12,202 Shares in Vertiv Holdings Co. (NYSE:VRT) Purchased by Pursue Wealth Partners LLC

Pursue Wealth Partners LLC purchased a new position in Vertiv Holdings Co. (NYSE:VRT - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,202 shares of the company's stock, valued at approximately $881,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in VRT. North Star Investment Management Corp. raised its holdings 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. Tradewinds Capital Management LLC raised its holdings in shares of Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after buying an additional 111 shares during the last quarter. Colonial Trust Co SC raised its holdings in shares of Vertiv by 211.9% in the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after buying an additional 214 shares during the last quarter. Ameriflex Group Inc. purchased a new position in shares of Vertiv in the fourth quarter worth $37,000. Finally, TD Private Client Wealth LLC raised its holdings in shares of Vertiv by 150.7% in the fourth quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock worth $42,000 after buying an additional 223 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Analyst Upgrades and Downgrades

VRT has been the topic of a number of research reports. Roth Mkm initiated coverage on shares of Vertiv in a research note on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price objective on the stock. Cowen reiterated a "buy" rating on shares of Vertiv in a research note on Thursday, April 24th. Wall Street Zen upgraded shares of Vertiv from a "buy" rating to a "strong-buy" rating in a research note on Saturday. KGI Securities initiated coverage on shares of Vertiv in a research note on Thursday, April 24th. They issued a "hold" rating on the stock. Finally, Citigroup increased their price objective on shares of Vertiv from $98.00 to $130.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. 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 company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $126.69.

Insider Activity

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 sale, the insider now owns 18,847 shares in the company, valued at $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 sale, the executive vice president now owns 9,551 shares in the company, 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.

Vertiv Stock Performance

VRT stock traded down $2.01 during midday trading on Monday, hitting $116.53. 8,981,544 shares of the stock traded hands, compared to its average volume of 8,647,658. The firm has a market cap of $44.41 billion, a P/E ratio of 67.75, a PEG ratio of 1.19 and a beta of 1.73. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.72 and a quick ratio of 1.28. The stock's fifty day simple moving average is $100.30 and its 200-day simple moving average is $103.15. Vertiv Holdings Co. has a 1-year low of $53.60 and a 1-year high of $155.84.

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. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the business earned $0.43 earnings per share. The company's revenue for the quarter was up 24.2% compared to the same quarter last year. On average, analysts expect that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

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