Vertiv Holdings Co. (NYSE:VRT) Shares Bought by Sargent Investment Group LLC

Sargent Investment Group LLC increased its position in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 35.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,244 shares of the company's stock after buying an additional 3,691 shares during the period. Sargent Investment Group LLC's holdings in Vertiv were worth $1,028,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VRT. Corient Private Wealth LLC raised its position in Vertiv by 94.7% during the fourth quarter. Corient Private Wealth LLC now owns 28,872 shares of the company's stock valued at $3,280,000 after purchasing an additional 14,042 shares during the period. Generali Asset Management SPA SGR bought a new position in Vertiv in the fourth quarter worth approximately $100,000. Royal London Asset Management Ltd. grew its stake in Vertiv by 25.4% in the fourth quarter. Royal London Asset Management Ltd. now owns 152,843 shares of the company's stock worth $17,364,000 after purchasing an additional 30,911 shares in the last quarter. iA Global Asset Management Inc. grew its stake in Vertiv by 33.0% in the fourth quarter. iA Global Asset Management Inc. now owns 16,980 shares of the company's stock worth $1,929,000 after purchasing an additional 4,217 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its stake in Vertiv by 150.7% in the fourth quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock worth $42,000 after purchasing an additional 223 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VRT. Bank of America increased their price objective on Vertiv from $140.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday. Wall Street Zen raised Vertiv from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 21st. Roth Capital raised Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. KGI Securities assumed coverage on Vertiv in a research note on Thursday, April 24th. They issued a "hold" rating on the stock. Finally, Morgan Stanley dropped their target price on Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $136.76.

Vertiv Stock Down 1.5%

Shares of VRT traded down $1.94 during midday trading on Friday, hitting $129.18. 5,779,897 shares of the company's stock traded hands, compared to its average volume of 8,560,204. Vertiv Holdings Co. has a 1 year low of $53.60 and a 1 year high of $155.84. The firm's fifty day moving average is $116.14 and its 200-day moving average is $104.07. The company has a current ratio of 1.72, a quick ratio of 1.28 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $49.23 billion, a price-to-earnings ratio of 42.18, a price-to-earnings-growth ratio of 1.28 and a beta of 1.75.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, beating 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 firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the business posted $0.43 EPS. The business's revenue for the quarter was up 24.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

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

Insiders Place Their Bets

In related news, EVP Stephen Liang sold 43,683 shares of the firm's 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 completion of the transaction, the executive vice president owned 9,551 shares in the company, valued at $1,106,292.33. This trade represents a 82.06% decrease in their position. 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 firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $94.33, for a total value of $518,815.00. Following the completion of the transaction, the insider owned 18,847 shares of the company's stock, valued at $1,777,837.51. This trade represents a 22.59% decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.01% of the company's stock.

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.