Townsquare Capital LLC Has $902,000 Stake in Vertiv Holdings Co. (NYSE:VRT)

Townsquare Capital LLC boosted its position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 102.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,487 shares of the company's stock after acquiring an additional 6,327 shares during the period. Townsquare Capital LLC's holdings in Vertiv were worth $902,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VRT. Barclays PLC lifted its position in Vertiv by 12.6% during the 4th quarter. Barclays PLC now owns 485,798 shares of the company's stock worth $55,192,000 after acquiring an additional 54,212 shares during the last quarter. Mariner LLC lifted its stake in shares of Vertiv by 10.9% in the fourth quarter. Mariner LLC now owns 51,870 shares of the company's stock valued at $5,894,000 after buying an additional 5,097 shares during the period. United Capital Financial Advisors LLC lifted its stake in shares of Vertiv by 54.2% in the fourth quarter. United Capital Financial Advisors LLC now owns 16,434 shares of the company's stock valued at $1,867,000 after buying an additional 5,779 shares during the period. Insigneo Advisory Services LLC lifted its stake in shares of Vertiv by 5.4% in the fourth quarter. Insigneo Advisory Services LLC now owns 5,152 shares of the company's stock valued at $585,000 after buying an additional 265 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of Vertiv by 10.4% in the fourth quarter. NewEdge Advisors LLC now owns 95,420 shares of the company's stock valued at $10,841,000 after buying an additional 8,982 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Stock Performance

NYSE VRT opened at $132.45 on Friday. The firm has a market cap of $50.58 billion, a price-to-earnings ratio of 63.37, a PEG ratio of 1.21 and a beta of 1.77. The company has a 50 day moving average of $127.77 and a 200-day moving average of $105.01. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 0.93. Vertiv Holdings Co. has a 1-year low of $53.60 and a 1-year high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.12. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.36 billion. Vertiv had a net margin of 8.93% and a return on equity of 51.64%. The company's revenue was up 35.1% on a year-over-year basis. During the same quarter last year, the business posted $0.67 earnings per share. On average, equities analysts forecast that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 17th were issued a $0.0375 dividend. This is an increase from Vertiv's previous dividend of $0.01. This represents a dividend yield of 14.0%. The ex-dividend date of this dividend was Monday, June 16th. Vertiv's dividend payout ratio (DPR) is 7.18%.

Analysts Set New Price Targets

VRT has been the subject of several research reports. Morgan Stanley reiterated an "overweight" rating on shares of Vertiv in a research note on Sunday. Evercore ISI reiterated an "outperform" rating on shares of Vertiv in a research note on Thursday, July 10th. William Blair began coverage on shares of Vertiv in a research note on Monday, July 28th. They issued an "outperform" rating for the company. Mizuho raised their price target on shares of Vertiv from $125.00 to $150.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 16th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Vertiv in a research note on Friday, July 11th. Three equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $144.06.

Insider Buying and Selling

In related news, EVP Stephen Liang sold 43,683 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 9,551 shares of the company's stock, valued at $1,106,292.33. This trade represents a 82.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Karsten Winther sold 41,654 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $134.21, for a total transaction of $5,590,383.34. Following the completion of the sale, the insider directly owned 18,848 shares of the company's stock, valued at approximately $2,529,590.08. This represents a 68.85% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.63% of the company's stock.

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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