IFM Investors Pty Ltd Raises Position in Vertiv Holdings Co. (NYSE:VRT)

IFM Investors Pty Ltd increased its position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 8.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,074 shares of the company's stock after acquiring an additional 6,042 shares during the quarter. IFM Investors Pty Ltd's holdings in Vertiv were worth $5,493,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. North Star Investment Management Corp. increased its position 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 acquiring an additional 412 shares during the period. Colonial Trust Co SC increased its position in shares of Vertiv by 211.9% in the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company's stock valued at $36,000 after acquiring an additional 214 shares during the period. Ameriflex Group Inc. acquired a new position in shares of Vertiv in the 4th quarter valued at $37,000. TD Private Client Wealth LLC increased its position in shares of Vertiv by 150.7% in the 4th quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock valued at $42,000 after acquiring an additional 223 shares during the period. Finally, Mizuho Securities Co. Ltd. acquired a new stake in Vertiv during the 1st quarter worth about $43,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Trading Down 5.9%

Shares of NYSE VRT traded down $7.56 during midday trading on Thursday, reaching $120.81. 24,660,434 shares of the stock were exchanged, compared to its average volume of 8,603,980. The company has a 50 day simple moving average of $111.72 and a 200 day simple moving average of $103.70. The stock has a market capitalization of $46.04 billion, a P/E ratio of 70.24, a PEG ratio of 1.25 and a beta of 1.75. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.28 and a current ratio of 1.72. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, beating 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 the consensus estimate of $1.94 billion. During the same quarter last year, the firm earned $0.43 EPS. The firm's revenue for the quarter was up 24.2% on a year-over-year basis. As a group, equities analysts expect 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. Investors of record on Tuesday, June 17th were issued a $0.0375 dividend. This represents a yield of 0.14%. The ex-dividend date of this dividend was Monday, June 16th. This is an increase from Vertiv's previous dividend of $0.01. Vertiv's dividend payout ratio (DPR) is 8.72%.

Insider Activity at Vertiv

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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Karsten Winther sold 5,500 shares of the firm's 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 transaction, the insider directly owned 18,847 shares of the company's stock, valued at $1,777,837.51. This 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 company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. KGI Securities assumed coverage on shares of Vertiv in a research note on Thursday, April 24th. They set a "hold" rating on the stock. Evercore ISI reissued an "outperform" rating on shares of Vertiv in a research note on Thursday. The Goldman Sachs Group raised their price target on shares of Vertiv from $106.00 to $122.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Citigroup raised their price target on shares of Vertiv from $98.00 to $130.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Finally, JPMorgan Chase & Co. raised their price target on shares of Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. 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 company presently has an average rating of "Buy" and a consensus target price of $132.94.

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.