Whipplewood Advisors LLC Increases Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Whipplewood Advisors LLC increased its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 2,272.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,373 shares of the company's stock after acquiring an additional 21,430 shares during the quarter. Whipplewood Advisors LLC's holdings in Vertiv were worth $1,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. SOA Wealth Advisors LLC. purchased a new stake in shares of Vertiv during the fourth quarter worth about $26,000. Tradewinds Capital Management LLC grew its position in shares of Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after buying an additional 111 shares during the last quarter. Pittenger & Anderson Inc. raised 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 valued at $36,000 after acquiring an additional 150 shares in the last quarter. Colonial Trust Co SC lifted its stake in 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 period. Finally, Ameriflex Group Inc. purchased a new stake in Vertiv in the fourth quarter worth $37,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Stock Performance

VRT stock traded down $0.59 during midday trading on Thursday, reaching $112.26. 4,748,495 shares of the company's stock traded hands, compared to its average volume of 8,836,738. The stock's 50-day moving average is $88.38 and its 200 day moving average is $105.12. The stock has a market cap of $42.78 billion, a P/E ratio of 87.70, a PEG ratio of 1.07 and a beta of 1.70. Vertiv Holdings Co has a 52-week low of $53.60 and a 52-week high of $155.84. 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 posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. The firm had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The business's quarterly revenue was up 24.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 EPS. As a group, analysts anticipate that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.13%. The ex-dividend date was Tuesday, March 18th. Vertiv's dividend payout ratio is 8.72%.

Insider Activity

In other news, insider Karsten Winther sold 5,500 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the completion of the sale, the insider now owns 18,847 shares in the company, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.63% of the company's stock.

Analyst Ratings Changes

VRT has been the subject of several research reports. Roth Capital upgraded shares of Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Roth Mkm began coverage on Vertiv in a report on Tuesday, April 8th. They set a "buy" rating and a $75.00 price target for the company. KGI Securities began coverage on Vertiv in a report on Thursday, April 24th. They issued a "hold" rating for the company. Citigroup lowered their price target on Vertiv from $153.00 to $98.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Cowen reaffirmed a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $122.38.

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.