11,503 Shares in Vertiv Holdings Co (NYSE:VRT) Purchased by Qsemble Capital Management LP

Qsemble Capital Management LP bought a new position in shares of Vertiv Holdings Co (NYSE:VRT) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 11,503 shares of the company’s stock, valued at approximately $939,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nordea Investment Management AB bought a new stake in shares of Vertiv during the 4th quarter worth about $1,040,000. PNC Financial Services Group Inc. boosted its holdings in shares of Vertiv by 296.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,205 shares of the company’s stock worth $634,000 after buying an additional 9,870 shares during the period. Xponance Inc. boosted its holdings in shares of Vertiv by 2.9% during the 4th quarter. Xponance Inc. now owns 14,984 shares of the company’s stock worth $720,000 after buying an additional 426 shares during the period. California State Teachers Retirement System boosted its holdings in Vertiv by 58.8% in the 4th quarter. California State Teachers Retirement System now owns 547,833 shares of the company’s stock valued at $26,312,000 after purchasing an additional 202,766 shares during the period. Finally, WT Asset Management Ltd bought a new stake in Vertiv in the 4th quarter valued at about $24,486,000. Institutional investors own 89.92% of the company’s stock.

Insider Buying and Selling at Vertiv

In other Vertiv news, Director Doherty Philip O’ sold 488,705 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $93.68, for a total value of $45,781,884.40. Following the completion of the transaction, the director now directly owns 11,835,476 shares in the company, valued at approximately $1,108,747,391.68. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Anders Karlborg sold 46,206 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $93.75, for a total transaction of $4,331,812.50. Following the completion of the sale, the executive vice president now directly owns 23,003 shares in the company, valued at $2,156,531.25. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Doherty Philip O’ sold 488,705 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $93.68, for a total transaction of $45,781,884.40. Following the sale, the director now owns 11,835,476 shares of the company’s stock, valued at $1,108,747,391.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,162,739 shares of company stock worth $400,713,362. 5.01% of the stock is currently owned by company insiders.

Vertiv Price Performance

VRT stock traded up $1.83 during trading on Tuesday, reaching $89.72. 6,180,027 shares of the company were exchanged, compared to its average volume of 8,396,837. The company has a 50-day moving average of $94.46 and a two-hundred day moving average of $77.91. The company has a market capitalization of $33.59 billion, a price-to-earnings ratio of 85.35, a P/E/G ratio of 1.30 and a beta of 1.58. Vertiv Holdings Co has a twelve month low of $25.09 and a twelve month high of $109.27. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.34 and a quick ratio of 0.98.

Vertiv (NYSE:VRT) last announced 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 net margin of 5.79% and a return on equity of 44.95%. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the prior year, the company posted $0.24 EPS. The company’s revenue was up 7.8% on a year-over-year basis. As a group, equities analysts predict that Vertiv Holdings Co will post 2.44 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Monday, June 17th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.11%. The ex-dividend date was Monday, June 17th. Vertiv’s dividend payout ratio (DPR) is currently 9.62%.

Wall Street Analysts Forecast Growth

VRT has been the subject of a number of recent research reports. Mizuho boosted their price objective on shares of Vertiv from $56.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, April 26th. JPMorgan Chase & Co. upped their price target on shares of Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Oppenheimer upped their price target on shares of Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Citigroup upped their price target on shares of Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Finally, Bank of America upped their price target on shares of Vertiv from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $92.11.

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.