Vertiv Holdings Co. (NYSE:VRT) Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC grew its stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 70.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,064 shares of the company's stock after purchasing an additional 36,492 shares during the quarter. Private Advisor Group LLC's holdings in Vertiv were worth $6,358,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in VRT. Prestige Wealth Management Group LLC increased its stake in shares of Vertiv by 2.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company's stock worth $420,000 after acquiring an additional 85 shares during the last quarter. Horizon Investment Services LLC grew its position in Vertiv by 4.1% in the 4th quarter. Horizon Investment Services LLC now owns 2,410 shares of the company's stock valued at $274,000 after acquiring an additional 95 shares in the last quarter. Focus Partners Advisor Solutions LLC grew its position in Vertiv by 3.1% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company's stock valued at $367,000 after acquiring an additional 97 shares in the last quarter. Utah Retirement Systems boosted its stake in shares of Vertiv by 0.3% in the 4th quarter. Utah Retirement Systems now owns 39,300 shares of the company's stock valued at $4,465,000 after buying an additional 100 shares during the period. Finally, Wahed Invest LLC boosted its stake in shares of Vertiv by 1.2% in the 4th quarter. Wahed Invest LLC now owns 8,798 shares of the company's stock valued at $1,000,000 after buying an additional 105 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on VRT. Evercore ISI reiterated an "outperform" rating on shares of Vertiv in a research note on Thursday, July 10th. JPMorgan Chase & Co. upped their target price on Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a report on Friday, May 16th. UBS Group reaffirmed a "buy" rating on shares of Vertiv in a research note on Friday, July 11th. Bank of America increased their target price on Vertiv from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Finally, Citigroup raised their target price on Vertiv from $130.00 to $149.00 and gave the company a "buy" rating in a report on Monday, July 14th. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $136.76.

Vertiv Stock Performance

Shares of VRT stock traded down $0.51 during mid-day trading on Thursday, reaching $129.68. 1,696,481 shares of the company's stock traded hands, compared to its average volume of 9,402,025. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.28 and a current ratio of 1.72. Vertiv Holdings Co. has a 12 month low of $53.60 and a 12 month high of $155.84. The firm has a 50 day moving average price of $117.46 and a two-hundred day moving average price of $104.31. The firm has a market capitalization of $49.42 billion, a PE ratio of 75.55, a price-to-earnings-growth ratio of 1.24 and a beta of 1.75.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. The firm had revenue of $2.04 billion for 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% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 EPS. On average, research analysts forecast that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, June 26th. Investors 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 of this dividend was Monday, June 16th. This represents a dividend yield of 0.14%. Vertiv's payout ratio is presently 8.72%.

Insider Buying and Selling

In other news, insider Karsten Winther sold 5,500 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the transaction, the insider directly owned 18,847 shares in the company, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Stephen Liang sold 43,683 shares of the stock in a transaction that occurred on 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 sale, the executive vice president directly 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 disclosure for this sale can be found here. 2.63% of the stock is currently owned by 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.