Penserra Capital Management LLC Grows Stake in Vertiv Holdings Co. (NYSE:VRT)

Penserra Capital Management LLC grew its holdings in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 47.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 34,420 shares of the company's stock after buying an additional 11,000 shares during the quarter. Penserra Capital Management LLC's holdings in Vertiv were worth $2,484,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of VRT. North Star Investment Management Corp. lifted its holdings in Vertiv by 4,120.0% in the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock worth $30,000 after buying an additional 412 shares during the period. Colonial Trust Co SC lifted its holdings in Vertiv by 211.9% in the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after buying an additional 214 shares during the period. Ameriflex Group Inc. purchased a new position in shares of Vertiv in the 4th quarter valued at approximately $37,000. TD Private Client Wealth LLC lifted its stake in shares of Vertiv by 150.7% in 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 during the period. Finally, Mizuho Securities Co. Ltd. purchased a new position in shares of Vertiv in the 1st quarter valued at approximately $43,000. Hedge funds and other institutional investors own 89.92% of the company's stock.

Vertiv Stock Down 1.0%

Vertiv stock opened at $126.57 on Tuesday. The firm has a market cap of $48.24 billion, a price-to-earnings ratio of 73.59, a PEG ratio of 1.27 and a beta of 1.75. The stock has a fifty day simple moving average of $110.06 and a two-hundred day simple moving average of $103.37. Vertiv Holdings Co. has a 12 month low of $53.60 and a 12 month high of $155.84. The company has a current ratio of 1.72, a quick ratio of 1.28 and a debt-to-equity ratio of 1.09.

Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 56.01% and a net margin of 7.92%. The company's quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 EPS. Equities analysts predict that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were issued a $0.0375 dividend. This is a positive change from Vertiv's previous dividend of $0.01. The ex-dividend date was Monday, June 16th. This represents a dividend yield of 0.14%. Vertiv's dividend payout ratio (DPR) is presently 8.72%.

Insider Buying and Selling at Vertiv

In related news, EVP Stephen Liang sold 43,683 shares of Vertiv stock in a transaction on Friday, June 6th. The stock was sold at an average price of $115.83, for a total value of $5,059,801.89. Following the completion of the sale, the executive vice president owned 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction 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 sale, 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. Insiders own 5.01% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. The Goldman Sachs Group raised their target price on Vertiv from $106.00 to $122.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Cowen restated a "buy" rating on shares of Vertiv in a research note on Thursday, April 24th. JPMorgan Chase & Co. raised their target price on Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Citigroup raised their target price on Vertiv from $98.00 to $130.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Finally, Roth Mkm assumed coverage on Vertiv in a research note on Tuesday, April 8th. They issued a "buy" rating and a $75.00 target price for the company. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $126.69.

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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