Lyell Wealth Management LP Has $5.36 Million Stock Position in Vertiv Holdings Co. (NYSE:VRT)

Key Points

• Lyell Wealth Management LP increased its stake in Vertiv Holdings Co. by 108.1%, owning 74,202 shares valued at over $5.3 million after acquiring an additional 38,553 shares in the first quarter.
• Vertiv recently declared a 0.14% dividend yield, increasing from its previous dividend, with a payout of $0.0375 per share on June 26th.
• The company reported a 35.1% year-over-year increase in revenue for the most recent quarter, reaching $2.64 billion and outperforming estimates of $2.36 billion.

Lyell Wealth Management LP grew its position in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 108.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,202 shares of the company's stock after buying an additional 38,553 shares during the quarter. Lyell Wealth Management LP's holdings in Vertiv were worth $5,357,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in shares of Vertiv by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock worth $688,260,000 after buying an additional 99,181 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in shares of Vertiv during the fourth quarter worth approximately $597,379,000. Northern Trust Corp boosted its holdings in shares of Vertiv by 21.9% during the fourth quarter. Northern Trust Corp now owns 2,713,234 shares of the company's stock worth $308,251,000 after purchasing an additional 487,909 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Vertiv by 15.8% during the fourth quarter. Renaissance Technologies LLC now owns 2,404,712 shares of the company's stock worth $273,199,000 after purchasing an additional 327,900 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Vertiv by 54.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,314,934 shares of the company's stock worth $263,000,000 after purchasing an additional 812,389 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on VRT shares. Bank of America raised their price target on shares of Vertiv from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Evercore ISI restated an "outperform" rating on shares of Vertiv in a report on Thursday, July 10th. Citigroup raised their price target on shares of Vertiv from $130.00 to $149.00 and gave the stock a "buy" rating in a report on Monday, July 14th. William Blair assumed coverage on shares of Vertiv in a research note on Monday. They issued an "outperform" rating for the company. Finally, Oppenheimer set a $151.00 target price on shares of Vertiv and gave the company an "outperform" rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $144.06.

Vertiv Stock Performance

Shares of Vertiv stock traded down $3.94 on Friday, reaching $141.66. The stock had a trading volume of 10,317,134 shares, compared to its average volume of 8,340,559. The business's 50-day moving average price is $121.71 and its two-hundred day moving average price is $104.78. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.28 and a current ratio of 1.74. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $155.84. The stock has a market cap of $53.99 billion, a P/E ratio of 67.78, a price-to-earnings-growth ratio of 1.36 and a beta of 1.77.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.12. Vertiv had a net margin of 8.93% and a return on equity of 51.64%. The business had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.36 billion. During the same period in the previous year, the company earned $0.67 earnings per share. Vertiv's revenue for the quarter was up 35.1% on a year-over-year basis. On average, sell-side analysts forecast that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 17th were given a dividend of $0.0375 per share. This represents a yield of 14.0%. This is an increase from Vertiv's previous dividend of $0.01. The ex-dividend date of this dividend was Monday, June 16th. Vertiv's payout ratio is presently 7.18%.

Insiders Place Their Bets

In other Vertiv news, EVP Stephen Liang sold 43,683 shares of the business's stock in a transaction 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. The trade was a 82.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Karsten Winther sold 5,500 shares of the business's stock in a transaction 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 $1,777,837.51. This trade represents a 22.59% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.63% of the company's stock.

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.