Vertiv Holdings Co. (NYSE:VRT) Shares Purchased by Perigon Wealth Management LLC

Perigon Wealth Management LLC increased its holdings in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 8.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,189 shares of the company's stock after purchasing an additional 2,023 shares during the quarter. Perigon Wealth Management LLC's holdings in Vertiv were worth $1,819,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. IFP Advisors Inc boosted its holdings in Vertiv by 462.5% in the 4th quarter. IFP Advisors Inc now owns 7,161 shares of the company's stock worth $814,000 after acquiring an additional 5,888 shares during the period. Lake Street Advisors Group LLC boosted its holdings in Vertiv by 2.8% in the 4th quarter. Lake Street Advisors Group LLC now owns 5,751 shares of the company's stock worth $653,000 after acquiring an additional 155 shares during the period. Advisor OS LLC boosted its holdings in Vertiv by 17.6% in the 4th quarter. Advisor OS LLC now owns 2,766 shares of the company's stock worth $314,000 after acquiring an additional 414 shares during the period. Whipplewood Advisors LLC purchased a new position in Vertiv in the 4th quarter worth approximately $107,000. Finally, Mn Services Vermogensbeheer B.V. boosted its holdings in Vertiv by 4.0% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 144,500 shares of the company's stock worth $16,417,000 after acquiring an additional 5,500 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.

Insiders Place Their Bets

In other Vertiv news, 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 sale, the insider now directly owns 18,847 shares of the company's stock, valued at $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 sale, the executive vice president now directly owns 9,551 shares in the company, valued at $1,106,292.33. This represents 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 owned by corporate insiders.

Vertiv Stock Performance

Shares of VRT opened at $127.48 on Friday. The business's fifty day moving average price is $104.39 and its 200 day moving average price is $103.43. Vertiv Holdings Co. has a 12-month low of $53.60 and a 12-month high of $155.84. The stock has a market capitalization of $48.58 billion, a PE ratio of 74.12, a price-to-earnings-growth ratio of 1.24 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.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The firm had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same period last year, the business posted $0.43 earnings per share. The firm's revenue for the quarter was up 24.2% on a year-over-year basis. Equities research analysts forecast that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Roth Mkm assumed coverage on Vertiv in a report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price target for the company. Royal Bank Of Canada assumed coverage on Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 price target for the company. Cowen restated a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Evercore ISI reiterated an "outperform" rating and set a $150.00 target price (up from $100.00) on shares of Vertiv in a research note on Tuesday, May 27th. Finally, Citigroup increased their target price on Vertiv from $98.00 to $130.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $126.69.

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.

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