Vertiv Holdings Co. (NYSE:VRT) Shares Purchased by Copeland Capital Management LLC

Copeland Capital Management LLC boosted its position in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 547.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,293 shares of the company's stock after buying an additional 7,858 shares during the quarter. Copeland Capital Management LLC's holdings in Vertiv were worth $671,000 at the end of the most recent quarter.

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

Vertiv Price Performance

NYSE VRT opened at $127.48 on Friday. Vertiv Holdings Co. has a 52 week low of $53.60 and a 52 week high of $155.84. 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 cap of $48.58 billion, a price-to-earnings ratio of 74.12, a price-to-earnings-growth ratio of 1.28 and a beta of 1.73. The company has a 50-day moving average price of $104.39 and a two-hundred day moving average price of $103.28.

Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $1.94 billion. During the same quarter in the prior year, the firm earned $0.43 EPS. Vertiv's quarterly revenue was up 24.2% on a year-over-year basis. Analysts forecast that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

The company 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. This is a boost from Vertiv's previous dividend of $0.01. The ex-dividend date was Monday, June 16th. This represents a yield of 0.14%. Vertiv's dividend payout ratio is 8.72%.

Wall Street Analyst Weigh In

VRT has been the topic of a number of recent analyst reports. Barclays cut their target price on shares of Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. Roth Capital upgraded shares of Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Morgan Stanley dropped their price objective 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. Wall Street Zen upgraded shares of Vertiv from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 21st. Finally, Cowen reiterated a "buy" rating on shares of Vertiv in a research note on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $126.69.

Insiders Place Their Bets

In other news, insider Karsten Winther sold 5,500 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the completion of the transaction, the insider now directly owns 18,847 shares in the company, valued at $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Stephen Liang sold 43,683 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were 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 owns 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. 2.63% of the stock is owned by 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.

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