Dynamic Advisor Solutions LLC Takes Position in Vertiv Holdings Co. (NYSE:VRT)

Dynamic Advisor Solutions LLC acquired a new position in shares of Vertiv Holdings Co. (NYSE:VRT) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 7,172 shares of the company’s stock, valued at approximately $518,000.

Several other hedge funds have also modified their holdings of VRT. Massachusetts Financial Services Co. MA purchased a new stake in shares of Vertiv during the 4th quarter valued at $597,379,000. Norges Bank purchased a new position in shares of Vertiv in the 4th quarter worth $391,777,000. Arrowstreet Capital Limited Partnership boosted its holdings in Vertiv by 136.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company’s stock valued at $379,101,000 after acquiring an additional 1,928,275 shares during the last quarter. Vanguard Group Inc. grew its position in Vertiv by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company’s stock valued at $4,130,415,000 after acquiring an additional 1,244,780 shares during the period. Finally, Wellington Management Group LLP increased its stake in Vertiv by 25.3% during the fourth quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company’s stock worth $557,349,000 after acquiring an additional 990,361 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Price Performance

VRT stock opened at $119.19 on Thursday. The company has a market capitalization of $45.42 billion, a PE ratio of 69.30, a P/E/G ratio of 1.21 and a beta of 1.73. The company has a quick ratio of 1.28, a current ratio of 1.72 and a debt-to-equity ratio of 1.09. The stock’s 50 day moving average is $97.38 and its two-hundred day moving average is $103.79. Vertiv Holdings Co. has a 52-week low of $53.60 and a 52-week high of $155.84.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The business’s revenue was up 24.2% compared to the same quarter last year. Analysts predict that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, June 17th will be issued a $0.0375 dividend. This is a positive change from Vertiv’s previous dividend of $0.01. This represents a yield of 0.14%. The ex-dividend date is Monday, June 16th. Vertiv’s payout ratio is currently 8.72%.

Analyst Ratings Changes

VRT has been the topic of several research analyst reports. Barclays reduced their price objective on Vertiv from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Friday, April 4th. JPMorgan Chase & Co. boosted their price objective on shares of Vertiv from $100.00 to $127.00 and gave the stock an “overweight” rating in a research note on Friday, May 16th. Evercore ISI reissued an “outperform” rating and issued a $150.00 target price (up previously from $100.00) on shares of Vertiv in a research note on Tuesday, May 27th. KGI Securities initiated coverage on shares of Vertiv in a report on Thursday, April 24th. They set a “hold” rating on the stock. Finally, Cowen reiterated a “buy” rating on shares of Vertiv in a report on Thursday, April 24th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $126.69.

Insider Buying and Selling at Vertiv

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

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.