Russell Investments Group Ltd. Acquires 387,719 Shares of Vertiv Holdings Co. (NYSE:VRT)

Russell Investments Group Ltd. lifted its stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 321.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 508,259 shares of the company's stock after buying an additional 387,719 shares during the period. Russell Investments Group Ltd. owned approximately 0.13% of Vertiv worth $37,001,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VRT. GW&K Investment Management LLC purchased a new position in Vertiv in the first quarter valued at about $26,000. SouthState Corp acquired a new stake in Vertiv during the first quarter valued at approximately $27,000. North Star Investment Management Corp. raised its stake in Vertiv by 4,120.0% during the first 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 in the last quarter. Sachetta LLC raised its stake in Vertiv by 242.0% during the first quarter. Sachetta LLC now owns 448 shares of the company's stock valued at $32,000 after buying an additional 317 shares in the last quarter. Finally, Colonial Trust Co SC raised its stake in Vertiv by 211.9% during the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company's stock valued at $36,000 after buying an additional 214 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Analyst Upgrades and Downgrades

VRT has been the topic of several research reports. Zacks Research upgraded Vertiv to a "strong-buy" rating in a research note on Monday. Wolfe Research reiterated an "outperform" rating and set a $155.00 price target on shares of Vertiv in a research report on Thursday, July 10th. Wall Street Zen upgraded Vertiv from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 21st. UBS Group raised their target price on Vertiv from $135.00 to $173.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Roth Capital raised their target price on Vertiv from $100.00 to $157.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Three investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, Vertiv presently has a consensus rating of "Buy" and an average target price of $144.06.

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Karsten Winther sold 41,654 shares of the company's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $134.21, for a total transaction of $5,590,383.34. Following the completion of the sale, the insider owned 18,848 shares in the company, valued at approximately $2,529,590.08. The trade was a 68.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Stephen Liang sold 43,683 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the sale, the executive vice president owned 9,551 shares of the company's stock, valued at $1,106,292.33. The trade was a 82.06% decrease in their position. The disclosure for this sale can be found here. 2.63% of the stock is currently owned by corporate insiders.

Vertiv Price Performance

Shares of NYSE:VRT traded up $0.34 during trading on Friday, reaching $132.86. The stock had a trading volume of 6,204,076 shares, compared to its average volume of 7,781,719. Vertiv Holdings Co. has a 52 week low of $53.60 and a 52 week high of $155.84. The business's 50-day moving average price is $128.12 and its 200 day moving average price is $105.20. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.74 and a quick ratio of 1.35. The stock has a market capitalization of $50.74 billion, a PE ratio of 63.57, a P/E/G ratio of 1.17 and a beta of 1.77.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.12. Vertiv had a return on equity of 51.64% and a net margin of 8.93%. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the business earned $0.67 EPS. The business's revenue for the quarter was up 35.1% compared to the same quarter last year. As a group, equities analysts predict that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were issued a dividend of $0.0375 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a yield of 14.0%. This is a positive change from Vertiv's previous dividend of $0.01. Vertiv's dividend payout ratio (DPR) is currently 7.18%.

Vertiv Company 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.