Vertiv Holdings Co. (NYSE:VRT) Shares Sold by Spire Wealth Management

Spire Wealth Management reduced its position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 66.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,654 shares of the company's stock after selling 5,348 shares during the period. Spire Wealth Management's holdings in Vertiv were worth $192,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in VRT. North Star Investment Management Corp. increased its position 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 buying an additional 412 shares during the period. Colonial Trust Co SC grew its holdings in 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 during the period. Ameriflex Group Inc. bought a new position in shares of Vertiv in the 4th quarter worth about $37,000. TD Private Client Wealth LLC lifted its stake in shares of Vertiv by 150.7% in the 4th quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock valued at $42,000 after purchasing an additional 223 shares during the period. Finally, Mizuho Securities Co. Ltd. acquired a new position in shares of Vertiv in the 1st quarter valued at about $43,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Insider Buying and Selling

In other news, EVP Stephen Liang sold 43,683 shares of Vertiv stock in a transaction on 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 completion of the sale, the executive vice president directly owned 9,551 shares in the company, valued at approximately $1,106,292.33. This trade represents a 82.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction dated 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 of the company's stock, valued at $1,777,837.51. The trade was a 22.59% 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 Upgrades and Downgrades

Several equities analysts have recently weighed in on VRT shares. Barclays dropped their price objective on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. Roth Mkm initiated coverage on Vertiv in a research note on Tuesday, April 8th. They set a "buy" rating and a $75.00 price target on the stock. Evercore ISI reissued an "outperform" rating and issued a $150.00 price objective (up previously from $100.00) on shares of Vertiv in a research note on Tuesday, May 27th. Citigroup boosted their price objective on Vertiv from $98.00 to $130.00 and gave the company a "buy" rating in a report on Monday, June 16th. Finally, Wall Street Zen upgraded Vertiv from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 21st. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $126.69.

Vertiv Stock Performance

NYSE VRT traded down $5.87 on Tuesday, hitting $122.54. 8,720,512 shares of the company traded hands, compared to its average volume of 9,729,300. The business's 50 day moving average price is $105.61 and its 200-day moving average price is $103.14. Vertiv Holdings Co. has a 52-week low of $53.60 and a 52-week high of $155.84. 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 company has a market capitalization of $46.70 billion, a price-to-earnings ratio of 71.24, a P/E/G ratio of 1.28 and a beta of 1.73.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. The business had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The business's quarterly revenue was up 24.2% on a year-over-year basis. During the same period last year, the firm earned $0.43 earnings per share. Equities analysts expect 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 issued 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 a positive change from Vertiv's previous dividend of $0.01. Vertiv's dividend payout ratio (DPR) is 8.72%.

Vertiv 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.