Impax Asset Management Group plc Purchases 34,563 Shares of Vertiv Holdings Co. (NYSE:VRT)

Impax Asset Management Group plc boosted its holdings in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 6.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 532,069 shares of the company's stock after buying an additional 34,563 shares during the quarter. Impax Asset Management Group plc owned approximately 0.14% of Vertiv worth $38,415,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. IFM Investors Pty Ltd grew its position in shares of Vertiv by 8.6% during the 1st quarter. IFM Investors Pty Ltd now owns 76,074 shares of the company's stock valued at $5,493,000 after acquiring an additional 6,042 shares during the period. OneDigital Investment Advisors LLC lifted its position in Vertiv by 11.6% during the first quarter. OneDigital Investment Advisors LLC now owns 61,951 shares of the company's stock valued at $4,473,000 after purchasing an additional 6,444 shares in the last quarter. Hartline Investment Corp grew its holdings in Vertiv by 5.7% during the first quarter. Hartline Investment Corp now owns 258,781 shares of the company's stock valued at $18,684,000 after purchasing an additional 13,978 shares during the period. North Capital Inc. bought a new stake in Vertiv during the first quarter valued at about $51,000. Finally, D.A. Davidson & CO. grew its holdings in Vertiv by 21.4% during the first quarter. D.A. Davidson & CO. now owns 5,810 shares of the company's stock valued at $419,000 after purchasing an additional 1,026 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Price Performance

NYSE VRT traded up $3.59 during trading on Friday, hitting $127.92. 4,003,595 shares of the stock traded hands, compared to its average volume of 8,551,627. The company has a market capitalization of $48.75 billion, a P/E ratio of 74.37, a price-to-earnings-growth ratio of 1.27 and a beta of 1.75. Vertiv Holdings Co. has a 12-month low of $53.60 and a 12-month high of $155.84. The firm has a 50-day simple moving average of $109.25 and a 200-day simple moving average of $103.41. The company has a quick ratio of 1.28, a current ratio of 1.72 and a debt-to-equity ratio of 1.09.

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

Vertiv Increases Dividend

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

Analyst Ratings Changes

Several analysts have issued reports on the company. Evercore ISI reissued an "outperform" rating and set a $150.00 price target (up previously from $100.00) on shares of Vertiv in a report on Tuesday, May 27th. The Goldman Sachs Group raised their target price on shares of Vertiv from $106.00 to $122.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. JPMorgan Chase & Co. upped their price target on shares of Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. KGI Securities began coverage on shares of Vertiv in a research note on Thursday, April 24th. They issued a "hold" rating for the company. Finally, Roth Capital upgraded shares of Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $126.69.

Insider Transactions at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the business'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 sale, the insider directly owned 18,847 shares of the company's stock, valued at $1,777,837.51. The trade was a 22.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Stephen Liang sold 43,683 shares of the firm'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 completion of the sale, the executive vice president directly owned 9,551 shares of the company's stock, valued at $1,106,292.33. The trade was 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 currently owned by company insiders.

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.