Floyd Financial Group LLC Grows Stake in Vertiv Holdings Co (NYSE:VRT)

Floyd Financial Group LLC raised its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 27.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 10,912 shares of the company's stock after acquiring an additional 2,339 shares during the period. Floyd Financial Group LLC's holdings in Vertiv were worth $788,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of VRT. Caprock Group LLC lifted its position in shares of Vertiv by 14.5% during the 4th quarter. Caprock Group LLC now owns 4,706 shares of the company's stock worth $535,000 after buying an additional 597 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in Vertiv by 22.0% during the 4th quarter. Chicago Partners Investment Group LLC now owns 4,437 shares of the company's stock valued at $504,000 after acquiring an additional 800 shares during the period. DAVENPORT & Co LLC grew its holdings in Vertiv by 31.7% during the 4th quarter. DAVENPORT & Co LLC now owns 3,794 shares of the company's stock valued at $431,000 after buying an additional 913 shares in the last quarter. Journey Strategic Wealth LLC purchased a new position in Vertiv during the fourth quarter valued at approximately $246,000. Finally, Spire Wealth Management grew its position in shares of Vertiv by 194.7% during the 4th quarter. Spire Wealth Management now owns 8,002 shares of the company's stock valued at $909,000 after purchasing an additional 5,287 shares in the last quarter. Institutional investors own 89.92% of the company's stock.

Wall Street Analyst Weigh In

VRT has been the topic of several research analyst reports. KGI Securities began coverage on shares of Vertiv in a research note on Thursday, April 24th. They issued a "hold" rating on the stock. Citigroup cut their price objective on Vertiv from $153.00 to $98.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. The Goldman Sachs Group cut their target price on shares of Vertiv from $135.00 to $85.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Cowen reaffirmed a "buy" rating on shares of Vertiv in a research note on Thursday, April 24th. Finally, Royal Bank of Canada began coverage on shares of Vertiv in a research note on Friday, March 7th. They set an "outperform" rating and a $121.00 target price for the company. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $122.38.

Insider Transactions at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the 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 completion of the transaction, the insider now owns 18,847 shares of the company's stock, valued at $1,777,837.51. This represents a 22.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.63% of the company's stock.

Vertiv Price Performance

Shares of NYSE VRT traded down $0.59 during midday trading on Thursday, reaching $112.26. The stock had a trading volume of 4,809,062 shares, compared to its average volume of 8,836,877. The company has a market capitalization of $42.78 billion, a price-to-earnings ratio of 87.70, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. Vertiv Holdings Co has a 12-month low of $53.60 and a 12-month high of $155.84. The stock has a 50-day moving average of $88.38 and a 200-day moving average of $105.12. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. The business had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The business's quarterly revenue was up 24.2% on a year-over-year basis. During the same period last year, the firm earned $0.43 earnings per share. As a group, research analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date was Tuesday, March 18th. 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.