Optas LLC Purchases 2,971 Shares of Vertiv Holdings Co (NYSE:VRT)

Optas LLC raised its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 108.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 5,708 shares of the company's stock after purchasing an additional 2,971 shares during the period. Optas LLC's holdings in Vertiv were worth $412,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Empowered Funds LLC lifted its holdings in Vertiv by 67.0% in the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock valued at $1,043,000 after buying an additional 3,682 shares during the period. WASHINGTON TRUST Co raised its position in shares of Vertiv by 35.7% in the 4th quarter. WASHINGTON TRUST Co now owns 760 shares of the company's stock worth $86,000 after acquiring an additional 200 shares in the last quarter. Peregrine Investment Management Inc. acquired a new position in shares of Vertiv in the 4th quarter valued at about $4,225,000. Seascape Capital Management lifted its stake in shares of Vertiv by 2.4% in the 4th quarter. Seascape Capital Management now owns 31,057 shares of the company's stock valued at $3,528,000 after purchasing an additional 734 shares during the period. Finally, bLong Financial LLC bought a new stake in shares of Vertiv during the 4th quarter valued at about $222,000. 89.92% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on VRT shares. Cowen reiterated a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. JPMorgan Chase & Co. raised their price objective on shares of Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Citigroup dropped their target price on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Royal Bank of Canada assumed coverage on shares of Vertiv in a research note on Friday, March 7th. They set an "outperform" rating and a $121.00 target price on the stock. Finally, Morgan Stanley reduced their price target on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $124.69.

Vertiv Stock Performance

Shares of VRT opened at $110.78 on Monday. The firm has a market capitalization of $42.22 billion, a P/E ratio of 86.55, a P/E/G ratio of 1.07 and a beta of 1.73. Vertiv Holdings Co has a 52 week low of $53.60 and a 52 week high of $155.84. The stock has a 50 day moving average price of $94.49 and a two-hundred day moving average price of $103.67. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 61.41% and a net margin of 6.19%. Vertiv's quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.43 earnings per share. Equities analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, June 17th will be given a dividend of $0.0375 per share. This is a positive change from Vertiv's previous dividend of $0.01. This represents a dividend yield of 0.14%. The ex-dividend date of this dividend is Monday, June 16th. Vertiv's dividend payout ratio (DPR) is presently 8.72%.

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.

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