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

LDR Capital Management LLC lifted its stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 53.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,510 shares of the company's stock after purchasing an additional 4,693 shares during the period. Vertiv makes up 1.2% of LDR Capital Management LLC's investment portfolio, making the stock its 26th largest holding. LDR Capital Management LLC's holdings in Vertiv were worth $975,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. North Star Investment Management Corp. raised its position in Vertiv by 4,120.0% during the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock worth $30,000 after acquiring an additional 412 shares during the last quarter. Tradewinds Capital Management LLC raised its position in Vertiv by 61.3% during the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after acquiring an additional 111 shares during the last quarter. Pittenger & Anderson Inc. raised its position in Vertiv by 92.0% during the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock worth $36,000 after acquiring an additional 150 shares during the last quarter. Colonial Trust Co SC raised 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 acquiring an additional 214 shares during the last quarter. Finally, Ameriflex Group Inc. acquired a new position in Vertiv during the fourth quarter worth about $37,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Wall Street Analyst Weigh In

VRT has been the subject of a number of analyst reports. Barclays cut 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. Citigroup boosted their price objective on shares of Vertiv from $98.00 to $130.00 and gave the company a "buy" rating in a research report on Monday. Roth Mkm initiated coverage on shares of Vertiv in a research report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price objective for the company. The Goldman Sachs Group boosted their price objective on shares of Vertiv from $106.00 to $122.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Finally, Royal Bank Of Canada initiated coverage on shares of Vertiv in a research report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $126.69.

Vertiv Stock Up 0.3%

Shares of Vertiv stock opened at $116.79 on Wednesday. Vertiv Holdings Co. has a 1-year low of $53.60 and a 1-year high of $155.84. The company has a market capitalization of $44.51 billion, a PE ratio of 67.90, a P/E/G ratio of 1.21 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. The business has a 50-day moving average of $96.45 and a 200-day moving average of $103.69.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results 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 return on equity of 56.01% and a net margin of 7.92%. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the company posted $0.43 EPS. Vertiv's quarterly revenue was up 24.2% on a year-over-year basis. As a group, equities analysts forecast that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

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

Insiders Place Their Bets

In other Vertiv news, EVP Stephen Liang sold 43,683 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 9,551 shares of the company's stock, valued at approximately $1,106,292.33. This represents a 82.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Karsten Winther sold 5,500 shares of the 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 sale, 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 disclosure for this sale can be found here. 5.01% of the stock is owned by company insiders.

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.

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.