Vertiv Holdings Co. (NYSE:VRT) Shares Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC boosted its position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 25.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,339 shares of the company's stock after purchasing an additional 9,057 shares during the period. Wealthfront Advisers LLC's holdings in Vertiv were worth $3,273,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of VRT. North Star Investment Management Corp. boosted its holdings in shares of Vertiv by 4,120.0% in 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 during the period. Colonial Trust Co SC boosted its holdings in Vertiv by 211.9% during the 4th 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. bought a new stake in shares of Vertiv during the 4th quarter worth $37,000. TD Private Client Wealth LLC grew its holdings in Vertiv by 37.5% during the 1st quarter. TD Private Client Wealth LLC now owns 510 shares of the company's stock valued at $37,000 after buying an additional 139 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. purchased a new stake in Vertiv in the first quarter worth approximately $43,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Stock Performance

Shares of Vertiv stock opened at $131.15 on Friday. The stock has a market capitalization of $49.98 billion, a price-to-earnings ratio of 76.25, a PEG ratio of 1.25 and a beta of 1.75. Vertiv Holdings Co. has a 12 month low of $53.60 and a 12 month high of $155.84. The firm's fifty day simple moving average is $115.44 and its 200-day simple moving average is $104.03. 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 (NYSE:VRT - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. The firm 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%. Vertiv's revenue was up 24.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 earnings per share. As a group, equities analysts forecast that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were issued a dividend of $0.0375 per share. 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 is 8.72%.

Insider Buying and Selling at Vertiv

In other Vertiv news, EVP Stephen Liang sold 43,683 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 9,551 shares in the company, valued at approximately $1,106,292.33. This trade represents a 82.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction on Friday, May 9th. The stock was sold at an average price of $94.33, for a total value 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. The trade was a 22.59% decrease in their position. The disclosure for this sale can be found here. 2.63% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

VRT has been the subject of a number of recent research reports. Oppenheimer lifted their target price on Vertiv from $132.00 to $140.00 and gave the stock an "outperform" rating in a report on Thursday. The Goldman Sachs Group restated a "buy" rating on shares of Vertiv in a research note on Friday, July 11th. Melius Research raised Vertiv from a "hold" rating to a "strong-buy" rating and lifted their price objective for the company from $134.00 to $165.00 in a report on Tuesday, July 8th. Roth Mkm initiated coverage on Vertiv in a report on Tuesday, April 8th. They set a "buy" rating and a $75.00 price objective for the company. Finally, Wolfe Research reissued an "outperform" rating and issued a $155.00 target price on shares of Vertiv in a report on Thursday, July 10th. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $136.76.

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.

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