U.S. Capital Wealth Advisors LLC Boosts Stake in Vertiv Holdings Co. (NYSE:VRT)

U.S. Capital Wealth Advisors LLC lifted its stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 22.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,469 shares of the company's stock after buying an additional 11,474 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Vertiv were worth $4,510,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of VRT. Prestige Wealth Management Group LLC boosted its stake in Vertiv by 2.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company's stock valued at $420,000 after purchasing an additional 85 shares during the period. Horizon Investment Services LLC boosted its position in shares of Vertiv by 4.1% during the fourth quarter. Horizon Investment Services LLC now owns 2,410 shares of the company's stock worth $274,000 after buying an additional 95 shares during the period. Focus Partners Advisor Solutions LLC grew its holdings in Vertiv by 3.1% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company's stock worth $367,000 after buying an additional 97 shares in the last quarter. Utah Retirement Systems increased its position in Vertiv by 0.3% in the 4th quarter. Utah Retirement Systems now owns 39,300 shares of the company's stock valued at $4,465,000 after acquiring an additional 100 shares during the period. Finally, Wahed Invest LLC raised its stake in Vertiv by 1.2% during the 4th quarter. Wahed Invest LLC now owns 8,798 shares of the company's stock valued at $1,000,000 after acquiring an additional 105 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Stock Up 2.2%

Shares of NYSE VRT traded up $2.63 during trading on Friday, hitting $123.35. 2,801,164 shares of the company traded hands, compared to its average volume of 8,598,951. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.28 and a current ratio of 1.72. The business's fifty day moving average is $112.29 and its 200 day moving average is $103.73. The firm has a market capitalization of $47.01 billion, a price-to-earnings ratio of 71.67, a P/E/G ratio of 1.28 and a beta of 1.75. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last released 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 business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The company's quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 EPS. Equities research analysts predict that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were issued a dividend of $0.0375 per share. This represents a yield of 0.14%. This is a positive change from Vertiv's previous dividend of $0.01. The ex-dividend date was Monday, June 16th. Vertiv's dividend payout ratio is 8.72%.

Insider Buying and Selling at Vertiv

In related news, insider Karsten Winther sold 5,500 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the sale, the insider directly owned 18,847 shares in the company, valued at approximately $1,777,837.51. This represents a 22.59% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction 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. This trade represents a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.63% of the company's stock.

Analysts Set New Price Targets

VRT has been the subject of a number of research analyst reports. Roth Mkm started coverage on shares of Vertiv in a report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price target for the company. Wolfe Research reiterated an "outperform" rating and issued a $155.00 target price on shares of Vertiv in a report on Thursday. The Goldman Sachs Group lifted their price target on shares of Vertiv from $106.00 to $122.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. KGI Securities started coverage on Vertiv in a report on Thursday, April 24th. They issued a "hold" rating on the stock. Finally, Roth Capital raised Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $134.24.

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.