PDS Planning Inc Buys New Stake in Vertiv Holdings Co. (NYSE:VRT)

PDS Planning Inc bought a new stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,310 shares of the company's stock, valued at approximately $239,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VRT. Colonial Trust Co SC boosted its position in Vertiv by 211.9% in 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 during the last quarter. Ameriflex Group Inc. purchased a new position in Vertiv in the fourth quarter valued at about $37,000. TD Private Client Wealth LLC grew its stake in 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 purchasing an additional 223 shares in the last quarter. BNP Paribas purchased a new stake in Vertiv during the 4th quarter worth approximately $45,000. Finally, North Star Investment Management Corp. raised its position in shares of Vertiv by 4,120.0% in the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock valued at $30,000 after purchasing an additional 412 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on VRT shares. JPMorgan Chase & Co. lifted their price target 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. Barclays reduced their price objective on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. Citigroup increased their price target on shares of Vertiv from $98.00 to $130.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Morgan Stanley lowered their price objective on Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, Roth Capital raised Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Vertiv has a consensus rating of "Moderate Buy" and an average price target of $126.69.

Insider Activity at Vertiv

In related news, insider Karsten Winther sold 5,500 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the completion of the sale, the insider now owns 18,847 shares of the company's stock, valued at $1,777,837.51. This represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the stock in a transaction dated 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. This represents a 82.06% decrease in their position. The disclosure for this sale can be found here. 2.63% of the stock is owned by insiders.

Vertiv Stock Performance

Shares of VRT opened at $127.48 on Friday. 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 1 year low of $53.60 and a 1 year high of $155.84. The firm has a fifty day moving average of $104.39 and a 200-day moving average of $103.28. The company has a market cap of $48.58 billion, a price-to-earnings ratio of 74.12, a price-to-earnings-growth ratio of 1.28 and a beta of 1.73.

Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the business posted $0.43 EPS. Vertiv's revenue was up 24.2% on a year-over-year basis. As a group, equities analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 17th were issued a $0.0375 dividend. This represents a yield of 0.14%. This is a positive change from Vertiv's previous dividend of $0.01. The ex-dividend date of this dividend was Monday, June 16th. Vertiv's dividend payout ratio is 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.

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