Vertiv Holdings Co. (NYSE:VRT) Shares Acquired by Dakota Wealth Management

Dakota Wealth Management increased its stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 25.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,079 shares of the company's stock after purchasing an additional 8,048 shares during the quarter. Dakota Wealth Management's holdings in Vertiv were worth $2,894,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. LJI Wealth Management LLC purchased a new stake in shares of Vertiv during the first quarter worth about $363,000. OVERSEA CHINESE BANKING Corp Ltd grew its stake in Vertiv by 2,243.3% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 219,896 shares of the company's stock worth $15,876,000 after acquiring an additional 210,512 shares during the period. SBI Securities Co. Ltd. raised its holdings in Vertiv by 10.9% in the 1st quarter. SBI Securities Co. Ltd. now owns 13,940 shares of the company's stock valued at $1,006,000 after acquiring an additional 1,366 shares during the last quarter. Apollon Wealth Management LLC raised its holdings in Vertiv by 69.5% in the 1st quarter. Apollon Wealth Management LLC now owns 19,262 shares of the company's stock valued at $1,391,000 after acquiring an additional 7,899 shares during the last quarter. Finally, Hohimer Wealth Management LLC purchased a new position in shares of Vertiv during the 1st quarter worth $541,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Melius Research upgraded Vertiv from a "hold" rating to a "strong-buy" rating and upped their target price for the company from $134.00 to $165.00 in a research note on Tuesday, July 8th. UBS Group reaffirmed a "buy" rating on shares of Vertiv in a research note on Friday. KGI Securities initiated coverage on shares of Vertiv in a report on Thursday, April 24th. They set a "hold" rating on the stock. Citigroup boosted their target price on shares of Vertiv from $130.00 to $149.00 and gave the company a "buy" rating in a report on Monday. Finally, Roth Mkm started coverage on shares of Vertiv in a research note on Tuesday, April 8th. They set a "buy" rating and a $75.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $135.35.

Vertiv Trading Up 1.2%

Shares of VRT opened at $124.77 on Tuesday. Vertiv Holdings Co. has a 12 month low of $53.60 and a 12 month high of $155.84. The stock's 50-day moving average is $113.46 and its two-hundred day moving average is $103.61. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.72 and a quick ratio of 1.28. The stock has a market cap of $47.55 billion, a PE ratio of 72.54, a P/E/G ratio of 1.23 and a beta of 1.75.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. The firm 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 revenue for the quarter was up 24.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 EPS. Equities analysts forecast that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The firm also recently announced 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%. This is a positive change from Vertiv's previous dividend of $0.01. The ex-dividend date was Monday, June 16th. Vertiv's payout ratio is presently 8.72%.

Insider Transactions at Vertiv

In related news, EVP Stephen Liang sold 43,683 shares of the stock in a transaction dated 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 owned 9,551 shares of the company's stock, valued at approximately $1,106,292.33. This represents a 82.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction that occurred 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 sale, the insider owned 18,847 shares in the company, valued at $1,777,837.51. This represents a 22.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.01% of the stock is currently owned by insiders.

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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