Triasima Portfolio Management inc. Invests $1.65 Million in Vertiv Holdings Co. (NYSE:VRT)

Triasima Portfolio Management inc. purchased a new position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 22,825 shares of the company's stock, valued at approximately $1,648,000.

Other large investors have also modified their holdings of the company. North Star Investment Management Corp. grew its stake in shares of Vertiv by 4,120.0% during the first 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. Colonial Trust Co SC boosted its position in 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. purchased a new stake in Vertiv in the fourth quarter valued at approximately $37,000. TD Private Client Wealth LLC boosted its position in Vertiv by 37.5% in the first quarter. TD Private Client Wealth LLC now owns 510 shares of the company's stock valued at $37,000 after buying an additional 139 shares during the last quarter. Finally, Mizuho Securities Co. Ltd. purchased a new stake in Vertiv in the first quarter valued at approximately $43,000. Hedge funds and other institutional investors own 89.92% of the company's stock.

Vertiv Price Performance

VRT opened at $127.49 on Wednesday. The stock's 50-day moving average price is $114.14 and its 200 day moving average price is $103.78. Vertiv Holdings Co. has a 12-month low of $53.60 and a 12-month high of $155.84. 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 firm has a market cap of $48.59 billion, a price-to-earnings ratio of 74.12, a PEG ratio of 1.24 and a beta of 1.75.

Vertiv (NYSE:VRT - Get Free Report) last posted 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 company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. Vertiv's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 EPS. As a group, sell-side analysts expect that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

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

Insider Buying and Selling

In other news, insider Karsten Winther sold 5,500 shares of the business's stock in a transaction 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 transaction, the insider directly owned 18,847 shares of the company's stock, valued at $1,777,837.51. The trade was a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the company'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 completion of the transaction, 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 disclosure for this sale can be found here. 5.01% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

VRT has been the topic of a number of recent research reports. The Goldman Sachs Group reiterated a "buy" rating on shares of Vertiv in a research report on Friday, July 11th. Roth Mkm began coverage on Vertiv in a report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price target for the company. Mizuho boosted their price target on Vertiv from $125.00 to $150.00 and gave the company an "outperform" rating in a report on Wednesday. Barclays upped their target price on Vertiv from $90.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 9th. Finally, Wolfe Research reaffirmed an "outperform" rating and set a $155.00 target price on shares of Vertiv in a research note on Thursday, July 10th. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $135.65.

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.

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