Vertiv Holdings Co. (NYSE:VRT) Shares Purchased by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. raised its position in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 40.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 91,355 shares of the company's stock after buying an additional 26,154 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Vertiv were worth $6,596,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of VRT. North Star Investment Management Corp. increased its stake in shares of Vertiv by 4,120.0% in the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock valued at $30,000 after purchasing an additional 412 shares in the last quarter. Colonial Trust Co SC boosted its position in Vertiv by 211.9% during the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after purchasing an additional 214 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in Vertiv in the fourth quarter valued at approximately $37,000. TD Private Client Wealth LLC increased its position in shares of Vertiv by 150.7% in the fourth quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock valued at $42,000 after buying an additional 223 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. purchased a new stake in shares of Vertiv in the first quarter valued at approximately $43,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Insider Activity at Vertiv

In other news, EVP Stephen Liang sold 43,683 shares of the company's 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 transaction, the executive vice president now directly owns 9,551 shares in the company, valued at approximately $1,106,292.33. This represents a 82.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the completion of the sale, the insider now owns 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 disclosure for this sale can be found here. 2.63% of the stock is currently owned by insiders.

Vertiv Trading Up 3.0%

NYSE:VRT traded up $3.68 during trading hours on Friday, hitting $127.48. The company had a trading volume of 8,952,784 shares, compared to its average volume of 8,625,636. Vertiv Holdings Co. has a 1 year low of $53.60 and a 1 year high of $155.84. The company has a market cap of $48.58 billion, a P/E ratio of 74.12, a P/E/G ratio of 1.22 and a beta of 1.73. The company has a 50-day moving average of $103.31 and a 200 day moving average of $103.39. The company has a current ratio of 1.72, a quick ratio of 1.28 and a debt-to-equity ratio of 1.09.

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, beating analysts' consensus estimates of $0.62 by $0.02. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the firm posted $0.43 earnings per share. Vertiv's quarterly revenue was up 24.2% on a year-over-year basis. Sell-side analysts expect 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 given a dividend of $0.0375 per share. This represents a dividend yield of 0.14%. The ex-dividend date of this dividend was Monday, June 16th. This is a positive change from Vertiv's previous dividend of $0.01. Vertiv's payout ratio is presently 8.72%.

Analyst Ratings Changes

A number of research firms recently issued reports on VRT. Evercore ISI reissued an "outperform" rating and issued a $150.00 price target (up previously from $100.00) on shares of Vertiv in a research note on Tuesday, May 27th. Barclays decreased their price objective on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. Royal Bank Of Canada began coverage on shares of Vertiv in a research note on Friday, March 7th. They set an "outperform" rating and a $121.00 target price for the company. Morgan Stanley decreased their price target on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Finally, Roth Mkm began coverage on Vertiv in a research note on Tuesday, April 8th. They set a "buy" rating and a $75.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $126.69.

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.