Maxi Investments CY Ltd Has $1.88 Million Position in Vertiv Holdings Co. (NYSE:VRT)

Key Points

• Maxi Investments CY Ltd increased its stake in Vertiv Holdings Co. by 160.3% in the first quarter, now owning 26,025 shares valued at approximately $1.88 million.
• Insider Karsten Winther sold 5,500 shares of Vertiv, significantly reducing their position by 22.59%, while EVP Stephen Liang sold 43,683 shares, decreasing their ownership by 82.06%.
• Vertiv recently declared a dividend of $0.0375 per share, marking an increase from the previous dividend of $0.01, with a yield of 14.0%.

Maxi Investments CY Ltd grew its stake in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 160.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,025 shares of the company's stock after purchasing an additional 16,025 shares during the quarter. Maxi Investments CY Ltd's holdings in Vertiv were worth $1,879,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Vertiv by 54.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,314,934 shares of the company's stock valued at $263,000,000 after acquiring an additional 812,389 shares in the last quarter. Northern Trust Corp grew its stake in shares of Vertiv by 21.9% in the fourth quarter. Northern Trust Corp now owns 2,713,234 shares of the company's stock valued at $308,251,000 after acquiring an additional 487,909 shares in the last quarter. Voloridge Investment Management LLC grew its stake in Vertiv by 370.7% during the fourth quarter. Voloridge Investment Management LLC now owns 607,384 shares of the company's stock worth $69,005,000 after buying an additional 478,350 shares in the last quarter. Royal Bank of Canada grew its stake in Vertiv by 52.5% during the fourth quarter. Royal Bank of Canada now owns 1,173,242 shares of the company's stock worth $133,293,000 after buying an additional 403,882 shares in the last quarter. Finally, LBP AM SA grew its stake in Vertiv by 76.8% during the first quarter. LBP AM SA now owns 864,352 shares of the company's stock worth $62,406,000 after buying an additional 375,510 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

Insider Buying and Selling at Vertiv

In other news, EVP Stephen Liang sold 43,683 shares of Vertiv stock in a transaction 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 $1,106,292.33. The trade was a 82.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction 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 directly owned 18,847 shares of the company's stock, valued at approximately $1,777,837.51. The trade was a 22.59% decrease in their position. The disclosure for this sale can be found here. Insiders own 5.01% of the company's stock.

Vertiv Trading Down 1.0%

Vertiv stock traded down $1.36 during mid-day trading on Tuesday, hitting $138.84. 5,084,088 shares of the stock were exchanged, compared to its average volume of 9,007,200. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 0.93. Vertiv Holdings Co. has a 12 month low of $53.60 and a 12 month high of $155.84. The firm's fifty day simple moving average is $123.19 and its two-hundred day simple moving average is $104.51. The stock has a market capitalization of $52.91 billion, a price-to-earnings ratio of 66.43, a PEG ratio of 1.23 and a beta of 1.77.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.12. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.36 billion. Vertiv had a net margin of 8.93% and a return on equity of 51.64%. The company's revenue was up 35.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.67 EPS. Analysts forecast that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were paid a $0.0375 dividend. The ex-dividend date was Monday, June 16th. This represents a dividend yield of 14.0%. This is an increase from Vertiv's previous dividend of $0.01. Vertiv's dividend payout ratio (DPR) is presently 7.18%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on VRT shares. Roth Capital increased their price objective on shares of Vertiv from $100.00 to $157.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. KGI Securities started coverage on shares of Vertiv in a research note on Thursday, April 24th. They set a "hold" rating on the stock. Mizuho increased their price objective on shares of Vertiv from $125.00 to $150.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 16th. The Goldman Sachs Group reiterated a "buy" rating on shares of Vertiv in a research note on Friday, July 11th. Finally, Wolfe Research restated an "outperform" rating and issued a $155.00 price target on shares of Vertiv in a research note on Thursday, July 10th. Three research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $144.06.

About Vertiv

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.