Vertiv Holdings Co. (NYSE:VRT) Shares Acquired by Prakash Investment Advisors LLC

Prakash Investment Advisors LLC increased its position in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 85.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,720 shares of the company's stock after acquiring an additional 3,100 shares during the period. Vertiv makes up about 0.5% of Prakash Investment Advisors LLC's investment portfolio, making the stock its 27th biggest position. Prakash Investment Advisors LLC's holdings in Vertiv were worth $485,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of VRT. Oppenheimer Asset Management Inc. grew its holdings in Vertiv by 17.7% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 33,220 shares of the company's stock valued at $3,774,000 after buying an additional 4,984 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Vertiv during the 4th quarter valued at $14,495,000. QRG Capital Management Inc. grew its holdings in Vertiv by 62.3% during the 4th quarter. QRG Capital Management Inc. now owns 40,225 shares of the company's stock valued at $4,570,000 after buying an additional 15,438 shares during the last quarter. Fort Sheridan Advisors LLC grew its holdings in Vertiv by 8.9% during the 4th quarter. Fort Sheridan Advisors LLC now owns 3,840 shares of the company's stock valued at $436,000 after buying an additional 315 shares during the last quarter. Finally, Private Trust Co. NA grew its holdings in Vertiv by 67.7% during the 4th quarter. Private Trust Co. NA now owns 3,693 shares of the company's stock valued at $420,000 after buying an additional 1,491 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Trading Up 3.0%

Shares of VRT opened at $127.48 on Friday. 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 firm has a market capitalization of $48.58 billion, a P/E ratio of 74.12, a price-to-earnings-growth ratio of 1.28 and a beta of 1.73. The stock's fifty day simple moving average is $104.39 and its 200 day simple moving average is $103.28. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $155.84.

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

Vertiv Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 17th were given a $0.0375 dividend. This is a positive change from Vertiv's previous dividend of $0.01. This represents a dividend yield of 0.14%. The ex-dividend date of this dividend was Monday, June 16th. Vertiv's dividend payout ratio (DPR) is 8.72%.

Insider Buying and Selling

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $94.33, for a total value of $518,815.00. Following the transaction, the insider now directly owns 18,847 shares of the company's stock, valued at $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Stephen Liang sold 43,683 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were 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 now directly owns 9,551 shares in the company, valued at $1,106,292.33. This trade represents a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.63% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Roth Mkm assumed coverage on Vertiv in a report on Tuesday, April 8th. They set a "buy" rating and a $75.00 target price on the stock. Evercore ISI reiterated an "outperform" rating and set a $150.00 target price (up previously from $100.00) on shares of Vertiv in a report on Tuesday, May 27th. Cowen reiterated a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Royal Bank Of Canada initiated coverage on Vertiv in a report on Friday, March 7th. They set an "outperform" rating and a $121.00 target price on the stock. Finally, Citigroup increased their price target on Vertiv from $98.00 to $130.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.