Los Angeles Capital Management LLC Raises Holdings in Vertiv Holdings Co (NYSE:VRT)

Los Angeles Capital Management LLC increased its holdings in Vertiv Holdings Co (NYSE:VRTFree Report) by 457.7% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 218,126 shares of the company’s stock after acquiring an additional 179,011 shares during the period. Los Angeles Capital Management LLC owned approximately 0.06% of Vertiv worth $17,814,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in VRT. GAMMA Investing LLC purchased a new position in shares of Vertiv during the fourth quarter worth $26,000. Raleigh Capital Management Inc. boosted its position in shares of Vertiv by 79.0% during the fourth quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock worth $27,000 after buying an additional 252 shares during the period. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Vertiv during the fourth quarter worth $38,000. Quadrant Capital Group LLC boosted its position in shares of Vertiv by 24.7% during the fourth quarter. Quadrant Capital Group LLC now owns 857 shares of the company’s stock worth $41,000 after buying an additional 170 shares during the period. Finally, TFC Financial Management Inc. purchased a new position in shares of Vertiv during the fourth quarter worth $42,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on VRT shares. Mizuho increased their price objective on Vertiv from $56.00 to $95.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. Citigroup increased their price objective 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 increased their price objective on Vertiv from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Friday, June 14th. Oppenheimer increased their price objective on Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. lifted their price target on Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $92.11.

Read Our Latest Stock Report on Vertiv

Insider Activity

In other news, Director Doherty Philip O’ sold 9,529 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $109.30, for a total value of $1,041,519.70. Following the completion of the sale, the director now directly owns 6,882,859 shares of the company’s stock, valued at approximately $752,296,488.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Doherty Philip O’ sold 9,529 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $109.30, for a total value of $1,041,519.70. Following the transaction, the director now owns 6,882,859 shares in the company, valued at approximately $752,296,488.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Yibin Edward Cui sold 668 shares of the business’s stock in a transaction dated Saturday, May 4th. The shares were sold at an average price of $94.39, for a total value of $63,052.52. Following the completion of the transaction, the insider now owns 19,452 shares in the company, valued at approximately $1,836,074.28. The disclosure for this sale can be found here. In the last three months, insiders sold 4,162,739 shares of company stock valued at $400,713,362. Insiders own 5.01% of the company’s stock.

Vertiv Stock Up 6.5 %

NYSE VRT traded up $5.79 during trading on Wednesday, reaching $95.34. 11,453,474 shares of the company’s stock were exchanged, compared to its average volume of 9,462,681. Vertiv Holdings Co has a 1 year low of $22.31 and a 1 year high of $109.27. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.98 and a current ratio of 1.34. The stock has a market cap of $35.69 billion, a P/E ratio of 91.67, a price-to-earnings-growth ratio of 1.30 and a beta of 1.56. The company has a 50 day moving average price of $92.82 and a two-hundred day moving average price of $72.16.

Vertiv (NYSE:VRTGet Free Report) last posted its earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.06. Vertiv had a return on equity of 44.95% and a net margin of 5.79%. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the previous year, the business earned $0.24 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis. On average, equities research analysts anticipate that Vertiv Holdings Co will post 2.42 EPS for the current fiscal year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Monday, June 17th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.10%. The ex-dividend date of this dividend is Monday, June 17th. Vertiv’s payout ratio is currently 9.62%.

Vertiv Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Vertiv (NYSE:VRT)

Receive News & Ratings for Vertiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vertiv and related companies with MarketBeat.com's FREE daily email newsletter.