Riposte Capital LLC Acquires 60,000 Shares of Vertiv Holdings Co. (NYSE:VRT)

Key Points

• Riposte Capital LLC increased its stake in Vertiv Holdings Co. by 54.5%, acquiring an additional 60,000 shares to reach a total of 170,000 shares, making it the firm's fourth largest position.
• Vertiv reported a 24.2% year-over-year increase in revenue for the last quarter, reaching $2.04 billion, and exceeded earnings expectations with an EPS of $0.64.
• Vertiv recently announced an increase in its dividend to $0.0375 per share, reflecting a dividend yield of 0.14% and a payout ratio of 8.72%.

Riposte Capital LLC raised its stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 54.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 170,000 shares of the company's stock after buying an additional 60,000 shares during the period. Vertiv makes up 2.2% of Riposte Capital LLC's portfolio, making the stock its 4th biggest position. Riposte Capital LLC's holdings in Vertiv were worth $12,274,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of VRT. GW&K Investment Management LLC purchased a new position in shares of Vertiv in the first quarter worth approximately $26,000. North Star Investment Management Corp. boosted its holdings in shares of Vertiv by 4,120.0% during the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock worth $30,000 after purchasing an additional 412 shares during the period. Sachetta LLC boosted its holdings in shares of Vertiv by 242.0% during the first quarter. Sachetta LLC now owns 448 shares of the company's stock worth $32,000 after purchasing an additional 317 shares during the period. Colonial Trust Co SC boosted its holdings in shares of Vertiv by 211.9% during the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after purchasing an additional 214 shares during the period. Finally, Ameriflex Group Inc. acquired a new stake in shares of Vertiv during the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Stock Performance

Vertiv stock traded up $6.65 on Friday, hitting $137.52. The company's stock had a trading volume of 8,225,774 shares, compared to its average volume of 6,826,359. The firm has a market cap of $52.41 billion, a P/E ratio of 79.96, a price-to-earnings-growth ratio of 1.30 and a beta of 1.75. 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 fifty day moving average price of $118.59 and a 200-day moving average price of $104.33. Vertiv Holdings Co. has a one year low of $53.60 and a one year high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly 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 analyst estimates of $1.94 billion. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. The business's revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 EPS. On average, equities analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were paid a $0.0375 dividend. This represents a dividend yield of 0.14%. The ex-dividend date of this dividend was Monday, June 16th. This is an increase from Vertiv's previous dividend of $0.01. Vertiv's payout ratio is currently 8.72%.

Insider Buying and Selling at Vertiv

In other news, EVP Stephen Liang sold 43,683 shares of the business's 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. The trade was a 82.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Karsten Winther sold 5,500 shares of the business's stock in a transaction 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 completion of the sale, the insider owned 18,847 shares in the company, valued at $1,777,837.51. This 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 insiders.

Analysts Set New Price Targets

VRT has been the subject of several research reports. Roth Mkm initiated coverage on shares of Vertiv in a report on Tuesday, April 8th. They set a "buy" rating and a $75.00 price target for the company. UBS Group reiterated a "buy" rating on shares of Vertiv in a research note on Friday, July 11th. Mizuho lifted their target price on shares of Vertiv from $125.00 to $150.00 and gave the company an "outperform" rating in a research note on Wednesday, July 16th. Cowen reiterated a "buy" rating on shares of Vertiv in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Three investment 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. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $136.76.

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.