Vertiv Holdings Co. (NYSE:VRT) Shares Sold by Navellier & Associates Inc.

Key Points

• Navellier & Associates Inc. reduced its stake in Vertiv Holdings Co. by 19.7%, selling 18,842 shares in the first quarter, and now holds shares worth $5,529,000.
• Vertiv's stock price increased by $6.65 to $137.52 during recent trading, with a market cap of $52.41 billion and strong earnings results reflecting a 24.2% revenue growth year-over-year.
• The company recently declared a dividend increase to $0.0375 per share, up from $0.01, representing a yield of 0.14%.

Navellier & Associates Inc. lowered its stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 19.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 76,575 shares of the company's stock after selling 18,842 shares during the period. Navellier & Associates Inc.'s holdings in Vertiv were worth $5,529,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in VRT. GW&K Investment Management LLC acquired a new stake in shares of Vertiv in the 1st quarter worth about $26,000. North Star Investment Management Corp. raised its holdings in shares of Vertiv by 4,120.0% in the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock worth $30,000 after acquiring an additional 412 shares during the last quarter. Sachetta LLC raised its holdings in shares of Vertiv by 242.0% in the 1st quarter. Sachetta LLC now owns 448 shares of the company's stock worth $32,000 after acquiring an additional 317 shares during the last quarter. Colonial Trust Co SC raised its holdings in shares of Vertiv by 211.9% in the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after acquiring an additional 214 shares during the last quarter. Finally, Ameriflex Group Inc. acquired a new stake in shares of Vertiv in the 4th quarter worth about $37,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Insider Activity

In related news, 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 value of $5,059,801.89. Following the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Karsten Winther sold 5,500 shares of the firm'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 completion of the sale, the insider directly owned 18,847 shares in the company, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their position. The disclosure for this sale can be found here. 2.63% of the stock is currently owned by corporate insiders.

Vertiv Price Performance

NYSE:VRT traded up $6.65 during trading hours on Friday, reaching $137.52. 8,225,774 shares of the company were exchanged, compared to its average volume of 6,826,359. The company has a current ratio of 1.72, a quick ratio of 1.28 and a debt-to-equity ratio of 1.09. The stock's 50-day moving average is $118.59 and its 200-day moving average is $104.33. The firm has a market cap of $52.41 billion, a PE ratio of 79.96, a price-to-earnings-growth ratio of 1.30 and a beta of 1.75. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the firm earned $0.43 earnings per share. Vertiv's quarterly 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 given a dividend of $0.0375 per share. This represents a dividend yield of 0.14%. The ex-dividend date of this dividend was Monday, June 16th. This is a boost from Vertiv's previous dividend of $0.01. Vertiv's dividend payout ratio is currently 8.72%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on VRT shares. Wolfe Research restated an "outperform" rating and issued a $155.00 target price on shares of Vertiv in a report on Thursday, July 10th. Bank of America increased their price objective on shares of Vertiv from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Wall Street Zen upgraded shares of Vertiv from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 21st. Oppenheimer increased their price objective on shares of Vertiv from $132.00 to $140.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. Finally, Melius Research upgraded shares of Vertiv from a "hold" rating to a "strong-buy" rating and increased their price objective for the company from $134.00 to $165.00 in a research note on Tuesday, July 8th. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $136.76.

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.