Ring Mountain Capital LLC Acquires 2,146 Shares of Vertiv Holdings Co. (NYSE:VRT)

Ring Mountain Capital LLC increased its stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 38.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,750 shares of the company's stock after buying an additional 2,146 shares during the quarter. Ring Mountain Capital LLC's holdings in Vertiv were worth $560,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA acquired a new position in shares of Vertiv during the fourth quarter worth approximately $597,379,000. Norges Bank bought a new stake in shares of Vertiv during the 4th quarter valued at about $391,777,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Vertiv by 136.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company's stock valued at $379,101,000 after buying an additional 1,928,275 shares in the last quarter. Vanguard Group Inc. increased its stake in Vertiv by 3.5% in the 4th 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. Finally, Wellington Management Group LLP increased its stake in shares of Vertiv by 25.3% during the fourth quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock valued at $557,349,000 after buying an additional 990,361 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Trading Up 0.4%

NYSE:VRT opened at $131.65 on Friday. The stock has a market cap of $50.17 billion, a P/E ratio of 77.10, a P/E/G ratio of 1.25 and a beta of 1.75. 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 1 year low of $53.60 and a 1 year high of $155.84. The stock has a 50-day simple moving average of $115.44 and a 200-day simple moving average of $104.03.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the business posted $0.43 earnings per share. Vertiv's revenue was up 24.2% compared to the same quarter last year. As a group, analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The business 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 an increase 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 dividend payout ratio (DPR) is 8.72%.

Wall Street Analysts Forecast Growth

VRT has been the subject of a number of research reports. Melius Research upgraded Vertiv from a "hold" rating to a "strong-buy" rating and upped their price objective for the company from $134.00 to $165.00 in a research report on Tuesday, July 8th. Bank of America increased their price target on Vertiv from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday. Roth Capital raised Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Citigroup raised their price objective on Vertiv from $130.00 to $149.00 and gave the stock a "buy" rating in a report on Monday. Finally, KGI Securities began coverage on Vertiv in a research note on Thursday, April 24th. They set a "hold" rating on the stock. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $136.76.

Insider Buying and Selling at Vertiv

In related news, EVP Stephen Liang sold 43,683 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the transaction, the executive vice president directly owned 9,551 shares in the company, valued at $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Karsten Winther sold 5,500 shares of the company's stock in a transaction that occurred 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 sale, the insider owned 18,847 shares in the company, valued at approximately $1,777,837.51. This represents a 22.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.63% of the stock is owned by insiders.

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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