Crossmark Global Holdings Inc. Purchases 361 Shares of Vertiv Holdings Co. (NYSE:VRT)

Crossmark Global Holdings Inc. raised its position in shares of Vertiv Holdings Co. (NYSE:VRT) by 12.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,275 shares of the company’s stock after purchasing an additional 361 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Vertiv were worth $236,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Assetmark Inc. grew its stake in shares of Vertiv by 2,000.0% in the fourth quarter. Assetmark Inc. now owns 546 shares of the company’s stock worth $62,000 after acquiring an additional 520 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of Vertiv by 25.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 7,762 shares of the company’s stock worth $882,000 after acquiring an additional 1,599 shares during the period. Avantax Advisory Services Inc. grew its stake in shares of Vertiv by 8.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 23,661 shares of the company’s stock worth $2,688,000 after acquiring an additional 1,838 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of Vertiv by 57.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 190,923 shares of the company’s stock worth $21,691,000 after acquiring an additional 69,539 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its position in Vertiv by 10.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 87,828 shares of the company’s stock valued at $9,978,000 after buying an additional 8,197 shares during the period. 89.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Vertiv

In related news, EVP Stephen Liang sold 43,683 shares of the business’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $115.83, for a total value of $5,059,801.89. Following the sale, the executive vice president owned 9,551 shares in the company, valued at approximately $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Karsten Winther sold 5,500 shares of the business’s stock in a transaction on 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 sale, the insider owned 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. Insiders own 5.01% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on VRT. Wall Street Zen upgraded shares of Vertiv from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 21st. Roth Capital upgraded shares of Vertiv to a “strong-buy” rating in a research report on Monday, April 7th. Melius Research upgraded shares of Vertiv from a “hold” rating to a “strong-buy” rating and boosted their target price for the company from $134.00 to $165.00 in a research report on Tuesday, July 8th. Wolfe Research restated an “outperform” rating and set a $155.00 target price on shares of Vertiv in a research report on Thursday. Finally, Melius upgraded shares of Vertiv from a “hold” rating to a “buy” rating and set a $165.00 target price for the company in a research report on Tuesday, July 8th. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $134.24.

Vertiv Price Performance

VRT stock opened at $123.41 on Monday. Vertiv Holdings Co. has a one year low of $53.60 and a one year high of $155.84. The company’s fifty day moving average price is $112.86 and its 200-day moving average price is $103.55. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.28 and a current ratio of 1.72. The company has a market capitalization of $47.03 billion, a PE ratio of 71.75, a price-to-earnings-growth ratio of 1.23 and a beta of 1.75.

Vertiv (NYSE:VRT) last released its 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. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The company’s quarterly revenue was up 24.2% compared to the same quarter last year. On average, equities analysts anticipate that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

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

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.