Key Client Fiduciary Advisors LLC Has $500,000 Stake in Vertiv Holdings Co (NYSE:VRT)

Key Client Fiduciary Advisors LLC grew its holdings in Vertiv Holdings Co (NYSE:VRT) by 96.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,929 shares of the company’s stock after acquiring an additional 3,410 shares during the quarter. Key Client Fiduciary Advisors LLC’s holdings in Vertiv were worth $500,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of analysts have recently commented on the stock. 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 report on Friday, May 16th. Roth Capital upgraded shares of Vertiv to a “strong-buy” rating in a research note on Monday, April 7th. Citigroup cut their price target on shares of Vertiv from $153.00 to $98.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. KGI Securities initiated coverage on shares of Vertiv in a research note on Thursday, April 24th. They set a “hold” rating for the company. Finally, Evercore ISI restated an “outperform” rating and issued a $150.00 price objective (up previously from $100.00) on shares of Vertiv in a report on Tuesday, May 27th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $122.38.

Vertiv Price Performance

NYSE:VRT opened at $112.41 on Wednesday. Vertiv Holdings Co has a 12-month low of $53.60 and a 12-month high of $155.84. The firm has a market capitalization of $42.84 billion, a price-to-earnings ratio of 87.82, a P/E/G ratio of 1.07 and a beta of 1.70. The stock’s 50 day moving average price is $87.61 and its two-hundred day moving average price is $105.06. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the firm earned $0.43 EPS. The firm’s revenue was up 24.2% compared to the same quarter last year. On average, analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were paid a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.13%. Vertiv’s dividend payout ratio (DPR) is currently 8.72%.

Insider Activity at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now directly owns 18,847 shares in the company, valued at $1,777,837.51. This trade represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.63% of the stock is owned by company 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.