Cwm LLC Acquires 4,682 Shares of Vertiv Holdings Co. (NYSE:VRT)

CWM LLC raised its holdings in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 18.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,210 shares of the company's stock after purchasing an additional 4,682 shares during the quarter. CWM LLC's holdings in Vertiv were worth $2,181,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Schroder Investment Management Group lifted its holdings in shares of Vertiv by 95.3% during the fourth quarter. Schroder Investment Management Group now owns 1,167,536 shares of the company's stock worth $135,621,000 after buying an additional 569,722 shares in the last quarter. Bedell Frazier Investment Counselling LLC acquired a new stake in shares of Vertiv during the fourth quarter worth $415,000. Ibex Wealth Advisors lifted its holdings in shares of Vertiv by 10.5% during the first quarter. Ibex Wealth Advisors now owns 73,739 shares of the company's stock worth $5,324,000 after buying an additional 6,989 shares in the last quarter. Gallo Partners LP acquired a new stake in shares of Vertiv during the fourth quarter worth $1,826,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Vertiv during the fourth quarter worth $597,379,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Insider Buying and Selling at Vertiv

In other news, insider Karsten Winther sold 5,500 shares of the firm's stock in a transaction 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 sale, the insider directly owned 18,847 shares of the company's stock, valued at $1,777,837.51. This trade represents a 22.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the firm's 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 sale, the executive vice president directly owned 9,551 shares of the company's stock, valued at approximately $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. Corporate insiders own 2.63% of the company's stock.

Vertiv Trading Down 1.5%

Shares of Vertiv stock traded down $1.94 during midday trading on Friday, reaching $129.18. The company had a trading volume of 5,779,897 shares, compared to its average volume of 8,560,204. The stock has a fifty day moving average price of $116.14 and a 200 day moving average price of $104.07. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.72 and a quick ratio of 1.28. The firm has a market cap of $49.23 billion, a PE ratio of 75.10, a P/E/G ratio of 1.28 and a beta of 1.75. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (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 firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the firm earned $0.43 earnings per share. The company's revenue was up 24.2% compared to the same quarter last year. On average, equities analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

The business also recently declared 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. The ex-dividend date was Monday, June 16th. This represents a yield of 0.14%. This is an increase from Vertiv's previous dividend of $0.01. Vertiv's dividend payout ratio is 8.72%.

Analyst Ratings Changes

VRT has been the subject of a number of research reports. Cowen reissued a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. Mizuho set a $150.00 price target on Vertiv and gave the company an "outperform" rating in a research note on Wednesday. Roth Mkm began coverage on Vertiv in a research note on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price target for the company. KGI Securities began coverage on Vertiv in a research note on Thursday, April 24th. They issued a "hold" rating for the company. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Vertiv in a research note on Friday, July 11th. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Vertiv has an average rating of "Buy" and an average price target of $136.76.

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.