Swisher Financial Concepts Inc. bought a new stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,554 shares of the company's stock, valued at approximately $257,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in VRT. Caprock Group LLC boosted its holdings in shares of Vertiv by 14.5% during the 4th quarter. Caprock Group LLC now owns 4,706 shares of the company's stock worth $535,000 after buying an additional 597 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of Vertiv by 22.0% during the 4th quarter. Chicago Partners Investment Group LLC now owns 4,437 shares of the company's stock worth $504,000 after buying an additional 800 shares in the last quarter. DAVENPORT & Co LLC boosted its holdings in shares of Vertiv by 31.7% during the 4th quarter. DAVENPORT & Co LLC now owns 3,794 shares of the company's stock worth $431,000 after buying an additional 913 shares in the last quarter. SYM FINANCIAL Corp boosted its holdings in shares of Vertiv by 15.0% during the 4th quarter. SYM FINANCIAL Corp now owns 2,573 shares of the company's stock worth $292,000 after buying an additional 336 shares in the last quarter. Finally, Journey Strategic Wealth LLC bought a new position in shares of Vertiv during the 4th quarter worth approximately $246,000. Institutional investors and hedge funds own 89.92% of the company's stock.
Insider Activity
In other news, 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 transaction of $518,815.00. Following the completion of the sale, the insider now directly owns 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.63% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. Cowen restated a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. JPMorgan Chase & Co. increased their price target on Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Morgan Stanley cut their target price on Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group cut their target price on Vertiv from $135.00 to $85.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Roth Capital upgraded Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $122.38.
Check Out Our Latest Analysis on Vertiv
Vertiv Stock Up 0.5%
NYSE:VRT traded up $0.53 during trading hours on Wednesday, hitting $112.87. 4,999,696 shares of the company traded hands, compared to its average volume of 8,873,360. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The firm's 50-day simple moving average is $87.61 and its 200-day simple moving average is $105.06. Vertiv Holdings Co has a one year low of $53.60 and a one year high of $155.84. The company has a market cap of $43.02 billion, a PE ratio of 88.18, a PEG ratio of 1.07 and a beta of 1.70.
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 61.41% and a net margin of 6.19%. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the firm posted $0.43 EPS. The business's revenue was up 24.2% compared to the same quarter last year. Equities analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.
Vertiv Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.13%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's dividend payout ratio is presently 8.72%.
About Vertiv
(
Free Report)
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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