Vertiv Holdings Co. (NYSE:VRT) Position Raised by Oak Ridge Investments LLC

Key Points

• Oak Ridge Investments LLC increased its stake in Vertiv Holdings Co. by 228.9%, acquiring an additional 28,612 shares, bringing its total holdings to 41,112 shares valued at approximately $2.97 million.
• Several institutional investors, including Vanguard Group Inc. and UBS Asset Management, have also significantly increased their holdings in Vertiv, with institutional investors now owning 89.92% of the stock.
• Vertiv recently reported earnings per share of $0.95 for the last quarter, surpassing expectations and showing a year-over-year revenue increase of 35.1%.

Oak Ridge Investments LLC lifted its stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 228.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 41,112 shares of the company's stock after purchasing an additional 28,612 shares during the quarter. Oak Ridge Investments LLC's holdings in Vertiv were worth $2,968,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Vertiv by 3.7% in the first quarter. Vanguard Group Inc. now owns 37,715,159 shares of the company's stock valued at $2,723,034,000 after purchasing an additional 1,359,070 shares during the period. Northern Trust Corp boosted its holdings in Vertiv by 21.9% in the fourth quarter. Northern Trust Corp now owns 2,713,234 shares of the company's stock valued at $308,251,000 after purchasing an additional 487,909 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Vertiv by 54.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,314,934 shares of the company's stock valued at $263,000,000 after purchasing an additional 812,389 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Vertiv by 3.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,112,929 shares of the company's stock valued at $240,051,000 after purchasing an additional 77,859 shares during the period. Finally, New South Capital Management Inc. boosted its holdings in Vertiv by 1.7% in the first quarter. New South Capital Management Inc. now owns 2,110,392 shares of the company's stock valued at $152,370,000 after purchasing an additional 34,643 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.

Insider Transactions at Vertiv

In other news, insider Karsten Winther sold 41,654 shares of the company'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 transaction of $5,590,383.34. Following the completion of the transaction, the insider directly owned 18,848 shares of the company's stock, valued at approximately $2,529,590.08. This represents a 68.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the company's stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 9,551 shares of the company's stock, valued at $1,106,292.33. This trade 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 company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VRT. Evercore ISI reiterated an "outperform" rating on shares of Vertiv in a report on Thursday, July 10th. William Blair began coverage on Vertiv in a report on Monday, July 28th. They issued an "outperform" rating for the company. Cowen reiterated a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. The Goldman Sachs Group reiterated a "buy" rating on shares of Vertiv in a report on Friday, July 11th. Finally, Oppenheimer lifted their price target on Vertiv from $140.00 to $151.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Three analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Vertiv has an average rating of "Moderate Buy" and an average price target of $144.06.

Vertiv Stock Down 3.6%

Shares of NYSE VRT traded down $4.95 during midday trading on Thursday, reaching $132.45. 8,116,607 shares of the company's stock were exchanged, compared to its average volume of 7,774,719. Vertiv Holdings Co. has a 52-week low of $53.60 and a 52-week high of $155.84. The stock has a market capitalization of $50.58 billion, a PE ratio of 63.37, a price-to-earnings-growth ratio of 1.21 and a beta of 1.77. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.35 and a current ratio of 1.74. The business's fifty day moving average price is $127.77 and its two-hundred day moving average price is $105.01.

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

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.