Oak Thistle LLC Takes Position in Vertiv Holdings Co. (NYSE:VRT)

Oak Thistle LLC purchased a new stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 52,842 shares of the company's stock, valued at approximately $3,815,000. Vertiv makes up approximately 0.8% of Oak Thistle LLC's holdings, making the stock its 17th biggest holding.

Other institutional investors also recently modified their holdings of the company. Colonial Trust Co SC lifted its stake in shares of Vertiv by 211.9% during 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. Ameriflex Group Inc. purchased a new stake in shares of Vertiv during the 4th quarter valued at approximately $37,000. GW&K Investment Management LLC purchased a new stake in shares of Vertiv during the 1st quarter valued at approximately $26,000. TD Private Client Wealth LLC lifted its stake in shares of Vertiv by 150.7% during the 4th quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock valued at $42,000 after buying an additional 223 shares in the last quarter. Finally, BNP Paribas purchased a new stake in shares of Vertiv during the 4th quarter valued at approximately $45,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VRT has been the topic of a number of recent research reports. Mizuho upped their price target on shares of Vertiv from $125.00 to $150.00 and gave the company an "outperform" rating in a research note on Wednesday, July 16th. Morgan Stanley lowered their target price on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Melius upgraded shares of Vertiv from a "hold" rating to a "buy" rating and set a $165.00 target price on the stock in a research note on Tuesday, July 8th. Citigroup increased their target price on shares of Vertiv from $130.00 to $149.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Finally, JPMorgan Chase & Co. increased their target price on shares of Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $136.76.

Insiders Place Their Bets

In other Vertiv news, EVP Stephen Liang sold 43,683 shares of the firm's stock in a transaction 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 sale, the executive vice president owned 9,551 shares of the company's stock, valued at $1,106,292.33. This trade represents a 82.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Karsten Winther sold 5,500 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $94.33, for a total transaction of $518,815.00. Following the completion of the sale, the insider directly owned 18,847 shares in the company, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their position. The disclosure for this sale can be found here. 2.63% of the stock is owned by company insiders.

Vertiv Trading Up 5.1%

NYSE:VRT traded up $6.65 during trading hours on Friday, reaching $137.52. The company's stock had a trading volume of 8,225,774 shares, compared to its average volume of 6,826,359. The firm has a market capitalization of $52.41 billion, a price-to-earnings ratio of 79.96, a PEG ratio of 1.30 and a beta of 1.75. The firm has a 50-day simple moving average of $118.59 and a 200-day simple moving average of $104.33. Vertiv Holdings Co. has a 1 year low of $53.60 and a 1 year high of $155.84. 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 (NYSE:VRT - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. The company had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. The firm's revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 EPS. Research analysts expect that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

The firm 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 yield of 0.14%. The ex-dividend date was Monday, June 16th. This is a boost from Vertiv's previous dividend of $0.01. Vertiv's dividend payout ratio (DPR) is presently 8.72%.

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.