Prevail Innovative Wealth Advisors LLC Acquires New Position in Vertiv Holdings Co. (NYSE:VRT)

Prevail Innovative Wealth Advisors LLC acquired a new stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 67,388 shares of the company's stock, valued at approximately $4,865,000. Vertiv accounts for 1.3% of Prevail Innovative Wealth Advisors LLC's holdings, making the stock its 23rd largest holding.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Vertiv by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock worth $4,130,415,000 after purchasing an additional 1,244,780 shares during the period. Geode Capital Management LLC raised its holdings in Vertiv by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock worth $688,260,000 after purchasing an additional 99,181 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in Vertiv in the fourth quarter worth $597,379,000. Wellington Management Group LLP raised its holdings in Vertiv by 25.3% in the fourth quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock worth $557,349,000 after purchasing an additional 990,361 shares during the period. Finally, Clearbridge Investments LLC raised its holdings in Vertiv by 4.8% in the fourth quarter. Clearbridge Investments LLC now owns 3,647,326 shares of the company's stock worth $414,373,000 after purchasing an additional 167,061 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Vertiv

In other news, insider Karsten Winther sold 5,500 shares of Vertiv 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 transaction, the insider owned 18,847 shares of the company's stock, valued at $1,777,837.51. This trade represents a 22.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Stephen Liang sold 43,683 shares of Vertiv 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 directly owned 9,551 shares of the company's stock, valued at approximately $1,106,292.33. This trade represents a 82.06% decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.01% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on VRT. Wall Street Zen upgraded shares of Vertiv from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 21st. Evercore ISI reiterated an "outperform" rating on shares of Vertiv in a report on Thursday. Morgan Stanley cut their target price on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Barclays increased their price objective on shares of Vertiv from $90.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. Finally, Cowen reissued a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $135.35.

Vertiv Stock Up 1.2%

Vertiv stock opened at $124.77 on Tuesday. The company has a market cap of $47.55 billion, a P/E ratio of 72.54, a price-to-earnings-growth ratio of 1.23 and a beta of 1.75. Vertiv Holdings Co. has a 1-year low of $53.60 and a 1-year high of $155.84. The company has a fifty day simple moving average of $113.46 and a 200 day simple moving average of $103.61. 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 released 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 the consensus estimate of $1.94 billion. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. The firm's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 earnings per share. Research analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were given a $0.0375 dividend. This represents a dividend yield of 0.14%. The ex-dividend date of this dividend was Monday, June 16th. This is an increase from Vertiv's previous dividend of $0.01. Vertiv's dividend payout ratio (DPR) 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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