Pallas Capital Advisors LLC Acquires 3,292 Shares of Vertiv Holdings Co (NYSE:VRT)

Pallas Capital Advisors LLC grew its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 61.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,669 shares of the company's stock after acquiring an additional 3,292 shares during the quarter. Pallas Capital Advisors LLC's holdings in Vertiv were worth $626,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of VRT. Prestige Wealth Management Group LLC raised its holdings in Vertiv by 2.4% during the fourth quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company's stock worth $420,000 after buying an additional 85 shares during the last quarter. Horizon Investment Services LLC boosted its position in shares of Vertiv by 4.1% during the fourth quarter. Horizon Investment Services LLC now owns 2,410 shares of the company's stock valued at $274,000 after buying an additional 95 shares during the last quarter. Focus Partners Advisor Solutions LLC grew its holdings in Vertiv by 3.1% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company's stock worth $367,000 after buying an additional 97 shares in the last quarter. Utah Retirement Systems raised its position in Vertiv by 0.3% in the 4th quarter. Utah Retirement Systems now owns 39,300 shares of the company's stock valued at $4,465,000 after buying an additional 100 shares during the last quarter. Finally, Wahed Invest LLC lifted its stake in Vertiv by 1.2% during the 4th quarter. Wahed Invest LLC now owns 8,798 shares of the company's stock valued at $1,000,000 after acquiring an additional 105 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Trading Down 3.2%

Shares of NYSE VRT traded down $3.70 during mid-day trading on Friday, hitting $110.81. The stock had a trading volume of 3,672,352 shares, compared to its average volume of 8,706,306. The firm has a market cap of $42.23 billion, a P/E ratio of 86.72, a price-to-earnings-growth ratio of 1.07 and a beta of 1.73. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The business has a 50 day moving average price of $93.54 and a two-hundred day moving average price of $104.14. Vertiv Holdings Co has a 1 year low of $53.60 and a 1 year high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The company's revenue for the quarter was up 24.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 EPS. On average, equities analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Stephen Liang sold 43,683 shares of the company's stock in a transaction dated 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 now owns 9,551 shares in the company, valued at $1,106,292.33. The trade was a 82.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction dated 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 transaction, the insider now directly owns 18,847 shares of the company's stock, valued at $1,777,837.51. This trade represents a 22.59% 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 insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on VRT shares. Citigroup lowered their target price on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a report on Monday, April 14th. Morgan Stanley dropped their target price on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. JPMorgan Chase & Co. boosted their target price on Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Evercore ISI reaffirmed an "outperform" rating and set a $150.00 price target (up from $100.00) on shares of Vertiv in a research report on Tuesday, May 27th. Finally, Cowen reissued a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $124.69.

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.