Sachetta LLC Purchases 317 Shares of Vertiv Holdings Co. (NYSE:VRT)

Sachetta LLC boosted its position in Vertiv Holdings Co. (NYSE:VRT) by 242.0% during the first quarter, HoldingsChannel reports. The fund owned 448 shares of the company’s stock after buying an additional 317 shares during the quarter. Sachetta LLC’s holdings in Vertiv were worth $32,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. Schroder Investment Management Group boosted its stake in Vertiv by 95.3% in the 4th quarter. Schroder Investment Management Group now owns 1,167,536 shares of the company’s stock worth $135,621,000 after purchasing an additional 569,722 shares during the period. Bedell Frazier Investment Counselling LLC purchased a new position in Vertiv during the fourth quarter valued at approximately $415,000. Ibex Wealth Advisors increased its holdings in Vertiv by 10.5% during the 1st quarter. Ibex Wealth Advisors now owns 73,739 shares of the company’s stock worth $5,324,000 after acquiring an additional 6,989 shares during the period. Gallo Partners LP bought a new position in Vertiv in the 4th quarter valued at $1,826,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in shares of Vertiv during the 4th quarter valued at about $597,379,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on VRT. The Goldman Sachs Group reiterated a “buy” rating on shares of Vertiv in a research report on Friday, July 11th. KGI Securities initiated coverage on shares of Vertiv in a report on Thursday, April 24th. They set a “hold” rating for the company. Roth Mkm assumed coverage on Vertiv in a research note on Tuesday, April 8th. They set a “buy” rating and a $75.00 price target for the company. Melius Research upgraded Vertiv from a “hold” rating to a “strong-buy” rating and increased their price objective for the company from $134.00 to $165.00 in a research report on Tuesday, July 8th. Finally, Bank of America raised their price objective on Vertiv from $140.00 to $150.00 and gave the company a “buy” rating in a 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.com, the company presently has an average rating of “Buy” and a consensus target price of $136.76.

Vertiv Trading Up 4.6%

Shares of VRT stock opened at $131.15 on Friday. 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 firm has a fifty day moving average price of $115.44 and a 200-day moving average price of $104.03. The company has a market cap of $49.98 billion, a price-to-earnings ratio of 76.25, a PEG ratio of 1.25 and a beta of 1.75. Vertiv Holdings Co. has a 1 year low of $53.60 and a 1 year high of $155.84.

Vertiv (NYSE:VRT) 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 company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The firm’s revenue was up 24.2% on a year-over-year basis. During the same quarter last year, the business posted $0.43 earnings per share. As a group, equities analysts predict that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were given a $0.0375 dividend. This represents a dividend yield of 0.14%. This is a positive change from Vertiv’s previous dividend of $0.01. The ex-dividend date of this dividend was Monday, June 16th. Vertiv’s payout ratio is presently 8.72%.

Insider Transactions at Vertiv

In related news, insider Karsten Winther sold 5,500 shares of the 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 completion of the sale, the insider owned 18,847 shares of the company’s stock, valued at $1,777,837.51. This represents a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Stephen Liang sold 43,683 shares of the business’s stock in a transaction 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 transaction, the executive vice president owned 9,551 shares in the company, valued at approximately $1,106,292.33. This trade represents a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.63% of the company’s stock.

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.