Vanguard Group Inc. Purchases 1,359,070 Shares of Vertiv Holdings Co. (NYSE:VRT)

Vanguard Group Inc. lifted its position in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 3.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,715,159 shares of the company's stock after acquiring an additional 1,359,070 shares during the quarter. Vanguard Group Inc. owned 9.90% of Vertiv worth $2,723,034,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in VRT. GW&K Investment Management LLC acquired a new position in shares of Vertiv during the first quarter valued at about $26,000. North Star Investment Management Corp. increased 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 valued at $30,000 after acquiring an additional 412 shares in the last quarter. Sachetta LLC boosted its position in Vertiv by 242.0% in the first quarter. Sachetta LLC now owns 448 shares of the company's stock valued at $32,000 after buying an additional 317 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. Finally, Ameriflex Group Inc. purchased a new stake in Vertiv in the fourth quarter valued at approximately $37,000. 89.92% of the stock is currently owned by institutional investors.

Vertiv Stock Up 0.4%

NYSE VRT opened at $139.90 on Friday. The business has a fifty day moving average price of $125.64 and a 200 day moving average price of $105.00. Vertiv Holdings Co. has a one year low of $53.60 and a one year high of $155.84. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.35 and a current ratio of 1.74. The company has a market cap of $53.32 billion, a P/E ratio of 66.94, a P/E/G ratio of 1.23 and a beta of 1.77.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.83 by $0.12. Vertiv had a return on equity of 51.64% and a net margin of 8.93%. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the prior year, the company earned $0.67 EPS. The firm's revenue was up 35.1% compared to the same quarter last year. Research analysts anticipate that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

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

Analyst Ratings Changes

VRT has been the topic of a number of recent research reports. Morgan Stanley dropped their target price on Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Melius Research raised Vertiv from a "hold" rating to a "strong-buy" rating and boosted their price target for the company from $134.00 to $165.00 in a report on Tuesday, July 8th. Wolfe Research reissued an "outperform" rating and issued a $155.00 price target on shares of Vertiv in a report on Thursday, July 10th. Barclays set a $128.00 price target on Vertiv and gave the company an "equal weight" rating in a report on Thursday, July 31st. Finally, 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, July 16th. Three investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $144.06.

Insider Transactions at Vertiv

In other Vertiv news, EVP Stephen Liang sold 43,683 shares of the company's 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 completion of the sale, the executive vice president directly owned 9,551 shares in the company, valued at $1,106,292.33. This represents a 82.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.63% of the stock is currently owned by insiders.

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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