Braun Stacey Associates Inc. Buys 13,094 Shares of Vertiv Holdings Co. (NYSE:VRT)

Braun Stacey Associates Inc. raised its holdings in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 3.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 398,544 shares of the company's stock after purchasing an additional 13,094 shares during the period. Vertiv comprises approximately 1.2% of Braun Stacey Associates Inc.'s holdings, making the stock its 22nd largest holding. Braun Stacey Associates Inc. owned about 0.10% of Vertiv worth $28,775,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in VRT. Smartleaf Asset Management LLC raised its position in shares of Vertiv by 91.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,240 shares of the company's stock valued at $144,000 after acquiring an additional 592 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Vertiv by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,746,111 shares of the company's stock valued at $198,376,000 after acquiring an additional 45,917 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Vertiv by 56.2% during the 4th quarter. Victory Capital Management Inc. now owns 642,976 shares of the company's stock valued at $73,049,000 after acquiring an additional 231,465 shares in the last quarter. Assetmark Inc. raised its position in shares of Vertiv by 2,000.0% during the 4th quarter. Assetmark Inc. now owns 546 shares of the company's stock valued at $62,000 after acquiring an additional 520 shares in the last quarter. Finally, M&T Bank Corp raised its position in shares of Vertiv by 2.9% during the 4th quarter. M&T Bank Corp now owns 36,936 shares of the company's stock valued at $4,196,000 after acquiring an additional 1,025 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Stock Down 1.0%

Vertiv stock traded down $1.27 during mid-day trading on Monday, hitting $126.57. The company's stock had a trading volume of 4,406,262 shares, compared to its average volume of 8,535,197. The firm's 50 day moving average is $110.06 and its 200 day moving average is $103.37. The company has a market cap of $48.24 billion, a PE ratio of 73.59, a price-to-earnings-growth ratio of 1.27 and a beta of 1.75. 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 Holdings Co. has a 52-week low of $53.60 and a 52-week high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last announced 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 firm had revenue of $2.04 billion during 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 business's revenue for the quarter was up 24.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 EPS. On average, analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was 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 (DPR) is 8.72%.

Insider Transactions at Vertiv

In other 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 transaction of $518,815.00. Following the completion of the sale, the insider directly owned 18,847 shares of the company's stock, valued at $1,777,837.51. This trade represents a 22.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Stephen Liang sold 43,683 shares of the firm's stock in a transaction dated 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 directly owned 9,551 shares of the company's stock, 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. 5.01% of the stock is owned by company insiders.

Analysts Set New Price Targets

VRT has been the topic of several research reports. KGI Securities initiated coverage on Vertiv in a research report on Thursday, April 24th. They set a "hold" rating on the stock. Evercore ISI restated an "outperform" rating and set a $150.00 price objective (up from $100.00) on shares of Vertiv in a research note on Tuesday, May 27th. The Goldman Sachs Group upped their price objective on Vertiv from $106.00 to $122.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Barclays lowered their price objective on Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research note on Friday, April 4th. Finally, JPMorgan Chase & Co. upped their price objective on Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $126.69.

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.