Vaughan Nelson Investment Management L.P. Boosts Stock Position in Vertiv Holdings Co (NYSE:VRT)

Vaughan Nelson Investment Management L.P. lifted its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 25.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 112,430 shares of the company's stock after purchasing an additional 22,855 shares during the quarter. Vaughan Nelson Investment Management L.P.'s holdings in Vertiv were worth $8,117,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC boosted its holdings in Vertiv by 67.0% during the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock valued at $1,043,000 after acquiring an additional 3,682 shares during the period. Sound View Wealth Advisors Group LLC purchased a new stake in Vertiv during the 4th quarter valued at about $1,218,000. Schroder Investment Management Group boosted its holdings in Vertiv by 95.3% during the 4th quarter. Schroder Investment Management Group now owns 1,167,536 shares of the company's stock valued at $135,621,000 after acquiring an additional 569,722 shares during the period. Bedell Frazier Investment Counselling LLC purchased a new stake in Vertiv during the 4th quarter valued at about $415,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Vertiv by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,746,111 shares of the company's stock valued at $198,376,000 after acquiring an additional 45,917 shares during the period. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VRT has been the subject of several analyst reports. KGI Securities initiated coverage on Vertiv in a report on Thursday, April 24th. They set a "hold" rating for the company. Citigroup dropped their price objective on Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a report on Monday, April 14th. Evercore ISI reiterated an "outperform" rating and issued a $150.00 price objective (up previously from $100.00) on shares of Vertiv in a report on Tuesday, May 27th. Royal Bank of Canada began coverage on Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price objective for the company. Finally, Barclays dropped their price objective on Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a report on Friday, April 4th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $124.69.

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of Vertiv 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 sale, the insider now owns 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Stephen Liang sold 43,683 shares of Vertiv 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 now directly owns 9,551 shares of the company's stock, valued at approximately $1,106,292.33. The trade was a 82.06% decrease in their position. The disclosure for this sale can be found here. 2.63% of the stock is owned by company insiders.

Vertiv Trading Down 3.2%

VRT opened at $110.78 on Monday. The business has a 50 day moving average of $94.49 and a 200-day moving average of $103.67. The stock has a market cap of $42.22 billion, a PE ratio of 86.55, a PEG ratio of 1.07 and a beta of 1.73. Vertiv Holdings Co has a 52 week low of $53.60 and a 52 week high of $155.84. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data 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 analysts' expectations of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The firm's quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 earnings per share. Equities research analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th will be paid a dividend of $0.0375 per share. This is a boost from Vertiv's previous dividend of $0.01. The ex-dividend date is Monday, June 16th. This represents a yield of 0.14%. Vertiv's 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.

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