6,833 Shares in Vertiv Holdings Co. (NYSE:VRT) Acquired by Strategic Investment Advisors MI

Strategic Investment Advisors MI acquired a new position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 6,833 shares of the company's stock, valued at approximately $493,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Sound View Wealth Advisors Group LLC purchased a new stake in Vertiv during the 4th quarter valued at $1,218,000. Schroder Investment Management Group raised its stake in shares of Vertiv by 95.3% in the fourth quarter. Schroder Investment Management Group now owns 1,167,536 shares of the company's stock valued at $135,621,000 after acquiring an additional 569,722 shares during the period. Bedell Frazier Investment Counselling LLC purchased a new stake in shares of Vertiv in the fourth quarter valued at $415,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Vertiv by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,746,111 shares of the company's stock worth $198,376,000 after acquiring an additional 45,917 shares during the last quarter. Finally, Ibex Wealth Advisors boosted its stake in shares of Vertiv by 10.5% during the 1st quarter. Ibex Wealth Advisors now owns 73,739 shares of the company's stock worth $5,324,000 after purchasing an additional 6,989 shares during the period. 89.92% of the stock is currently owned by institutional investors.

Vertiv Stock Up 3.0%

Shares of NYSE VRT traded up $3.68 during midday trading on Friday, reaching $127.48. 8,953,314 shares of the company's stock traded hands, compared to its average volume of 8,636,289. The company has a market cap of $48.58 billion, a price-to-earnings ratio of 74.12, a P/E/G ratio of 1.24 and a beta of 1.73. The stock's 50 day simple moving average is $103.31 and its 200-day simple moving average is $103.39. The company has a quick ratio of 1.28, a current ratio of 1.72 and a debt-to-equity ratio of 1.09. Vertiv Holdings Co. has a one year low of $53.60 and a one year high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (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 business 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 EPS. The business's revenue for the quarter was up 24.2% on a year-over-year basis. On average, analysts predict that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

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

Analysts Set New Price Targets

A number of analysts recently weighed in on VRT shares. Wall Street Zen raised shares of Vertiv from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 21st. Royal Bank Of Canada assumed coverage on Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price target on the stock. Roth Mkm began coverage on Vertiv in a research note on Tuesday, April 8th. They set a "buy" rating and a $75.00 price target for the company. Evercore ISI reaffirmed an "outperform" rating and issued a $150.00 price objective (up previously from $100.00) on shares of Vertiv in a research report on Tuesday, May 27th. Finally, KGI Securities started coverage on shares of Vertiv in a research note on Thursday, April 24th. They set a "hold" rating for the company. 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 stock. Based on data from MarketBeat.com, Vertiv presently has a consensus rating of "Moderate Buy" and an average target price of $126.69.

Insiders Place Their Bets

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the firm's stock in a transaction that occurred on 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 now directly owns 18,847 shares in the company, valued at $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the company'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 transaction, the executive vice president now directly owns 9,551 shares in the company, valued at approximately $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.63% of the stock is currently owned by corporate insiders.

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.