Mediolanum International Funds Ltd Purchases 60,445 Shares of Vertiv Holdings Co. (NYSE:VRT)

Key Points

• Mediolanum International Funds Ltd increased its holdings in Vertiv Holdings Co. by 43.0%, now owning approximately 0.05% of the company, valued at nearly $15 million.
• Notable insider transactions included Stephen Liang selling over 43,000 shares, marking an 82.06% decrease in his ownership.
• Analysts have issued a consensus rating of "Buy" for Vertiv, with a target price averaging $136.76, reflecting strong confidence in the company's stock performance.

Mediolanum International Funds Ltd lifted its holdings in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 43.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,980 shares of the company's stock after purchasing an additional 60,445 shares during the period. Mediolanum International Funds Ltd owned about 0.05% of Vertiv worth $14,923,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in VRT. GW&K Investment Management LLC bought a new stake in shares of Vertiv during the 1st quarter worth $26,000. North Star Investment Management Corp. raised its stake in 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. Sachetta LLC raised its stake in Vertiv by 242.0% in the 1st quarter. Sachetta LLC now owns 448 shares of the company's stock valued at $32,000 after acquiring an additional 317 shares during the period. Colonial Trust Co SC raised its stake in 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. Finally, Ameriflex Group Inc. bought a new stake in Vertiv in the 4th quarter valued at about $37,000. 89.92% of the stock is currently owned by institutional investors.

Vertiv Trading Up 3.8%

Shares of Vertiv stock traded up $5.27 during midday trading on Monday, reaching $142.74. 10,596,018 shares of the company's stock traded hands, compared to its average volume of 9,425,201. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.28 and a current ratio of 1.72. The company has a market cap of $54.40 billion, a PE ratio of 82.99, a price-to-earnings-growth ratio of 1.37 and a beta of 1.75. The stock has a 50 day moving average of $118.59 and a 200-day moving average of $103.98. Vertiv Holdings Co. has a 12 month low of $53.60 and a 12 month high of $155.84.

Vertiv Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 17th were issued a dividend of $0.0375 per share. This represents a dividend 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 is currently 8.72%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Roth Capital upgraded Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Wall Street Zen upgraded Vertiv from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 21st. Oppenheimer boosted their price objective on Vertiv from $132.00 to $140.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. Roth Mkm initiated coverage on Vertiv in a report on Tuesday, April 8th. They set a "buy" rating and a $75.00 target price for the company. Finally, Evercore ISI reaffirmed an "outperform" rating on shares of Vertiv in a report on Thursday, July 10th. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $136.76.

Insider Buying and Selling

In other Vertiv news, EVP Stephen Liang sold 43,683 shares of the stock in a transaction on Friday, June 6th. The stock was 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 owned 9,551 shares in the company, valued at approximately $1,106,292.33. This represents a 82.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $518,815.00. Following the completion of the transaction, the insider owned 18,847 shares of the company's stock, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their position. The disclosure for this sale can be found here. 5.01% of the stock is owned by corporate 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.