Vertiv Holdings Co. (NYSE:VRT) Holdings Raised by Hartline Investment Corp

Hartline Investment Corp raised its position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 5.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 258,781 shares of the company's stock after buying an additional 13,978 shares during the quarter. Vertiv accounts for 2.5% of Hartline Investment Corp's portfolio, making the stock its 12th largest position. Hartline Investment Corp owned about 0.07% of Vertiv worth $18,684,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. North Star Investment Management Corp. increased its position in 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 purchasing an additional 412 shares during the last quarter. Colonial Trust Co SC raised its position in shares of Vertiv by 211.9% in the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company's stock valued at $36,000 after buying an additional 214 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in shares of Vertiv during the 4th quarter worth approximately $37,000. TD Private Client Wealth LLC increased its stake in Vertiv by 150.7% in the fourth quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock valued at $42,000 after acquiring an additional 223 shares during the last quarter. Finally, Mizuho Securities Co. Ltd. acquired a new position in Vertiv during the 1st quarter worth approximately $43,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Vertiv

In related news, EVP Stephen Liang sold 43,683 shares of the 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 transaction, the executive vice president directly owned 9,551 shares of the company's stock, valued at approximately $1,106,292.33. This represents a 82.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Karsten Winther sold 5,500 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $1,777,837.51. This 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 insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Roth Capital raised Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Barclays dropped their target price on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. JPMorgan Chase & Co. increased their price objective on shares of Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Cowen reiterated a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Finally, Morgan Stanley decreased their price target on Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $126.69.

Vertiv Trading Up 2.9%

VRT stock opened at $127.92 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.72 and a debt-to-equity ratio of 1.09. Vertiv Holdings Co. has a 52-week low of $53.60 and a 52-week high of $155.84. The company's 50-day simple moving average is $108.43 and its 200-day simple moving average is $103.44. The firm has a market cap of $48.75 billion, a P/E ratio of 74.37, a PEG ratio of 1.24 and a beta of 1.75.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. Vertiv's quarterly revenue was up 24.2% compared to the same quarter last year. During the same period last year, the company earned $0.43 earnings per share. As a group, equities analysts forecast 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. Stockholders of record on Tuesday, June 17th were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a dividend yield of 0.14%. This is a boost from Vertiv's previous dividend of $0.01. Vertiv's payout ratio is currently 8.72%.

Vertiv 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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