Vertiv Holdings Co. (NYSE:VRT) Shares Purchased by TT International Asset Management LTD

TT International Asset Management LTD grew its stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 55.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,045 shares of the company's stock after buying an additional 19,212 shares during the period. Vertiv accounts for 0.6% of TT International Asset Management LTD's investment portfolio, making the stock its 24th biggest position. TT International Asset Management LTD's holdings in Vertiv were worth $3,902,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Prestige Wealth Management Group LLC boosted its holdings in shares of Vertiv by 2.4% during the fourth quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company's stock worth $420,000 after purchasing an additional 85 shares during the last quarter. Horizon Investment Services LLC boosted its holdings in shares of Vertiv by 4.1% during the fourth quarter. Horizon Investment Services LLC now owns 2,410 shares of the company's stock worth $274,000 after purchasing an additional 95 shares during the last quarter. Focus Partners Advisor Solutions LLC boosted its holdings in shares of Vertiv by 3.1% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company's stock worth $367,000 after purchasing an additional 97 shares during the last quarter. Utah Retirement Systems boosted its holdings in shares of Vertiv by 0.3% during the fourth quarter. Utah Retirement Systems now owns 39,300 shares of the company's stock worth $4,465,000 after purchasing an additional 100 shares during the last quarter. Finally, Wahed Invest LLC boosted its holdings in shares of Vertiv by 1.2% during the fourth quarter. Wahed Invest LLC now owns 8,798 shares of the company's stock worth $1,000,000 after purchasing an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Vertiv Stock Down 0.3%

NYSE:VRT traded down $0.39 during mid-day trading on Friday, hitting $118.69. The company had a trading volume of 6,599,208 shares, compared to its average volume of 8,659,622. The business has a fifty day simple moving average of $99.40 and a 200-day simple moving average of $103.67. The company has a current ratio of 1.72, a quick ratio of 1.28 and a debt-to-equity ratio of 1.09. Vertiv Holdings Co. has a 1 year low of $53.60 and a 1 year high of $155.84. The firm has a market capitalization of $45.23 billion, a price-to-earnings ratio of 69.01, a PEG ratio of 1.20 and a beta of 1.73.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 EPS for the quarter, beating 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 company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the company posted $0.43 earnings per share. The firm's revenue was up 24.2% compared to the same quarter last year. Equities analysts forecast that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th will be given a dividend of $0.0375 per share. This represents a dividend yield of 0.14%. This is a positive change from Vertiv's previous dividend of $0.01. The ex-dividend date is Monday, June 16th. Vertiv's payout ratio is presently 8.72%.

Wall Street Analyst Weigh In

VRT has been the topic of several analyst reports. JPMorgan Chase & Co. raised their price objective on Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Roth Capital upgraded Vertiv to a "strong-buy" rating in a report on Monday, April 7th. KGI Securities began coverage on Vertiv in a report on Thursday, April 24th. They set a "hold" rating on the stock. Citigroup lifted their target price on Vertiv from $98.00 to $130.00 and gave the company a "buy" rating in a report on Monday, June 16th. Finally, Morgan Stanley reduced their target price on Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $126.69.

Insider Transactions at Vertiv

In other news, insider Karsten Winther sold 5,500 shares of the company'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 completion of the transaction, the insider now directly owns 18,847 shares of the company's stock, valued at approximately $1,777,837.51. This represents a 22.59% 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 the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the company'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 transaction, the executive vice president now directly owns 9,551 shares of the company's stock, valued at $1,106,292.33. This trade represents a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.63% of the company's stock.

Vertiv 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.