Wolff Wiese Magana LLC Cuts Stock Position in Vertiv Holdings Co. (NYSE:VRT)

Wolff Wiese Magana LLC trimmed its holdings in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 95.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 613 shares of the company's stock after selling 12,218 shares during the quarter. Wolff Wiese Magana LLC's holdings in Vertiv were worth $44,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. North Star Investment Management Corp. boosted its holdings 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 worth $30,000 after purchasing an additional 412 shares in the last quarter. Tradewinds Capital Management LLC boosted its holdings in shares of Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after purchasing an additional 111 shares in the last quarter. Colonial Trust Co SC boosted its holdings in shares of Vertiv by 211.9% in the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after purchasing an additional 214 shares in the last quarter. Ameriflex Group Inc. purchased a new position in shares of Vertiv in the 4th quarter worth about $37,000. Finally, TD Private Client Wealth LLC boosted its holdings in shares of Vertiv by 150.7% in the 4th quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock worth $42,000 after purchasing an additional 223 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Trading Down 0.3%

VRT traded down $0.39 during midday trading on Friday, reaching $118.69. 6,599,208 shares of the company's stock traded hands, compared to its average volume of 8,645,755. The firm has a fifty day moving average of $99.40 and a two-hundred day moving average of $103.27. The stock has a market capitalization of $45.23 billion, a price-to-earnings ratio of 69.01, a P/E/G ratio of 1.19 and a beta of 1.73. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.72 and a quick ratio of 1.28. Vertiv Holdings Co. has a 52 week low of $53.60 and a 52 week high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the company earned $0.43 EPS. The business'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 fiscal year.

Vertiv Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on VRT shares. Wall Street Zen upgraded Vertiv from a "buy" rating to a "strong-buy" rating in a report on Saturday. Citigroup upped their price objective on Vertiv from $98.00 to $130.00 and gave the stock a "buy" rating in a report on Monday, June 16th. KGI Securities assumed coverage on Vertiv in a report on Thursday, April 24th. They issued a "hold" rating for the company. Barclays lowered their target price on Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research note on Friday, April 4th. Finally, Morgan Stanley lowered their target price on Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Five 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $126.69.

Insider Transactions at Vertiv

In related news, EVP Stephen Liang sold 43,683 shares of the company's 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 sale, the executive vice president now owns 9,551 shares in the company, valued at $1,106,292.33. This represents a 82.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 value of $518,815.00. Following the completion of the sale, the insider now owns 18,847 shares in the company, valued at $1,777,837.51. The trade was a 22.59% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.01% of the company's stock.

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.