Vertiv Holdings Co. (NYSE:VRT) Stock Position Increased by Westover Capital Advisors LLC

Key Points

• Westover Capital Advisors LLC increased its holdings in Vertiv Holdings Co. by 34.5% during the first quarter, now owning 12,019 shares valued at $868,000.
• Analysts are optimistic about Vertiv, as Citigroup and Melius Research raised their price targets, with a consensus rating of "Buy" and an average target price of $136.76.
• Vertiv recently declared a dividend of $0.0375 per share, an increase from its previous $0.01, representing a dividend yield of 0.14%.

Westover Capital Advisors LLC increased its holdings in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 34.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,019 shares of the company's stock after acquiring an additional 3,083 shares during the quarter. Westover Capital Advisors LLC's holdings in Vertiv were worth $868,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of VRT. Schroder Investment Management Group raised its stake in shares of Vertiv by 95.3% in the fourth quarter. Schroder Investment Management Group now owns 1,167,536 shares of the company's stock valued at $135,621,000 after buying an additional 569,722 shares during the period. Bedell Frazier Investment Counselling LLC bought a new stake in Vertiv during the fourth quarter worth about $415,000. Ibex Wealth Advisors lifted its stake in 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 purchasing an additional 6,989 shares during the last quarter. Gallo Partners LP bought a new stake in shares of Vertiv in the 4th quarter valued at about $1,826,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in shares of Vertiv in the 4th quarter valued at about $597,379,000. 89.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on VRT shares. Citigroup upped their price target on Vertiv from $130.00 to $149.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Melius Research upgraded Vertiv from a "hold" rating to a "strong-buy" rating and increased their target price for the company from $134.00 to $165.00 in a research note on Tuesday, July 8th. UBS Group reissued a "buy" rating on shares of Vertiv in a report on Friday, July 11th. Wall Street Zen raised Vertiv from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 21st. Finally, Melius raised Vertiv from a "hold" rating to a "buy" rating and set a $165.00 target price on the stock in a report on Tuesday, July 8th. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $136.76.

Vertiv Price Performance

Shares of NYSE:VRT traded up $6.65 during trading on Friday, hitting $137.52. 8,225,774 shares of the stock were exchanged, compared to its average volume of 6,826,359. The company has a fifty day moving average price of $118.59 and a two-hundred day moving average price of $104.33. The company has a market cap of $52.41 billion, a PE ratio of 79.96, a P/E/G ratio of 1.30 and a beta of 1.75. 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 12-month low of $53.60 and a 12-month high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last announced 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. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. The company's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 earnings per share. On average, analysts forecast that Vertiv Holdings Co. will post 3.59 EPS 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 given a dividend of $0.0375 per share. This is a positive change from Vertiv's previous dividend of $0.01. The ex-dividend date was Monday, June 16th. This represents a yield of 0.14%. Vertiv's dividend payout ratio is 8.72%.

Insider Activity at Vertiv

In other news, insider Karsten Winther sold 5,500 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the completion of the sale, the insider owned 18,847 shares of the company's stock, valued at $1,777,837.51. This represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Stephen Liang sold 43,683 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the completion of the transaction, the executive vice president owned 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.

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.