Cwm LLC Buys 2,710 Shares of Vertiv Holdings Co (NYSE:VRT)

Cwm LLC grew its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 64.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,941 shares of the company’s stock after acquiring an additional 2,710 shares during the period. Cwm LLC’s holdings in Vertiv were worth $333,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC increased its holdings in Vertiv by 182.4% during the 3rd quarter. FMR LLC now owns 47,236,496 shares of the company’s stock worth $1,757,198,000 after acquiring an additional 30,511,907 shares during the period. Vanguard Group Inc. increased its holdings in shares of Vertiv by 12.1% in the third quarter. Vanguard Group Inc. now owns 31,628,757 shares of the company’s stock worth $1,176,590,000 after purchasing an additional 3,417,710 shares during the period. Invesco Ltd. raised its position in shares of Vertiv by 10.2% in the third quarter. Invesco Ltd. now owns 10,817,978 shares of the company’s stock worth $402,429,000 after buying an additional 1,002,191 shares in the last quarter. Electron Capital Partners LLC boosted its stake in Vertiv by 31.6% during the third quarter. Electron Capital Partners LLC now owns 2,712,946 shares of the company’s stock valued at $100,922,000 after buying an additional 652,099 shares during the period. Finally, Qube Research & Technologies Ltd grew its position in Vertiv by 1,032.5% during the third quarter. Qube Research & Technologies Ltd now owns 2,258,888 shares of the company’s stock worth $84,031,000 after buying an additional 2,059,431 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on VRT shares. Bank of America lifted their price target on Vertiv from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, March 18th. JPMorgan Chase & Co. boosted their price target on shares of Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Evercore ISI raised their price objective on shares of Vertiv from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Oppenheimer upped their target price on shares of Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Finally, Mizuho raised their price target on Vertiv from $56.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Vertiv presently has a consensus rating of “Moderate Buy” and an average price target of $81.11.

Insider Activity

In related news, Director Doherty Philip O’ sold 488,705 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $93.68, for a total value of $45,781,884.40. Following the sale, the director now owns 11,835,476 shares in the company, valued at approximately $1,108,747,391.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Doherty Philip O’ sold 488,705 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 11,835,476 shares in the company, valued at approximately $1,108,747,391.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Scott Cripps sold 56,594 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,362,790 shares of company stock worth $306,451,347. Insiders own 5.62% of the company’s stock.

Vertiv Stock Performance

Vertiv stock opened at $92.21 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.34 and a debt-to-equity ratio of 2.09. Vertiv Holdings Co has a twelve month low of $14.27 and a twelve month high of $95.70. The company has a market capitalization of $35.22 billion, a PE ratio of 88.66, a P/E/G ratio of 1.41 and a beta of 1.54. The firm has a fifty day simple moving average of $78.95 and a two-hundred day simple moving average of $58.90.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.62 billion. Vertiv had a return on equity of 44.95% and a net margin of 5.79%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.24 earnings per share. Research analysts expect that Vertiv Holdings Co will post 2.42 EPS for the current year.

Vertiv Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date of this dividend was Monday, March 18th. Vertiv’s dividend payout ratio is 9.62%.

Vertiv Company 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.