Vertiv Holdings Co. (NYSE:VRT) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its holdings in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 39.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,073 shares of the company's stock after purchasing an additional 13,119 shares during the period. PNC Financial Services Group Inc.'s holdings in Vertiv were worth $3,326,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Vertiv by 54.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,314,934 shares of the company's stock valued at $263,000,000 after purchasing an additional 812,389 shares in the last quarter. Northern Trust Corp boosted its holdings in Vertiv by 21.9% in the fourth quarter. Northern Trust Corp now owns 2,713,234 shares of the company's stock valued at $308,251,000 after purchasing an additional 487,909 shares in the last quarter. Voloridge Investment Management LLC boosted its holdings in Vertiv by 370.7% in the fourth quarter. Voloridge Investment Management LLC now owns 607,384 shares of the company's stock valued at $69,005,000 after purchasing an additional 478,350 shares in the last quarter. Royal Bank of Canada boosted its holdings in Vertiv by 52.5% in the fourth quarter. Royal Bank of Canada now owns 1,173,242 shares of the company's stock valued at $133,293,000 after purchasing an additional 403,882 shares in the last quarter. Finally, LBP AM SA boosted its holdings in Vertiv by 76.8% in the first quarter. LBP AM SA now owns 864,352 shares of the company's stock valued at $62,406,000 after purchasing an additional 375,510 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other 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 transaction 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 $1,106,292.33. The trade was a 82.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 2.63% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on VRT shares. Roth Capital increased their price objective on Vertiv from $100.00 to $157.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. KGI Securities started coverage on Vertiv in a report on Thursday, April 24th. They issued a "hold" rating for the company. William Blair started coverage on Vertiv in a report on Monday, July 28th. They issued an "outperform" rating for the company. Cowen reissued a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Finally, Melius Research raised Vertiv from a "hold" rating to a "strong-buy" rating and increased their price objective for the company from $134.00 to $165.00 in a report on Tuesday, July 8th. Three analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $144.06.

Vertiv Price Performance

Vertiv stock traded up $0.51 during midday trading on Friday, reaching $139.90. The company's stock had a trading volume of 3,728,787 shares, compared to its average volume of 7,917,655. The firm has a market capitalization of $53.32 billion, a PE ratio of 66.94, a P/E/G ratio of 1.23 and a beta of 1.77. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.35 and a current ratio of 1.74. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $155.84. The stock's 50 day simple moving average is $125.64 and its 200 day simple moving average is $105.00.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.12. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. Vertiv had a return on equity of 51.64% and a net margin of 8.93%. The business's revenue was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.67 EPS. On average, equities research analysts forecast that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were paid a dividend of $0.0375 per share. This is a boost from Vertiv's previous dividend of $0.01. The ex-dividend date of this dividend was Monday, June 16th. This represents a dividend yield of 14.0%. Vertiv's dividend payout ratio is presently 7.18%.

Vertiv Company 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.