Vertiv Holdings Co (NYSE:VRT) Shares Bought by Highline Wealth Partners LLC

Highline Wealth Partners LLC raised its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 2,622.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,376 shares of the company's stock after purchasing an additional 3,252 shares during the period. Highline Wealth Partners LLC's holdings in Vertiv were worth $244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. North Star Investment Management Corp. grew its position in shares of Vertiv by 4,120.0% in the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock valued at $30,000 after buying an additional 412 shares during the last quarter. Tradewinds Capital Management LLC boosted its stake in Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock valued at $33,000 after acquiring an additional 111 shares in the last quarter. Pittenger & Anderson Inc. grew its holdings in shares of Vertiv by 92.0% during the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock worth $36,000 after purchasing an additional 150 shares during the last quarter. Colonial Trust Co SC increased its position in shares of Vertiv by 211.9% during the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after purchasing an additional 214 shares in the last quarter. Finally, Ameriflex Group Inc. purchased a new stake in shares of Vertiv in the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 89.92% of the company's stock.

Insider Buying and Selling

In other news, EVP Stephen Liang sold 43,683 shares of Vertiv stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the sale, the executive vice president now directly owns 9,551 shares of the company's stock, valued at approximately $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 now owns 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. 2.63% of the stock is currently owned by corporate insiders.

Vertiv Trading Up 5.0%

VRT traded up $5.54 during midday trading on Monday, hitting $116.51. The company's stock had a trading volume of 7,543,198 shares, compared to its average volume of 8,709,218. Vertiv Holdings Co has a 52-week low of $53.60 and a 52-week high of $155.84. The firm has a 50-day moving average price of $94.49 and a two-hundred day moving average price of $103.67. The firm has a market cap of $44.40 billion, a P/E ratio of 91.02, a PEG ratio of 1.07 and a beta of 1.73. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT - Get Free Report) last issued its 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. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the firm posted $0.43 EPS. The business's revenue for the quarter was up 24.2% compared to the same quarter last year. On average, research analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, June 17th will be issued a dividend of $0.0375 per share. This is an increase from Vertiv's previous dividend of $0.01. This represents a dividend yield of 0.14%. The ex-dividend date of this dividend is Monday, June 16th. Vertiv's dividend payout ratio (DPR) is presently 8.72%.

Analysts Set New Price Targets

VRT has been the topic of a number of research reports. Barclays dropped their price target on Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. The Goldman Sachs Group increased their price target on shares of Vertiv from $106.00 to $122.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Evercore ISI reissued an "outperform" rating and set a $150.00 price objective (up from $100.00) on shares of Vertiv in a research report on Tuesday, May 27th. Royal Bank of Canada initiated coverage on shares of Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 target price for the company. Finally, Roth Capital raised Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $126.69.

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.