Wakefield Asset Management LLLP Has $2.18 Million Stock Holdings in Vertiv Holdings Co. (NYSE:VRT)

Wakefield Asset Management LLLP decreased its stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 13.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,160 shares of the company's stock after selling 4,855 shares during the period. Wakefield Asset Management LLLP's holdings in Vertiv were worth $2,178,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in VRT. GW&K Investment Management LLC acquired a new stake in shares of Vertiv during the 1st quarter worth about $26,000. North Star Investment Management Corp. raised its position in shares of 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 buying an additional 412 shares in the last quarter. Sachetta LLC raised its position in shares of Vertiv by 242.0% in the 1st quarter. Sachetta LLC now owns 448 shares of the company's stock valued at $32,000 after buying an additional 317 shares in the last quarter. Colonial Trust Co SC raised its position in shares of 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 buying an additional 214 shares in the last quarter. Finally, Ameriflex Group Inc. bought a new stake in shares of Vertiv during the 4th quarter valued at approximately $37,000. Institutional investors own 89.92% of the company's stock.

Vertiv Trading Down 0.6%

Vertiv stock opened at $125.50 on Wednesday. The stock has a 50-day moving average of $116.14 and a two-hundred day moving average of $103.98. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.28 and a current ratio of 1.72. Vertiv Holdings Co. has a one year low of $53.60 and a one year high of $155.84. The stock has a market cap of $47.83 billion, a PE ratio of 72.97, a price-to-earnings-growth ratio of 1.25 and a beta of 1.75.

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

Vertiv Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were paid 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 dividend yield of 0.14%. Vertiv's payout ratio is currently 8.72%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Oppenheimer lifted their target price on shares of Vertiv from $132.00 to $140.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. The Goldman Sachs Group restated a "buy" rating on shares of Vertiv in a research note on Friday, July 11th. Barclays upped their target price on shares of Vertiv from $90.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 9th. Wolfe Research reiterated an "outperform" rating and issued a $155.00 target price on shares of Vertiv in a research note on Thursday, July 10th. Finally, Wall Street Zen upgraded shares of Vertiv from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 21st. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Vertiv presently has an average rating of "Buy" and a consensus price target of $136.76.

Insider Buying and Selling

In other news, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction that occurred 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 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 at this link. Also, EVP Stephen Liang sold 43,683 shares of Vertiv stock in a transaction that occurred 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 directly owned 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. Insiders own 5.01% of the company's stock.

About Vertiv

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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