Mach 1 Financial Group LLC Buys Shares of 16,766 Vertiv Holdings Co (NYSE:VRT)

Mach 1 Financial Group LLC bought a new stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 16,766 shares of the company's stock, valued at approximately $805,000.

Other large investors have also recently bought and sold shares of the company. FMR LLC raised its position in Vertiv by 182.4% in the third quarter. FMR LLC now owns 47,236,496 shares of the company's stock valued at $1,757,198,000 after purchasing an additional 30,511,907 shares during the period. Vanguard Group Inc. increased its holdings in Vertiv by 12.1% in the third quarter. Vanguard Group Inc. now owns 31,628,757 shares of the company's stock valued at $1,176,590,000 after buying an additional 3,417,710 shares during the last quarter. Qube Research & Technologies Ltd increased its holdings in Vertiv by 1,032.5% in the third quarter. Qube Research & Technologies Ltd now owns 2,258,888 shares of the company's stock valued at $84,031,000 after buying an additional 2,059,431 shares during the last quarter. Eagle Asset Management Inc. bought a new stake in Vertiv in the third quarter valued at about $69,482,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in Vertiv by 2,223.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,801,467 shares of the company's stock valued at $67,015,000 after buying an additional 1,723,936 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Vertiv from $95.00 to $100.00 and gave the company an "overweight" rating in a report on Thursday, April 25th. Bank of America lifted their target price on Vertiv from $80.00 to $90.00 and gave the company a "buy" rating in a research note on Monday, March 18th. Citigroup lifted their target price on Vertiv from $102.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, April 25th. Evercore ISI boosted their price objective on Vertiv from $90.00 to $95.00 and gave the stock an "outperform" rating in a research report on Thursday, April 25th. Finally, Oppenheimer boosted their price objective on Vertiv from $96.00 to $98.00 and gave the stock an "outperform" rating in a research report on Thursday, April 25th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, Vertiv currently has a consensus rating of "Moderate Buy" and an average price target of $81.11.

Insider Buying and Selling at Vertiv

In other news, EVP Stephen Liang sold 306,196 shares of the business's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the transaction, the executive vice president now directly owns 51,841 shares in the company, valued at approximately $3,641,311.84. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Vertiv news, CAO Scott Cripps sold 56,594 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Stephen Liang sold 306,196 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the transaction, the executive vice president now directly owns 51,841 shares in the company, valued at $3,641,311.84. The disclosure for this sale can be found here. Insiders have sold a total of 3,362,790 shares of company stock valued at $306,451,347 in the last three months. 5.62% of the stock is currently owned by company insiders.

Vertiv Price Performance

NYSE:VRT traded down $1.80 during midday trading on Tuesday, hitting $93.01. 11,003,037 shares of the stock were exchanged, compared to its average volume of 8,260,333. The company has a market capitalization of $35.53 billion, a price-to-earnings ratio of 89.43, a P/E/G ratio of 1.44 and a beta of 1.59. Vertiv Holdings Co has a one year low of $14.27 and a one year high of $95.70. The business has a 50-day moving average price of $77.77 and a two-hundred day moving average price of $58.46. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 1.45.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.06. Vertiv had a return on equity of 42.43% and a net margin of 5.79%. The company had revenue of $1.64 billion for the quarter, compared to analysts' expectations of $1.62 billion. During the same quarter in the prior year, the company earned $0.24 earnings per share. The firm's revenue was up 7.8% on a year-over-year basis. Sell-side analysts predict that Vertiv Holdings Co will post 2.38 EPS for the current year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.11%. The ex-dividend date of this dividend was Monday, March 18th. Vertiv's dividend payout ratio (DPR) is currently 9.62%.

Vertiv 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.

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