Aspire Private Capital LLC Invests $981,000 in Vertiv Holdings Co. (NYSE:VRT)

Aspire Private Capital LLC purchased a new position in Vertiv Holdings Co. (NYSE:VRT) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,584 shares of the company’s stock, valued at approximately $981,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Praxis Investment Management Inc. lifted its holdings in shares of Vertiv by 59.8% in the first quarter. Praxis Investment Management Inc. now owns 12,130 shares of the company’s stock worth $876,000 after buying an additional 4,540 shares in the last quarter. Mizuho Securities Co. Ltd. purchased a new stake in shares of Vertiv in the first quarter worth about $43,000. PFG Investments LLC lifted its holdings in shares of Vertiv by 44.3% in the first quarter. PFG Investments LLC now owns 7,836 shares of the company’s stock worth $566,000 after buying an additional 2,404 shares in the last quarter. Rockline Wealth Management LLC purchased a new stake in shares of Vertiv in the first quarter worth about $922,000. Finally, Cottage Street Advisors LLC raised its stake in Vertiv by 2.1% in the first quarter. Cottage Street Advisors LLC now owns 14,974 shares of the company’s stock valued at $1,081,000 after purchasing an additional 309 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Vertiv

In other news, insider Karsten Winther sold 5,500 shares of the firm’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 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Stephen Liang sold 43,683 shares of the firm’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 transaction, the executive vice president now owns 9,551 shares in the company, valued at approximately $1,106,292.33. This represents a 82.06% decrease in their position. The disclosure for this sale can be found here. 2.63% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on VRT. The Goldman Sachs Group raised their target price on shares of Vertiv from $106.00 to $122.00 and gave the company a “buy” rating in a research note on Tuesday, June 10th. Morgan Stanley lowered their target price on shares of Vertiv from $140.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Roth Mkm began coverage on shares of Vertiv in a research note on Tuesday, April 8th. They issued a “buy” rating and a $75.00 target price on the stock. Barclays lowered their target price on shares of Vertiv from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Friday, April 4th. Finally, Cowen reaffirmed a “buy” rating on shares of Vertiv in a research note on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $126.69.

Vertiv Trading Down 0.3%

Shares of NYSE:VRT opened at $118.69 on Friday. The stock has a 50 day moving average of $99.40 and a 200 day moving average of $103.67. The company has a market cap of $45.23 billion, a PE ratio of 69.01, a price-to-earnings-growth ratio of 1.20 and a beta of 1.73. The company has a current ratio of 1.72, a quick ratio of 1.28 and a debt-to-equity ratio of 1.09. Vertiv Holdings Co. has a 12-month low of $53.60 and a 12-month high of $155.84.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the company posted $0.43 EPS. The firm’s revenue was up 24.2% on a year-over-year basis. As a group, equities research analysts expect that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

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