Vertiv Holdings Co. (NYSE:VRT) Shares Bought by Praxis Investment Management Inc.

Praxis Investment Management Inc. boosted its holdings in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 59.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,130 shares of the company's stock after purchasing an additional 4,540 shares during the quarter. Praxis Investment Management Inc.'s holdings in Vertiv were worth $876,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VRT. Sound View Wealth Advisors Group LLC bought a new stake in Vertiv in the 4th quarter worth approximately $1,218,000. Schroder Investment Management Group increased its stake in Vertiv by 95.3% in the 4th quarter. Schroder Investment Management Group now owns 1,167,536 shares of the company's stock worth $135,621,000 after acquiring an additional 569,722 shares during the last quarter. Bedell Frazier Investment Counselling LLC bought a new stake in Vertiv in the 4th quarter worth approximately $415,000. Charles Schwab Investment Management Inc. increased its stake in Vertiv by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,746,111 shares of the company's stock worth $198,376,000 after acquiring an additional 45,917 shares during the last quarter. Finally, Ibex Wealth Advisors increased its stake in Vertiv by 10.5% in the 1st quarter. Ibex Wealth Advisors now owns 73,739 shares of the company's stock worth $5,324,000 after acquiring an additional 6,989 shares during the last quarter. Institutional investors own 89.92% of the company's stock.

Vertiv Stock Down 0.3%

NYSE VRT traded down $0.39 on Friday, reaching $118.69. 6,599,208 shares of the stock traded hands, compared to its average volume of 8,645,755. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.28 and a current ratio of 1.72. The company has a fifty day moving average price of $99.40 and a 200-day moving average price of $103.27. The company has a market cap of $45.23 billion, a price-to-earnings ratio of 69.01, a PEG ratio of 1.19 and a beta of 1.73. Vertiv Holdings Co. has a 12 month low of $53.60 and a 12 month high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, beating 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%. Vertiv's revenue was up 24.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 EPS. As a group, research analysts forecast that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th will be given a dividend of $0.0375 per share. The ex-dividend date is Monday, June 16th. This is a positive change from Vertiv's previous dividend of $0.01. This represents a yield of 0.14%. Vertiv's payout ratio is 8.72%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on VRT shares. KGI Securities started coverage on Vertiv in a report on Thursday, April 24th. They issued a "hold" rating for the company. Roth Capital upgraded Vertiv to a "strong-buy" rating in a report on Monday, April 7th. The Goldman Sachs Group lifted their target price on Vertiv from $106.00 to $122.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Morgan Stanley dropped their target price on Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, Evercore ISI reiterated an "outperform" rating and issued a $150.00 target price (up previously from $100.00) on shares of Vertiv in a report on Tuesday, May 27th. 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 stock. According to MarketBeat, Vertiv presently has an average rating of "Moderate Buy" and a consensus target price of $126.69.

Insider Buying and Selling at Vertiv

In related news, insider Karsten Winther sold 5,500 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $94.33, for a total transaction of $518,815.00. Following the completion of the sale, the insider now directly owns 18,847 shares in the company, valued at $1,777,837.51. This represents a 22.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Stephen Liang sold 43,683 shares of the company'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. This trade represents a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.01% of the stock is currently owned by corporate insiders.

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.