc. now owns 16,980 shares of the company's stock worth $1,929,000 after buying an additional 4,217 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its position in Vertiv by 150.7% during 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 last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Wall Street Analyst Weigh In

VRT has been the topic of a number of recent analyst reports. Melius raised Vertiv from a "hold" rating to a "buy" rating and set a $165.00 price target on the stock in a research report on Tuesday, July 8th. KGI Securities initiated coverage on Vertiv in a report on Thursday, April 24th. They set a "hold" rating for the company. Mizuho set a $150.00 price objective on Vertiv and gave the stock an "outperform" rating in a report on Wednesday. Roth Capital upgraded Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Finally, Cowen restated a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $136.76.

Vertiv Trading Down 1.5%

Shares of VRT stock traded down $1.94 on Friday, hitting $129.18. The company had a trading volume of 5,779,897 shares, compared to its average volume of 8,560,204. The firm has a market cap of $49.23 billion, a P/E ratio of 42.18, a P/E/G ratio of 1.28 and a beta of 1.75. The stock's 50-day moving average is $116.14 and its two-hundred day moving average is $104.07. 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 Holdings Co. has a twelve month low of $53.60 and a twelve month high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly 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. The company had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The business's quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 earnings per share. On average, equities research analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal 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 dividend of $0.0375 per share. This is an increase from Vertiv's previous dividend of $0.01. This represents a yield of 0.14%. The ex-dividend date of this dividend was Monday, June 16th. Vertiv's dividend payout ratio (DPR) is presently 8.72%.

Insider Transactions at Vertiv

In other Vertiv news, 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 transaction of $5,059,801.89. Following the completion of the sale, the executive vice president directly owned 9,551 shares in the company, valued at approximately $1,106,292.33. This trade represents a 82.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Karsten Winther sold 5,500 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.33, for a total value of $518,815.00. Following the sale, the insider owned 18,847 shares of the company's stock, valued at approximately $1,777,837.51. The trade was a 22.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.01% of the company's stock.

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.