Xponance Inc. Increases Stock Position in Vertiv Holdings Co. (NYSE:VRT)

Xponance Inc. lifted its position in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 3.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,843 shares of the company's stock after acquiring an additional 2,160 shares during the quarter. Xponance Inc.'s holdings in Vertiv were worth $5,115,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Vertiv by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock worth $4,130,415,000 after acquiring an additional 1,244,780 shares in the last quarter. Geode Capital Management LLC grew its position in Vertiv by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock valued at $688,260,000 after buying an additional 99,181 shares during the period. Massachusetts Financial Services Co. MA bought a new position in Vertiv during the fourth quarter valued at about $597,379,000. Wellington Management Group LLP grew its position in Vertiv by 25.3% during the fourth quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock valued at $557,349,000 after buying an additional 990,361 shares during the period. Finally, Clearbridge Investments LLC grew its position in Vertiv by 4.8% during the fourth quarter. Clearbridge Investments LLC now owns 3,647,326 shares of the company's stock valued at $414,373,000 after buying an additional 167,061 shares during the period. Institutional investors own 89.92% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Morgan Stanley reduced their price target on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Roth Mkm assumed coverage on shares of Vertiv in a research report on Tuesday, April 8th. They set a "buy" rating and a $75.00 price target for the company. Roth Capital upgraded shares of Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Barclays increased their price target on shares of Vertiv from $90.00 to $110.00 and gave the company an "equal weight" rating in a research report on Wednesday. Finally, Evercore ISI restated an "outperform" rating on shares of Vertiv in a research report on Thursday. Three investment 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's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $134.24.

Vertiv Stock Performance

NYSE VRT traded up $2.69 during trading on Friday, hitting $123.41. 7,216,508 shares of the company's stock traded hands, compared to its average volume of 8,618,671. Vertiv Holdings Co. has a 12-month low of $53.60 and a 12-month high of $155.84. The stock has a market capitalization of $47.03 billion, a price-to-earnings ratio of 71.75, a PEG ratio of 1.23 and a beta of 1.75. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.28 and a current ratio of 1.72. The business has a 50 day moving average of $112.86 and a 200-day moving average of $103.65.

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, topping analysts' consensus estimates of $0.62 by $0.02. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the firm posted $0.43 earnings per share. The company's revenue for the quarter was up 24.2% on a year-over-year basis. As a group, equities research 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 declared a dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were issued a $0.0375 dividend. This represents a dividend yield of 0.14%. This is an increase 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 presently 8.72%.

Insider Transactions at Vertiv

In other news, EVP Stephen Liang sold 43,683 shares of the stock in a transaction dated 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Karsten Winther sold 5,500 shares of the stock in a transaction dated 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 in the company, valued at approximately $1,777,837.51. The trade was a 22.59% 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.