Oppenheimer Asset Management Inc. Has $1.88 Million Holdings in Vertiv Holdings Co. (NYSE:VRT)

Oppenheimer Asset Management Inc. cut its holdings in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 21.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 26,071 shares of the company's stock after selling 7,149 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Vertiv were worth $1,882,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Massachusetts Financial Services Co. MA bought a new stake in shares of Vertiv during the fourth quarter worth $597,379,000. Norges Bank acquired a new stake in shares of Vertiv in the 4th quarter valued at about $391,777,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Vertiv by 136.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company's stock valued at $379,101,000 after purchasing an additional 1,928,275 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Vertiv by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock worth $4,130,415,000 after buying an additional 1,244,780 shares during the period. Finally, Wellington Management Group LLP grew its holdings in shares of Vertiv by 25.3% during the fourth quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock worth $557,349,000 after buying an additional 990,361 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

Vertiv Stock Performance

VRT traded up $3.68 on Friday, reaching $127.48. The company had a trading volume of 8,953,314 shares, compared to its average volume of 8,628,670. The stock has a market cap of $48.58 billion, a P/E ratio of 74.12, a P/E/G ratio of 1.22 and a beta of 1.73. 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 fifty-two week low of $53.60 and a fifty-two week high of $155.84. The company's fifty day moving average is $103.31 and its 200 day moving average is $103.39.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 revenue was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 earnings per share. As a group, analysts predict that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were given a dividend of $0.0375 per share. This is a boost 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 dividend payout ratio (DPR) is presently 8.72%.

Wall Street Analysts Forecast Growth

Several research firms have commented on VRT. Royal Bank Of Canada initiated coverage on Vertiv in a research note on Friday, March 7th. They issued an "outperform" rating and a $121.00 target price on the stock. The Goldman Sachs Group lifted their price objective on shares of Vertiv from $106.00 to $122.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Wall Street Zen upgraded shares of Vertiv from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 21st. Roth Capital raised shares of Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Finally, KGI Securities started coverage on shares of Vertiv in a research report on Thursday, April 24th. They set a "hold" rating on the stock. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $126.69.

Insider Transactions at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the 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 sale, the insider now directly owns 18,847 shares in the company, valued at $1,777,837.51. This represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the business'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 transaction of $5,059,801.89. Following the completion of the transaction, the executive vice president now owns 9,551 shares of the company's stock, valued at $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. Insiders own 2.63% 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.