Vertiv Holdings Co. (NYSE:VRT) Shares Acquired by AE Wealth Management LLC

AE Wealth Management LLC raised its stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 440.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,079 shares of the company's stock after purchasing an additional 8,214 shares during the quarter. AE Wealth Management LLC's holdings in Vertiv were worth $728,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Schroder Investment Management Group boosted its holdings in shares of Vertiv by 95.3% in the 4th quarter. Schroder Investment Management Group now owns 1,167,536 shares of the company's stock valued at $135,621,000 after acquiring an additional 569,722 shares during the last quarter. Bedell Frazier Investment Counselling LLC purchased a new position in Vertiv during the fourth quarter valued at $415,000. Ibex Wealth Advisors lifted its holdings in Vertiv by 10.5% during the first quarter. Ibex Wealth Advisors now owns 73,739 shares of the company's stock valued at $5,324,000 after purchasing an additional 6,989 shares in the last quarter. Gallo Partners LP purchased a new position in Vertiv during the fourth quarter valued at $1,826,000. Finally, Massachusetts Financial Services Co. MA purchased a new position in Vertiv during the fourth quarter valued at $597,379,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Trading Down 2.5%

Vertiv stock traded down $3.58 during midday trading on Friday, hitting $142.02. 5,498,909 shares of the stock were exchanged, compared to its average volume of 9,508,311. 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 stock has a market capitalization of $54.12 billion, a price-to-earnings ratio of 67.82, a PEG ratio of 1.34 and a beta of 1.75. The stock's 50-day simple moving average is $121.71 and its 200 day simple moving average is $104.78. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.12. Vertiv had a net margin of 8.93% and a return on equity of 56.24%. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter last year, the firm posted $0.67 earnings per share. Vertiv's revenue was up 35.1% compared to the same quarter last year. On average, equities analysts anticipate that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 17th were paid a $0.0375 dividend. This is an increase from Vertiv's previous dividend of $0.01. This represents a yield of 14.0%. The ex-dividend date was Monday, June 16th. Vertiv's payout ratio is presently 7.18%.

Insider Buying and Selling

In related news, EVP Stephen Liang sold 43,683 shares of Vertiv stock in a transaction that occurred on 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 owned 9,551 shares in the company, valued at $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Karsten Winther sold 5,500 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $94.33, for a total transaction of $518,815.00. Following the sale, the insider directly owned 18,847 shares in the company, valued at approximately $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 insiders.

Analyst Upgrades and Downgrades

VRT has been the topic of several recent analyst reports. Evercore ISI reaffirmed an "outperform" rating on shares of Vertiv in a report on Thursday, July 10th. KGI Securities initiated coverage on shares of Vertiv in a report on Thursday, April 24th. They set a "hold" rating on the stock. Oppenheimer set a $151.00 price objective on shares of Vertiv and gave the company an "outperform" rating in a report on Thursday. Morgan Stanley decreased their price objective on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Finally, Cowen reaffirmed a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $144.06.

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.