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

Aspire Private Capital LLC acquired a new position in Vertiv Holdings Co. (NYSE:VRT) in the 1st quarter, HoldingsChannel.com reports. The firm acquired 13,584 shares of the company’s stock, valued at approximately $981,000.

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

Vertiv Stock Performance

NYSE VRT opened at $118.69 on Friday. Vertiv Holdings Co. has a 1-year low of $53.60 and a 1-year high of $155.84. The company has a market capitalization of $45.23 billion, a P/E ratio of 69.01, a PEG ratio of 1.20 and a beta of 1.73. The business has a 50 day moving average price of $99.40 and a 200 day moving average price of $103.67. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.72 and a quick ratio of 1.28.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. Vertiv’s revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 earnings per share. Sell-side analysts expect that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th will be given a $0.0375 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a dividend yield of 0.14%. This is an increase from Vertiv’s previous dividend of $0.01. Vertiv’s payout ratio is currently 8.72%.

Insider Activity

In related news, EVP Stephen Liang sold 43,683 shares of Vertiv stock in a transaction on Friday, June 6th. The stock was 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 trade represents a 82.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the completion of the transaction, the insider now owns 18,847 shares in the company, valued at $1,777,837.51. The trade was a 22.59% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.63% of the company’s stock.

Analyst Upgrades and Downgrades

VRT has been the subject of several recent research reports. KGI Securities initiated coverage on Vertiv in a research report on Thursday, April 24th. They set a “hold” rating for the company. Wall Street Zen upgraded Vertiv from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Roth Mkm initiated coverage on Vertiv in a research report on Tuesday, April 8th. They set a “buy” rating and a $75.00 price target for the company. Royal Bank Of Canada initiated coverage on Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 price target for the company. Finally, Roth Capital upgraded Vertiv to a “strong-buy” rating in a research report on Monday, April 7th. Five equities research 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.69.

About Vertiv

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.