Perpetual Ltd Has $15.33 Million Holdings in Vertiv Holdings Co. (NYSE:VRT)

Perpetual Ltd lifted its holdings in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 1,955.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 212,306 shares of the company's stock after purchasing an additional 201,976 shares during the period. Perpetual Ltd owned 0.06% of Vertiv worth $15,328,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. North Star Investment Management Corp. lifted its position in shares of Vertiv by 4,120.0% in the first 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 last quarter. Colonial Trust Co SC raised its stake in shares of 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 acquiring an additional 214 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in Vertiv in the 4th quarter worth approximately $37,000. TD Private Client Wealth LLC boosted its position in Vertiv by 150.7% during the fourth quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock worth $42,000 after purchasing an additional 223 shares during the period. Finally, Mizuho Securities Co. Ltd. acquired a new position in Vertiv during the first quarter valued at approximately $43,000. 89.92% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Stephen Liang sold 43,683 shares of the business's 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 sale, the executive vice president now owns 9,551 shares of the company's stock, valued at $1,106,292.33. The trade was a 82.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Karsten Winther sold 5,500 shares of the 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 transaction, 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 disclosure for this sale can be found here. Corporate insiders own 2.63% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Wall Street Zen raised shares of Vertiv from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 21st. Barclays cut their target price on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. The Goldman Sachs Group raised their price target on Vertiv from $106.00 to $122.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. JPMorgan Chase & Co. boosted their price objective on Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Finally, Roth Capital raised Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Five equities research 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 stock. According to data from MarketBeat, Vertiv currently has an average rating of "Moderate Buy" and an average price target of $126.69.

Vertiv Stock Performance

Shares of NYSE VRT traded up $3.68 during trading hours on Friday, reaching $127.48. The stock had a trading volume of 8,953,314 shares, compared to its average volume of 8,628,679. The company has a market cap of $48.58 billion, a price-to-earnings ratio of 74.12, a PEG ratio of 1.22 and a beta of 1.73. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $155.84. The business's fifty day moving average is $103.31 and its two-hundred day moving average is $103.39. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.72 and a quick ratio of 1.28.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. The business's revenue was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.43 EPS. As a group, research analysts expect that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

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