Stonebridge Financial Group LLC Increases Holdings in Vertiv Holdings Co. (NYSE:VRT)

Stonebridge Financial Group LLC grew its holdings in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 8.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,079 shares of the company's stock after purchasing an additional 2,211 shares during the quarter. Stonebridge Financial Group LLC's holdings in Vertiv were worth $2,100,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in VRT. Colonial Trust Co SC increased its holdings in Vertiv by 211.9% in 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 last quarter. Ameriflex Group Inc. purchased a new stake in Vertiv in the 4th quarter worth about $37,000. TD Private Client Wealth LLC increased its holdings in Vertiv by 150.7% in 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 during the last quarter. BNP Paribas purchased a new stake in Vertiv in the 4th quarter worth about $45,000. Finally, North Star Investment Management Corp. increased its holdings in Vertiv by 4,120.0% in the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock worth $30,000 after acquiring an additional 412 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on VRT shares. Royal Bank Of Canada started coverage on Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price objective for the company. KGI Securities started coverage on Vertiv in a report on Thursday, April 24th. They issued a "hold" rating for the company. Citigroup lifted their price objective on Vertiv from $98.00 to $130.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Morgan Stanley decreased their price objective on Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, Barclays reduced their target price on Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a report on Friday, April 4th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Vertiv currently has a consensus rating of "Moderate Buy" and an average price target of $126.69.

Insider Activity

In related news, insider Karsten Winther sold 5,500 shares of the business's stock in a transaction that occurred 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 sale, the insider now owns 18,847 shares in the company, valued at $1,777,837.51. The trade was a 22.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president now owns 9,551 shares of the company's stock, valued at $1,106,292.33. The trade was a 82.06% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.63% of the company's stock.

Vertiv Stock Performance

Shares of VRT opened at $127.48 on Friday. The company has a market cap of $48.58 billion, a PE ratio of 74.12, a price-to-earnings-growth ratio of 1.28 and a beta of 1.73. 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 50-day moving average price of $104.39 and a 200-day moving average price of $103.28. Vertiv Holdings Co. has a 12-month low of $53.60 and a 12-month high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The company's revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter last year, the company posted $0.43 EPS. As a group, equities analysts forecast that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were given 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 an increase from Vertiv's previous dividend of $0.01. Vertiv's dividend payout ratio (DPR) is 8.72%.

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.

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