National Bank of Canada FI Increases Holdings in Vertiv Holdings Co. (NYSE:VRT)

Key Points

• The National Bank of Canada FI increased its holdings in Vertiv Holdings Co. by 29.9% during the 1st quarter, bringing its total shares to 12,651, valued at approximately $913,000.
• Vertiv recently declared a dividend of $0.0375 per share, which is an increase from its previous dividend of $0.01, indicating a dividend yield of 14.0%.
• Analysts have given Vertiv a consensus rating of "Buy" with an average price target of $144.06, and the company reported earnings exceeding analyst expectations with a 35.1% year-over-year revenue increase.

National Bank of Canada FI boosted its position in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 29.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,651 shares of the company's stock after purchasing an additional 2,911 shares during the period. National Bank of Canada FI's holdings in Vertiv were worth $913,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VRT. GW&K Investment Management LLC acquired a new position in shares of Vertiv during the 1st quarter worth $26,000. North Star Investment Management Corp. raised its position in Vertiv by 4,120.0% during the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock worth $30,000 after acquiring an additional 412 shares during the last quarter. Sachetta LLC lifted its holdings in shares of Vertiv by 242.0% in the first quarter. Sachetta LLC now owns 448 shares of the company's stock valued at $32,000 after purchasing an additional 317 shares in the last quarter. Colonial Trust Co SC lifted its stake in Vertiv by 211.9% in the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company's stock valued at $36,000 after buying an additional 214 shares in the last quarter. Finally, Ameriflex Group Inc. acquired a new stake in Vertiv during the 4th quarter valued at $37,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on VRT. KGI Securities started coverage on Vertiv in a research report on Thursday, April 24th. They issued a "hold" rating on the stock. Mizuho lifted their price target on shares of Vertiv from $125.00 to $150.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. William Blair began coverage on shares of Vertiv in a research report on Monday, July 28th. They set an "outperform" rating on the stock. Morgan Stanley reiterated an "overweight" rating on shares of Vertiv in a research note on Sunday, August 10th. Finally, JPMorgan Chase & Co. raised their price target on Vertiv from $127.00 to $150.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Three research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $144.06.

Vertiv Stock Up 0.3%

Shares of Vertiv stock opened at $132.86 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 0.93. The business has a 50-day moving average price of $128.12 and a 200 day moving average price of $105.20. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $155.84. The firm has a market cap of $50.74 billion, a P/E ratio of 63.57, a P/E/G ratio of 1.17 and a beta of 1.77.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.12. Vertiv had a return on equity of 51.64% and a net margin of 8.93%. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the business earned $0.67 EPS. The business's quarterly revenue was up 35.1% on a year-over-year basis. On average, sell-side 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 declared a dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were issued a $0.0375 dividend. This is a boost from Vertiv's previous dividend of $0.01. The ex-dividend date of this dividend was Monday, June 16th. This represents a dividend yield of 14.0%. Vertiv's dividend payout ratio (DPR) is presently 7.18%.

Insider Transactions at Vertiv

In related news, insider Karsten Winther sold 41,654 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $134.21, for a total value of $5,590,383.34. Following the sale, the insider owned 18,848 shares of the company's stock, valued at approximately $2,529,590.08. This trade represents a 68.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Stephen Liang sold 43,683 shares of the company's stock in a transaction on 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 transaction, the executive vice president owned 9,551 shares of the company's stock, valued at approximately $1,106,292.33. The trade was 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 owned by corporate insiders.

Vertiv 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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