Raleigh Capital Management Inc. Increases Stake in Vertiv Holdings Co. (NYSE:VRT)

Raleigh Capital Management Inc. increased its position in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 570.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,425 shares of the company's stock after buying an additional 3,765 shares during the quarter. Raleigh Capital Management Inc.'s holdings in Vertiv were worth $319,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. TD Private Client Wealth LLC increased its position in shares of Vertiv by 37.5% in the first quarter. TD Private Client Wealth LLC now owns 510 shares of the company's stock valued at $37,000 after acquiring an additional 139 shares during the period. Envestnet Asset Management Inc. increased its holdings in Vertiv by 3.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 480,639 shares of the company's stock valued at $34,702,000 after purchasing an additional 15,104 shares during the period. Penserra Capital Management LLC increased its holdings in Vertiv by 47.0% during the 1st quarter. Penserra Capital Management LLC now owns 34,420 shares of the company's stock valued at $2,484,000 after purchasing an additional 11,000 shares during the period. Cloud Capital Management LLC purchased a new position in Vertiv during the 1st quarter valued at about $59,000. Finally, Sharp Financial Services LLC increased its holdings in Vertiv by 18.5% during the 1st quarter. Sharp Financial Services LLC now owns 4,330 shares of the company's stock valued at $313,000 after purchasing an additional 675 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Stock Performance

Vertiv stock opened at $126.57 on Tuesday. The company has a quick ratio of 1.28, a current ratio of 1.72 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $48.24 billion, a P/E ratio of 73.59, a PEG ratio of 1.27 and a beta of 1.75. The stock's 50 day moving average is $110.06 and its 200 day moving average is $103.37. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last released its 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. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The firm had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the prior year, the firm posted $0.43 earnings per share. The company's quarterly revenue was up 24.2% on a year-over-year basis. On average, equities research analysts predict 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. Investors of record on Tuesday, June 17th were given a dividend of $0.0375 per share. This represents a yield of 0.14%. This is an increase from Vertiv's previous dividend of $0.01. The ex-dividend date was Monday, June 16th. Vertiv's dividend payout ratio is 8.72%.

Insider Activity

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the 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 sale, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Stephen Liang sold 43,683 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $115.83, for a total value of $5,059,801.89. Following the sale, the executive vice president owned 9,551 shares in the company, valued at approximately $1,106,292.33. This represents a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.01% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on VRT shares. Wall Street Zen raised Vertiv from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 21st. The Goldman Sachs Group boosted their price objective on shares of Vertiv from $106.00 to $122.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Evercore ISI reissued an "outperform" rating and set a $150.00 price objective (up from $100.00) on shares of Vertiv in a research report on Tuesday, May 27th. Citigroup boosted their price objective on shares of Vertiv from $98.00 to $130.00 and gave the company a "buy" rating in a research report on Monday, June 16th. Finally, Cowen reiterated a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Vertiv presently has a consensus rating of "Moderate Buy" and an average target price of $126.69.

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.

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