Lecap Asset Management Ltd. Increases Stock Position in Vertiv Holdings Co. (NYSE:VRT)

Lecap Asset Management Ltd. lifted its position in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 200.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,197 shares of the company's stock after purchasing an additional 22,137 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Vertiv were worth $2,397,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in VRT. Vanguard Group Inc. lifted its stake in Vertiv by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock valued at $4,130,415,000 after buying an additional 1,244,780 shares during the last quarter. Geode Capital Management LLC raised its position in Vertiv by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock valued at $688,260,000 after purchasing an additional 99,181 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Vertiv in the 4th quarter valued at $597,379,000. Wellington Management Group LLP boosted its stake in Vertiv by 25.3% during the 4th quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock worth $557,349,000 after purchasing an additional 990,361 shares during the period. Finally, Clearbridge Investments LLC grew its position in Vertiv by 4.8% during the 4th quarter. Clearbridge Investments LLC now owns 3,647,326 shares of the company's stock worth $414,373,000 after purchasing an additional 167,061 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Karsten Winther sold 5,500 shares of the business's stock in a transaction that occurred 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 owns 18,847 shares of the company's stock, valued at $1,777,837.51. The trade was a 22.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Stephen Liang sold 43,683 shares of the firm'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 completion of the transaction, the executive vice president now directly owns 9,551 shares of the company's stock, valued at $1,106,292.33. The trade was 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 currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on VRT shares. Royal Bank Of Canada initiated coverage on shares of Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 target price for the company. Morgan Stanley reduced their price objective on Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Cowen reaffirmed a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. Barclays lowered their target price on Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. Finally, Wall Street Zen upgraded Vertiv from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 21st. Five 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 stock. According to MarketBeat.com, Vertiv currently has a consensus rating of "Moderate Buy" and a consensus price target of $126.69.

Vertiv Price Performance

VRT stock traded up $2.26 on Thursday, reaching $123.90. 5,357,120 shares of the company's stock were exchanged, compared to its average volume of 8,624,325. The stock has a fifty day moving average of $102.29 and a 200-day moving average of $103.41. The firm has a market cap of $47.22 billion, a PE ratio of 72.04, a P/E/G ratio of 1.23 and a beta of 1.73. The company has a quick ratio of 1.28, a current ratio of 1.72 and a debt-to-equity ratio of 1.09. 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 issued 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. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. The business's revenue was up 24.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 EPS. As a group, equities analysts predict that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th will be given 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 is Monday, June 16th. Vertiv's dividend payout ratio is presently 8.72%.

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.