Trivium Point Advisory LLC grew its position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 87.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,630 shares of the company's stock after buying an additional 2,626 shares during the quarter. Trivium Point Advisory LLC's holdings in Vertiv were worth $406,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of the company. Oak Ridge Investments LLC boosted its position in shares of Vertiv by 228.9% in the first quarter. Oak Ridge Investments LLC now owns 41,112 shares of the company's stock worth $2,968,000 after acquiring an additional 28,612 shares during the last quarter. Sit Investment Associates Inc. raised its stake in shares of Vertiv by 15.8% during the first quarter. Sit Investment Associates Inc. now owns 53,149 shares of the company's stock valued at $3,837,000 after purchasing an additional 7,249 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Vertiv by 2.2% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 12,277 shares of the company's stock valued at $886,000 after purchasing an additional 265 shares during the period. Triglav Skladi D.O.O. purchased a new stake in shares of Vertiv during the first quarter valued at approximately $101,000. Finally, National Pension Service raised its stake in shares of Vertiv by 12.6% during the first quarter. National Pension Service now owns 611,770 shares of the company's stock valued at $44,170,000 after purchasing an additional 68,689 shares during the period. Hedge funds and other institutional investors own 89.92% of the company's stock.
Vertiv Stock Performance
Vertiv stock traded up $0.34 during trading hours on Friday, reaching $132.86. 6,204,076 shares of the company were exchanged, compared to its average volume of 7,803,008. The firm has a market cap of $50.74 billion, a price-to-earnings ratio of 63.57, a PEG ratio of 1.17 and a beta of 1.77. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 0.93. The stock has a 50-day moving average of $128.12 and a 200 day moving average of $105.09. 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, July 30th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.12. Vertiv had a return on equity of 51.64% and a net margin of 8.93%. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the previous year, the company earned $0.67 earnings per share. The company's quarterly revenue was up 35.1% compared to the same quarter last year. As a group, research analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.
Vertiv Increases Dividend
The company also recently announced 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 was Monday, June 16th. This is a positive change from Vertiv's previous dividend of $0.01. This represents a dividend yield of 14.0%. Vertiv's dividend payout ratio is currently 7.18%.
Wall Street Analysts Forecast Growth
VRT has been the subject of a number of research analyst reports. Morgan Stanley restated an "overweight" rating on shares of Vertiv in a research note on Sunday, August 10th. JPMorgan Chase & Co. lifted their price objective on shares of Vertiv from $127.00 to $150.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Evercore ISI reaffirmed an "outperform" rating on shares of Vertiv in a report on Thursday, July 10th. Zacks Research raised shares of Vertiv to a "strong-buy" rating in a report on Monday, August 11th. Finally, Melius raised shares of Vertiv from a "hold" rating to a "buy" rating and set a $165.00 price target for the company in a report on Tuesday, July 8th. Three equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $144.06.
View Our Latest Analysis on Vertiv
Insiders Place Their Bets
In related news, insider Karsten Winther sold 41,654 shares of the company's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $134.21, for a total value of $5,590,383.34. Following the completion of the transaction, the insider directly owned 18,848 shares in the company, valued at approximately $2,529,590.08. This represents a 68.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Stephen Liang sold 43,683 shares of the 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 owned 9,551 shares of the company's stock, valued at $1,106,292.33. This represents a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.01% of the company's stock.
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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