First Manhattan CO. LLC. Grows Stake in Vertiv Holdings Co (NYSE:VRT)

First Manhattan CO. LLC. boosted its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 58.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 396,259 shares of the company's stock after buying an additional 146,326 shares during the quarter. First Manhattan CO. LLC. owned approximately 0.11% of Vertiv worth $46,527,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of VRT. Foundations Investment Advisors LLC raised its holdings in Vertiv by 7.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company's stock worth $21,076,000 after purchasing an additional 13,559 shares during the period. Empowered Funds LLC lifted its position in shares of Vertiv by 67.0% during the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock valued at $1,043,000 after buying an additional 3,682 shares in the last quarter. Register Financial Advisors LLC purchased a new position in shares of Vertiv during the 4th quarter valued at approximately $217,000. Ibex Wealth Advisors acquired a new stake in Vertiv in the 4th quarter valued at $7,583,000. Finally, PFG Investments LLC purchased a new stake in Vertiv in the 4th quarter worth $617,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Insider Activity at Vertiv

In other news, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction dated 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 transaction, the insider now owns 18,847 shares in the company, valued at approximately $1,777,837.51. This trade represents a 22.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.63% of the stock is currently owned by company insiders.

Vertiv Trading Down 1.6 %

Shares of Vertiv stock traded down $1.57 during trading hours on Friday, hitting $94.17. The company's stock had a trading volume of 6,364,741 shares, compared to its average volume of 9,013,115. The stock has a market cap of $35.89 billion, a price-to-earnings ratio of 73.57, a P/E/G ratio of 1.07 and a beta of 1.70. Vertiv Holdings Co has a twelve month low of $53.60 and a twelve month high of $155.84. The firm has a fifty day moving average of $80.47 and a 200-day moving average of $106.24. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly 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 business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The company's quarterly revenue was up 24.2% on a year-over-year basis. During the same period last year, the business posted $0.43 earnings per share. Research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.16%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's payout ratio is currently 8.72%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on VRT. JPMorgan Chase & Co. dropped their target price on shares of Vertiv from $132.00 to $100.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Roth Mkm assumed coverage on Vertiv in a report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price objective on the stock. Cowen reissued a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. KGI Securities initiated coverage on Vertiv in a research note on Thursday, April 24th. They issued a "hold" rating on the stock. Finally, Evercore ISI reduced their price objective on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research note on Friday, January 17th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Vertiv currently has a consensus rating of "Moderate Buy" and a consensus price target of $120.38.

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.