Universal Beteiligungs und Servicegesellschaft mbH Has $19.58 Million Holdings in Vertiv Holdings Co. (NYSE:VRT)

Universal Beteiligungs und Servicegesellschaft mbH trimmed its position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 21.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 271,224 shares of the company's stock after selling 72,587 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.07% of Vertiv worth $19,582,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. GW&K Investment Management LLC acquired a new position in Vertiv in the 1st quarter worth approximately $26,000. North Star Investment Management Corp. grew its holdings 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 buying an additional 412 shares in the last quarter. Sachetta LLC grew its holdings in shares of Vertiv by 242.0% in the first quarter. Sachetta LLC now owns 448 shares of the company's stock valued at $32,000 after purchasing an additional 317 shares during the period. Colonial Trust Co SC grew its holdings in shares of 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 purchasing an additional 214 shares during the period. Finally, Ameriflex Group Inc. acquired a new position in Vertiv in the fourth quarter valued at about $37,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.33, for a total value of $518,815.00. Following the transaction, the insider owned 18,847 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. Also, EVP Stephen Liang sold 43,683 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the sale, the executive vice president directly 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. Company insiders own 2.63% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VRT. Morgan Stanley lowered their target price on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. The Goldman Sachs Group reissued a "buy" rating on shares of Vertiv in a research report on Friday, July 11th. Evercore ISI reissued an "outperform" rating on shares of Vertiv in a research report on Thursday, July 10th. UBS Group reissued a "buy" rating on shares of Vertiv in a research report on Friday, July 11th. Finally, Wolfe Research restated an "outperform" rating and set a $155.00 target price on shares of Vertiv in a research note on Thursday, July 10th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $136.76.

Vertiv Trading Up 5.1%

Shares of NYSE:VRT traded up $6.65 during trading on Friday, reaching $137.52. 8,225,774 shares of the stock were exchanged, compared to its average volume of 9,414,630. The firm has a market cap of $52.41 billion, a price-to-earnings ratio of 79.96, a price-to-earnings-growth ratio of 1.29 and a beta of 1.75. Vertiv Holdings Co. has a 12-month low of $53.60 and a 12-month high of $155.84. The firm's 50-day moving average price is $117.96 and its 200 day moving average price is $104.28. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.28 and a current ratio of 1.72.

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 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 analyst estimates of $1.94 billion. During the same period in the prior year, the company posted $0.43 EPS. The business's revenue was up 24.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

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

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.