Vertiv Holdings Co. (NYSE:VRT) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC grew its holdings in Vertiv Holdings Co. (NYSE:VRT) by 157.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,313 shares of the company’s stock after purchasing an additional 5,702 shares during the quarter. International Assets Investment Management LLC’s holdings in Vertiv were worth $672,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Balboa Wealth Partners increased its holdings in shares of Vertiv by 68.9% in the first quarter. Balboa Wealth Partners now owns 29,408 shares of the company’s stock valued at $2,123,000 after purchasing an additional 12,001 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in Vertiv by 4.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 133,870 shares of the company’s stock valued at $9,665,000 after buying an additional 5,852 shares in the last quarter. Brown Lisle Cummings Inc. increased its stake in shares of Vertiv by 15.9% in the 1st quarter. Brown Lisle Cummings Inc. now owns 23,837 shares of the company’s stock worth $1,721,000 after acquiring an additional 3,262 shares during the last quarter. Pursue Wealth Partners LLC purchased a new position in shares of Vertiv during the 1st quarter worth $881,000. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Vertiv by 40.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 91,355 shares of the company’s stock valued at $6,596,000 after acquiring an additional 26,154 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on VRT shares. Citigroup upped their price objective on shares of Vertiv from $98.00 to $130.00 and gave the company a “buy” rating in a report on Monday, June 16th. JPMorgan Chase & Co. increased their price target on shares of Vertiv from $100.00 to $127.00 and gave the company an “overweight” rating in a research note on Friday, May 16th. Evercore ISI reaffirmed an “outperform” rating and set a $150.00 price target (up previously from $100.00) on shares of Vertiv in a research report on Tuesday, May 27th. Royal Bank Of Canada began coverage on Vertiv in a report on Friday, March 7th. They issued an “outperform” rating and a $121.00 price objective on the stock. Finally, Wall Street Zen raised Vertiv from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 21st. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.69.

Insider Activity

In related news, insider Karsten Winther sold 5,500 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the sale, the insider now directly owns 18,847 shares in the company, valued at approximately $1,777,837.51. This represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 9,551 shares in the company, valued at approximately $1,106,292.33. This trade represents a 82.06% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.63% of the company’s stock.

Vertiv Stock Performance

NYSE VRT opened at $121.73 on Thursday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.72 and a quick ratio of 1.28. The company has a market cap of $46.39 billion, a P/E ratio of 70.77, a P/E/G ratio of 1.23 and a beta of 1.73. The stock has a 50-day moving average of $102.29 and a two-hundred day moving average of $103.41. Vertiv Holdings Co. has a 1-year low of $53.60 and a 1-year high of $155.84.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the business posted $0.43 earnings per share. The business’s quarterly revenue was up 24.2% compared to the same quarter last year. As a group, analysts anticipate that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th will be paid a $0.0375 dividend. This is a boost from Vertiv’s previous dividend of $0.01. This represents a dividend yield of 0.14%. The ex-dividend date of this dividend is Monday, June 16th. Vertiv’s dividend payout ratio (DPR) is presently 8.72%.

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.