Vertiv Holdings Co. (NYSE:VRT) Position Cut by Nwam LLC

Nwam LLC trimmed its holdings in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 22.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,211 shares of the company's stock after selling 9,849 shares during the quarter. Nwam LLC's holdings in Vertiv were worth $2,398,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VRT. Massachusetts Financial Services Co. MA bought a new position in Vertiv in the 4th quarter worth approximately $597,379,000. Norges Bank bought a new position in Vertiv in the 4th quarter worth approximately $391,777,000. Arrowstreet Capital Limited Partnership grew its holdings in Vertiv by 136.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company's stock worth $379,101,000 after buying an additional 1,928,275 shares in the last quarter. Vanguard Group Inc. grew its holdings in Vertiv by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock worth $4,130,415,000 after buying an additional 1,244,780 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in Vertiv by 25.3% in the 4th quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock worth $557,349,000 after buying an additional 990,361 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

VRT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their price objective on Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Wall Street Zen raised Vertiv from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 21st. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Vertiv in a research note on Friday, July 11th. Melius Research raised Vertiv from a "hold" rating to a "strong-buy" rating and increased their price target for the company from $134.00 to $165.00 in a research note on Tuesday, July 8th. Finally, Barclays increased their price target on Vertiv from $90.00 to $110.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, Vertiv presently has a consensus rating of "Buy" and a consensus target price of $136.76.

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.33, for a total transaction of $518,815.00. Following the transaction, the insider directly owned 18,847 shares in the company, valued at $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president owned 9,551 shares in the company, valued at approximately $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. 2.63% of the stock is currently owned by company insiders.

Vertiv Stock Down 1.6%

Shares of NYSE:VRT traded down $2.14 during midday trading on Friday, hitting $128.98. 1,698,889 shares of the stock were exchanged, compared to its average volume of 8,561,745. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.28 and a current ratio of 1.72. Vertiv Holdings Co. has a 52-week low of $53.60 and a 52-week high of $155.84. The business's fifty day simple moving average is $115.44 and its two-hundred day simple moving average is $104.03. The company has a market capitalization of $49.15 billion, a PE ratio of 74.88, a P/E/G ratio of 1.25 and a beta of 1.75.

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, topping the consensus estimate of $0.62 by $0.02. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the company earned $0.43 earnings per share. Vertiv's quarterly revenue was up 24.2% compared to the same quarter last year. As a group, 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. Investors of record on Tuesday, June 17th were issued a dividend of $0.0375 per share. This represents a dividend 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 (DPR) 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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