Stephens Inc. AR Has $3.45 Million Stock Position in Vertiv Holdings Co. (NYSE:VRT)

Stephens Inc. AR grew its stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 566.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,725 shares of the company's stock after purchasing an additional 40,562 shares during the period. Stephens Inc. AR's holdings in Vertiv were worth $3,446,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of VRT. North Star Investment Management Corp. boosted its stake in Vertiv by 4,120.0% in 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 in the last quarter. Colonial Trust Co SC raised its holdings in shares of Vertiv by 211.9% in the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company's stock valued at $36,000 after buying an additional 214 shares during the last quarter. Ameriflex Group Inc. bought a new position in shares of Vertiv in the fourth quarter valued at about $37,000. TD Private Client Wealth LLC lifted its position in Vertiv by 37.5% during the 1st quarter. TD Private Client Wealth LLC now owns 510 shares of the company's stock worth $37,000 after buying an additional 139 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. bought a new stake in Vertiv during the 1st quarter worth about $43,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 of the company's stock, 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 can be accessed through the SEC website. Also, insider Karsten Winther sold 5,500 shares of the firm'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 transaction, the insider directly owned 18,847 shares of the company's stock, valued at approximately $1,777,837.51. This trade 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 corporate insiders.

Vertiv Trading Down 1.6%

Shares of VRT traded down $1.98 during trading hours on Wednesday, reaching $125.40. The stock had a trading volume of 6,036,798 shares, compared to its average volume of 8,598,159. The company has a market cap of $47.79 billion, a P/E ratio of 72.90, a P/E/G ratio of 1.24 and a beta of 1.75. Vertiv Holdings Co. has a 52 week low of $53.60 and a 52 week high of $155.84. 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 firm has a 50-day moving average of $114.14 and a 200 day moving average of $103.78.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the firm posted $0.43 earnings per share. Vertiv's revenue was up 24.2% compared to the same quarter last year. On average, sell-side analysts expect that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on VRT shares. Roth Mkm initiated coverage on shares of Vertiv in a research note on Tuesday, April 8th. They issued a "buy" rating and a $75.00 target price for the company. Citigroup raised their price target on shares of Vertiv from $130.00 to $149.00 and gave the company a "buy" rating in a report on Monday. Barclays upped their price objective on Vertiv from $90.00 to $110.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. Wolfe Research reissued an "outperform" rating and issued a $155.00 target price on shares of Vertiv in a research note on Thursday, July 10th. Finally, Wall Street Zen upgraded Vertiv from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 21st. 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's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $135.65.

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.