PARUS FINANCE UK Ltd Buys Shares of 5,059 Vertiv Holdings Co. (NYSE:VRT)

Key Points

• PARUS FINANCE UK Ltd acquired a new stake in Vertiv Holdings Co., purchasing 5,059 shares valued at approximately $365,000, representing about 0.1% of their investment portfolio.
• In an insider transaction, EVP Stephen Liang sold 43,683 shares for over $5 million, reducing his ownership in the company by 82.06%.
• Vertiv recently increased its dividend to $0.0375 per share, indicating a 14.0% yield, up from the previous dividend of $0.01.

PARUS FINANCE UK Ltd bought a new stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 5,059 shares of the company's stock, valued at approximately $365,000. Vertiv comprises about 0.1% of PARUS FINANCE UK Ltd's investment portfolio, making the stock its 29th largest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Costello Asset Management INC purchased a new position in Vertiv in the first quarter valued at about $325,000. Horizon Family Wealth Inc. grew its stake in Vertiv by 9.5% in the first quarter. Horizon Family Wealth Inc. now owns 3,351 shares of the company's stock valued at $242,000 after purchasing an additional 291 shares during the last quarter. Cary Street Partners Financial LLC purchased a new position in Vertiv during the 1st quarter worth $84,000. Accent Capital Management LLC purchased a new position in Vertiv during the 1st quarter worth $379,000. Finally, Element Pointe Advisors LLC grew its stake in Vertiv by 23.1% during the 1st quarter. Element Pointe Advisors LLC now owns 13,043 shares of the company's stock worth $942,000 after buying an additional 2,450 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Insiders Place Their Bets

In other Vertiv news, EVP Stephen Liang sold 43,683 shares of Vertiv 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 completion of the transaction, the executive vice president owned 9,551 shares of the company's stock, valued at approximately $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the completion of the transaction, the insider directly owned 18,847 shares of the company's stock, 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. 5.01% of the stock is currently owned by insiders.

Vertiv Price Performance

NYSE:VRT opened at $140.17 on Tuesday. Vertiv Holdings Co. has a one year low of $53.60 and a one year high of $155.84. 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 firm has a market cap of $53.42 billion, a price-to-earnings ratio of 67.07, a PEG ratio of 1.25 and a beta of 1.77. The firm's fifty day moving average is $123.19 and its two-hundred day moving average is $104.51.

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, beating the consensus estimate of $0.83 by $0.12. Vertiv had a net margin of 8.93% and a return on equity of 51.64%. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the company earned $0.67 earnings per share. The firm's revenue was up 35.1% on a year-over-year basis. Research analysts expect that Vertiv Holdings Co. will post 3.59 EPS for the current 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 issued a $0.0375 dividend. The ex-dividend date of this dividend was Monday, June 16th. This is a positive change from Vertiv's previous dividend of $0.01. This represents a yield of 14.0%. Vertiv's dividend payout ratio is presently 7.18%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on VRT. UBS Group boosted their target price on Vertiv from $135.00 to $173.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Royal Bank Of Canada boosted their target price on Vertiv from $143.00 to $162.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Roth Mkm began coverage on Vertiv in a research note on Tuesday, April 8th. They set a "buy" rating and a $75.00 target price on the stock. William Blair began coverage on Vertiv in a research note on Monday, July 28th. They set an "outperform" rating on the stock. Finally, Barclays set a $128.00 target price on Vertiv and gave the stock an "equal weight" rating in a research note on Thursday. Three analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $144.06.

Vertiv 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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