Vertiv Holdings Co. (NYSE:VRT) Stake Boosted by International Assets Investment Management LLC

International Assets Investment Management LLC raised its holdings in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 157.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,313 shares of the company's stock after acquiring an additional 5,702 shares during the quarter. International Assets Investment Management LLC's holdings in Vertiv were worth $672,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. North Star Investment Management Corp. raised its stake in 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 purchasing an additional 412 shares during the last quarter. Colonial Trust Co SC grew its holdings 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 buying an additional 214 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in shares of Vertiv during the fourth quarter worth about $37,000. TD Private Client Wealth LLC raised its position in shares of Vertiv by 150.7% in the fourth quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock valued at $42,000 after buying an additional 223 shares during the last quarter. Finally, Mizuho Securities Co. Ltd. purchased a new position in shares of Vertiv during the first quarter valued at approximately $43,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VRT. Royal Bank Of Canada began coverage on Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price target for the company. Roth Capital raised Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Evercore ISI reiterated an "outperform" rating and set a $150.00 target price (up from $100.00) on shares of Vertiv in a research report on Tuesday, May 27th. Wall Street Zen raised Vertiv from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 21st. 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 objective for the company. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $126.69.

Vertiv Stock Up 1.9%

NYSE VRT traded up $2.26 during trading hours on Thursday, hitting $123.90. The company had a trading volume of 5,357,094 shares, compared to its average volume of 8,625,599. The firm's 50 day moving average is $102.29 and its 200 day moving average is $103.41. The company has a market capitalization of $47.22 billion, a price-to-earnings ratio of 72.04, a P/E/G ratio of 1.23 and a beta of 1.73. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $155.84. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.72 and a quick ratio of 1.28.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The company's revenue was up 24.2% on a year-over-year basis. During the same period last year, the business posted $0.43 EPS. Sell-side analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th will be paid a $0.0375 dividend. The ex-dividend date is Monday, June 16th. This is an increase from Vertiv's previous dividend of $0.01. This represents a dividend yield of 0.14%. Vertiv's dividend payout ratio is 8.72%.

Insider Activity at Vertiv

In other Vertiv news, EVP Stephen Liang sold 43,683 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 9,551 shares in the company, valued at $1,106,292.33. This trade represents a 82.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Karsten Winther sold 5,500 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the transaction, the insider now owns 18,847 shares of the company's stock, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.63% of the company's stock.

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.