Vertiv Holdings Co. (NYSE:VRT) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its holdings in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 4.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 133,870 shares of the company's stock after purchasing an additional 5,852 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Vertiv were worth $9,665,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Prestige Wealth Management Group LLC increased its position in Vertiv by 2.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company's stock worth $420,000 after purchasing an additional 85 shares in the last quarter. Horizon Investment Services LLC grew its position in Vertiv by 4.1% in the fourth quarter. Horizon Investment Services LLC now owns 2,410 shares of the company's stock valued at $274,000 after acquiring an additional 95 shares in the last quarter. Focus Partners Advisor Solutions LLC grew its position in Vertiv by 3.1% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company's stock valued at $367,000 after acquiring an additional 97 shares in the last quarter. Utah Retirement Systems grew its position in Vertiv by 0.3% in the fourth quarter. Utah Retirement Systems now owns 39,300 shares of the company's stock valued at $4,465,000 after acquiring an additional 100 shares in the last quarter. Finally, Wahed Invest LLC grew its position in Vertiv by 1.2% in the fourth quarter. Wahed Invest LLC now owns 8,798 shares of the company's stock valued at $1,000,000 after acquiring an additional 105 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Barclays lowered their price objective on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. Roth Capital raised shares of Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Wall Street Zen upgraded Vertiv from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 21st. Finally, KGI Securities assumed coverage on Vertiv in a research note on Thursday, April 24th. They set a "hold" rating for the company. Five equities research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $126.69.

Vertiv Stock Performance

Shares of VRT opened at $127.48 on Friday. The business's fifty day moving average price is $104.39 and its 200 day moving average price is $103.43. Vertiv Holdings Co. has a 12-month low of $53.60 and a 12-month high of $155.84. The stock has a market capitalization of $48.58 billion, a PE ratio of 74.12, a price-to-earnings-growth ratio of 1.24 and a beta of 1.73. 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 issued its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the company earned $0.43 earnings per share. The firm's revenue for the quarter was up 24.2% on a year-over-year basis. Equities research analysts forecast that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were given a $0.0375 dividend. The ex-dividend date was Monday, June 16th. This is a positive change from Vertiv's previous dividend of $0.01. This represents a yield of 0.14%. Vertiv's dividend payout ratio (DPR) is currently 8.72%.

Insiders Place Their Bets

In other news, insider Karsten Winther sold 5,500 shares of the firm's stock in a transaction 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 transaction, the insider now directly owns 18,847 shares of the company's stock, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen Liang sold 43,683 shares of Vertiv stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the completion of the transaction, the executive vice president now directly owns 9,551 shares in the company, valued at $1,106,292.33. This represents a 82.06% decrease in their position. The disclosure for this sale can be found here. 2.63% of the stock is owned by corporate insiders.

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.

Want to see what other hedge funds are holding VRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vertiv Holdings Co. (NYSE:VRT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.