PFG Investments LLC Has $566,000 Stake in Vertiv Holdings Co. (NYSE:VRT)

PFG Investments LLC lifted its stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 44.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,836 shares of the company's stock after acquiring an additional 2,404 shares during the quarter. PFG Investments LLC's holdings in Vertiv were worth $566,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in VRT. North Star Investment Management Corp. increased its position in Vertiv by 4,120.0% in the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock worth $30,000 after buying an additional 412 shares during the period. Colonial Trust Co SC grew its stake in shares of Vertiv by 211.9% in the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after acquiring an additional 214 shares during the last quarter. Ameriflex Group Inc. acquired a new position in Vertiv during the 4th quarter valued at $37,000. TD Private Client Wealth LLC boosted its holdings in Vertiv by 150.7% in the 4th quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock valued at $42,000 after purchasing an additional 223 shares during the period. Finally, BNP Paribas bought a new position in shares of Vertiv during the 4th quarter worth about $45,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Analysts Set New Price Targets

VRT has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Roth Mkm started coverage on shares of Vertiv in a research report on Tuesday, April 8th. They set a "buy" rating and a $75.00 target price on the stock. Cowen reissued a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. Royal Bank Of Canada began coverage on Vertiv in a report on Friday, March 7th. They set an "outperform" rating and a $121.00 price objective on the stock. Finally, Citigroup increased their target price on Vertiv from $98.00 to $130.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Vertiv has a consensus rating of "Moderate Buy" and a consensus target price of $126.69.

Vertiv Stock Up 5.1%

Shares of NYSE VRT traded up $5.91 during mid-day trading on Tuesday, reaching $122.45. 5,114,945 shares of the company's stock were exchanged, compared to its average volume of 8,639,520. The company has a current ratio of 1.72, a quick ratio of 1.28 and a debt-to-equity ratio of 1.09. The business has a fifty day simple moving average of $100.30 and a 200 day simple moving average of $103.15. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $155.84. The firm has a market capitalization of $46.67 billion, a price-to-earnings ratio of 71.19, a PEG ratio of 1.19 and a beta of 1.73.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. The firm's revenue was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 earnings per share. As a group, equities analysts expect that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th will be paid a $0.0375 dividend. This is a boost from Vertiv's previous dividend of $0.01. The ex-dividend date is Monday, June 16th. This represents a yield of 0.14%. 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 on 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 sale, the executive vice president now owns 9,551 shares in the company, valued at approximately $1,106,292.33. This represents a 82.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Karsten Winther sold 5,500 shares of the company'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 transaction, the insider now owns 18,847 shares in the company, valued at approximately $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. Company insiders own 5.01% of the company's stock.

About Vertiv

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.