Sapient Capital LLC Acquires Shares of 105,398 Vertiv Holdings Co (NYSE:VRT)

Sapient Capital LLC acquired a new stake in Vertiv Holdings Co (NYSE:VRT - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 105,398 shares of the company's stock, valued at approximately $7,610,000.

A number of other institutional investors have also recently made changes to their positions in VRT. Tradewinds Capital Management LLC increased its stake in shares of Vertiv by 61.3% during 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 period. Pittenger & Anderson Inc. increased its holdings in Vertiv by 92.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock valued at $36,000 after buying an additional 150 shares during the last quarter. Colonial Trust Co SC raised its position in shares of Vertiv by 211.9% during the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after acquiring an additional 214 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in shares of Vertiv during the 4th quarter worth approximately $37,000. Finally, TD Private Client Wealth LLC raised its stake in Vertiv by 150.7% during the 4th quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock worth $42,000 after acquiring an additional 223 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Trading Down 3.2%

Vertiv stock traded down $3.72 during midday trading on Friday, reaching $110.78. The stock had a trading volume of 5,895,502 shares, compared to its average volume of 8,711,218. Vertiv Holdings Co has a twelve month low of $53.60 and a twelve month high of $155.84. The stock has a market capitalization of $42.22 billion, a PE ratio of 86.55, a price-to-earnings-growth ratio of 1.07 and a beta of 1.73. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. The stock's 50-day simple moving average is $94.49 and its 200 day simple moving average is $103.99.

Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The firm had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter last year, the firm earned $0.43 earnings per share. The firm's revenue for the quarter was up 24.2% compared to the same quarter last year. Analysts expect that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th will be paid a dividend of $0.0375 per share. This represents a dividend yield of 0.14%. The ex-dividend date of this dividend is Monday, June 16th. This is a boost from Vertiv's previous dividend of $0.01. Vertiv's payout ratio is currently 8.72%.

Insiders Place Their Bets

In other Vertiv 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 now owns 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 document filed with the SEC, which is available through this hyperlink. Also, insider Karsten Winther sold 5,500 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.33, for a total value of $518,815.00. Following the transaction, the insider now owns 18,847 shares in the company, valued at approximately $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.

Wall Street Analyst Weigh In

VRT has been the subject of a number of research reports. KGI Securities assumed coverage on shares of Vertiv in a report on Thursday, April 24th. They issued a "hold" rating for the company. Roth Mkm assumed coverage on Vertiv in a research report on Tuesday, April 8th. They set a "buy" rating and a $75.00 price objective for the company. The Goldman Sachs Group increased their price target on Vertiv from $106.00 to $122.00 and gave the stock a "buy" rating in a report on Tuesday. Royal Bank of Canada initiated coverage on shares of Vertiv in a research note on Friday, March 7th. They issued an "outperform" rating and a $121.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised their price objective on shares of Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Vertiv presently has a consensus rating of "Moderate Buy" and an average price target of $124.69.

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.