Rakuten Securities Inc. Has $537,000 Holdings in Vertiv Holdings Co. (NYSE:VRT)

Rakuten Securities Inc. increased its position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 56.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,442 shares of the company's stock after purchasing an additional 2,685 shares during the quarter. Rakuten Securities Inc.'s holdings in Vertiv were worth $537,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Chicago Capital LLC grew its stake in Vertiv by 4.1% during the 1st quarter. Chicago Capital LLC now owns 114,753 shares of the company's stock valued at $8,285,000 after purchasing an additional 4,467 shares in the last quarter. FNY Investment Advisers LLC lifted its holdings in shares of Vertiv by 118.7% in the 1st quarter. FNY Investment Advisers LLC now owns 656 shares of the company's stock worth $47,000 after purchasing an additional 356 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Vertiv by 3.7% in the 1st quarter. QRG Capital Management Inc. now owns 41,702 shares of the company's stock worth $3,011,000 after purchasing an additional 1,477 shares during the last quarter. Mason & Associates Inc lifted its holdings in shares of Vertiv by 7.7% in the 1st quarter. Mason & Associates Inc now owns 3,256 shares of the company's stock worth $235,000 after purchasing an additional 233 shares during the last quarter. Finally, Highline Wealth Partners LLC lifted its holdings in shares of Vertiv by 2,622.6% in the 1st quarter. Highline Wealth Partners LLC now owns 3,376 shares of the company's stock worth $244,000 after purchasing an additional 3,252 shares during the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VRT. Barclays cut their target price on Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. Roth Mkm initiated coverage on Vertiv in a research note on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price objective on the stock. Roth Capital raised Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Citigroup boosted their target price on Vertiv from $98.00 to $130.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Morgan Stanley lowered their price target on Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $126.69.

Insider Activity

In other news, EVP Stephen Liang sold 43,683 shares of the 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 transaction, the executive vice president now owns 9,551 shares of the company's stock, valued at $1,106,292.33. This represents a 82.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Karsten Winther sold 5,500 shares of the stock in a transaction on 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 now directly owns 18,847 shares in the company, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their position. The disclosure for this sale can be found here. 2.63% of the stock is currently owned by company insiders.

Vertiv Stock Performance

Vertiv stock traded up $2.58 during trading hours on Wednesday, hitting $119.19. The stock had a trading volume of 6,288,672 shares, compared to its average volume of 8,675,970. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $155.84. The company has a market cap of $45.42 billion, a PE ratio of 69.30, a price-to-earnings-growth ratio of 1.21 and a beta of 1.73. The company has a 50-day moving average of $96.45 and a two-hundred day moving average of $103.69. The company has a quick ratio of 1.28, a current ratio of 1.72 and a debt-to-equity ratio of 1.09.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. The business had revenue of $2.04 billion for 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 for the quarter was up 24.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.43 EPS. On average, equities research analysts anticipate that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

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

Vertiv 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.