Vertiv Holdings Co. (NYSE:VRT) Stock Position Boosted by LDR Capital Management LLC

LDR Capital Management LLC boosted its stake in Vertiv Holdings Co. (NYSE:VRT) by 53.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,510 shares of the company’s stock after buying an additional 4,693 shares during the period. Vertiv accounts for 1.2% of LDR Capital Management LLC’s portfolio, making the stock its 26th biggest holding. LDR Capital Management LLC’s holdings in Vertiv were worth $975,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in VRT. Empowered Funds LLC lifted its stake in Vertiv by 67.0% during the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock valued at $1,043,000 after buying an additional 3,682 shares in the last quarter. Principal Securities Inc. lifted its stake in Vertiv by 71.1% during the fourth quarter. Principal Securities Inc. now owns 5,128 shares of the company’s stock valued at $583,000 after buying an additional 2,131 shares in the last quarter. Sheaff Brock Investment Advisors LLC purchased a new stake in Vertiv during the fourth quarter valued at about $298,000. Pittenger & Anderson Inc. lifted its stake in Vertiv by 92.0% during the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock valued at $36,000 after buying an additional 150 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its position in shares of Vertiv by 13.5% in the fourth quarter. CIBC Asset Management Inc now owns 15,279 shares of the company’s stock worth $1,736,000 after purchasing an additional 1,818 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Insider Activity at Vertiv

In other Vertiv news, EVP Stephen Liang sold 43,683 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 9,551 shares in the company, valued at $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Karsten Winther sold 5,500 shares of the business’s stock in a transaction dated Friday, May 9th. The shares were 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 owns 18,847 shares in the company, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.01% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on VRT. Morgan Stanley reduced their price target on shares of Vertiv from $140.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. KGI Securities began coverage on shares of Vertiv in a research report on Thursday, April 24th. They issued a “hold” rating for the company. Roth Capital raised shares of Vertiv to a “strong-buy” rating in a research report on Monday, April 7th. Barclays cut their price objective on shares of Vertiv from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Friday, April 4th. Finally, Roth Mkm started coverage on shares of Vertiv in a research report on Tuesday, April 8th. They set a “buy” rating and a $75.00 price objective on the stock. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Vertiv currently has a consensus rating of “Moderate Buy” and an average price target of $126.69.

Vertiv Stock Performance

NYSE:VRT opened at $116.79 on Wednesday. The firm’s 50-day moving average is $96.45 and its 200-day moving average is $103.69. Vertiv Holdings Co. has a 52-week low of $53.60 and a 52-week high of $155.84. 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 cap of $44.51 billion, a price-to-earnings ratio of 67.90, a PEG ratio of 1.21 and a beta of 1.73.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (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 company 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 posted $0.43 EPS. The business’s revenue was up 24.2% compared to the same quarter last year. Equities research analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, June 17th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a yield of 0.14%. This is a boost from Vertiv’s previous dividend of $0.01. Vertiv’s payout ratio is presently 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.