American Trust Makes New Investment in Vertiv Holdings Co (NYSE:VRT)

American Trust bought a new position in shares of Vertiv Holdings Co (NYSE:VRT) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,729 shares of the company’s stock, valued at approximately $631,000.

Several other institutional investors have also recently bought and sold shares of VRT. PNC Financial Services Group Inc. grew its holdings in shares of Vertiv by 296.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,205 shares of the company’s stock worth $634,000 after purchasing an additional 9,870 shares during the last quarter. Xponance Inc. grew its holdings in shares of Vertiv by 2.9% during the fourth quarter. Xponance Inc. now owns 14,984 shares of the company’s stock worth $720,000 after purchasing an additional 426 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of Vertiv by 58.8% during the fourth quarter. California State Teachers Retirement System now owns 547,833 shares of the company’s stock worth $26,312,000 after purchasing an additional 202,766 shares during the last quarter. Williamson Legacy Group LLC bought a new stake in shares of Vertiv during the fourth quarter worth about $1,645,000. Finally, Quadrant Capital Group LLC grew its holdings 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 purchasing an additional 170 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insider Activity at Vertiv

In other news, Director Roger Fradin sold 16,667 shares of Vertiv stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $103.86, for a total transaction of $1,731,034.62. Following the sale, the director now directly owns 218,333 shares in the company, valued at approximately $22,676,065.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Roger Fradin sold 16,667 shares of Vertiv stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $103.86, for a total transaction of $1,731,034.62. Following the sale, the director now directly owns 218,333 shares in the company, valued at approximately $22,676,065.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Doherty Philip O’ sold 9,529 shares of Vertiv stock in a transaction on 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 sale, the director now owns 6,882,859 shares in the company, valued at $752,296,488.70. The disclosure for this sale can be found here. In the last three months, insiders sold 1,115,865 shares of company stock valued at $115,378,949. 5.01% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Oppenheimer boosted their price target on Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. upped their target price on Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. The Goldman Sachs Group reduced their target price on Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Bank of America upped their target price on Vertiv from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. Finally, Mizuho upped their target price on Vertiv from $56.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, April 26th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $96.56.

Vertiv Stock Down 6.1 %

Shares of NYSE:VRT traded down $4.54 during trading on Friday, reaching $69.46. 16,616,289 shares of the stock were exchanged, compared to its average volume of 9,911,446. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 0.98. Vertiv Holdings Co has a 1-year low of $32.38 and a 1-year high of $109.27. The stock has a fifty day moving average of $89.25 and a two-hundred day moving average of $80.85. The firm has a market cap of $26.00 billion, a price-to-earnings ratio of 66.79, a price-to-earnings-growth ratio of 0.97 and a beta of 1.58.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.10. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the firm earned $0.46 earnings per share. Vertiv’s revenue for the quarter was up 12.6% on a year-over-year basis. Research analysts anticipate that Vertiv Holdings Co will post 2.58 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Monday, June 17th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date was Monday, June 17th. Vertiv’s payout ratio is currently 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.