Vertiv Holdings Co. (NYSE:VRT) Shares Acquired by First American Bank

First American Bank grew its holdings in Vertiv Holdings Co. (NYSE:VRT) by 12.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,114 shares of the company’s stock after purchasing an additional 7,732 shares during the period. First American Bank’s holdings in Vertiv were worth $5,062,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. North Star Investment Management Corp. lifted its stake in shares of Vertiv by 4,120.0% in the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company’s stock valued at $30,000 after purchasing an additional 412 shares during the last quarter. Tradewinds Capital Management LLC lifted its stake in Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after acquiring an additional 111 shares in the last quarter. Colonial Trust Co SC raised its position in Vertiv by 211.9% in the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company’s stock valued at $36,000 after purchasing an additional 214 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in Vertiv in the 4th quarter valued at about $37,000. Finally, TD Private Client Wealth LLC raised its position in Vertiv by 150.7% in the 4th quarter. TD Private Client Wealth LLC now owns 371 shares of the company’s stock valued at $42,000 after purchasing an additional 223 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analyst Ratings Changes

VRT has been the topic of a number of analyst reports. Roth Mkm initiated coverage on Vertiv in a research report on Tuesday, April 8th. They issued a “buy” rating and a $75.00 price target on the stock. Royal Bank Of Canada started coverage on Vertiv in a research report on Friday, March 7th. They issued an “outperform” rating and a $121.00 price target on the stock. The Goldman Sachs Group increased their price objective on Vertiv from $106.00 to $122.00 and gave the company a “buy” rating in a report on Tuesday, June 10th. KGI Securities started coverage on Vertiv in a report on Thursday, April 24th. They issued a “hold” rating on the stock. Finally, Cowen reiterated a “buy” rating on shares of Vertiv in a report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $126.69.

Vertiv Price Performance

Shares of NYSE:VRT opened at $118.69 on Friday. The company has a market cap of $45.23 billion, a P/E ratio of 69.01, a P/E/G ratio of 1.20 and a beta of 1.73. The company has a quick ratio of 1.28, a current ratio of 1.72 and a debt-to-equity ratio of 1.09. Vertiv Holdings Co. has a 52 week low of $53.60 and a 52 week high of $155.84. The business has a fifty day simple moving average of $99.40 and a 200-day simple moving average of $103.67.

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

Vertiv Increases Dividend

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

Insider Activity at Vertiv

In related news, EVP Stephen Liang sold 43,683 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 9,551 shares of the company’s stock, valued at $1,106,292.33. This represents a 82.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Karsten Winther sold 5,500 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was 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 directly owns 18,847 shares of the company’s stock, valued at $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. 2.63% of the stock is owned by corporate insiders.

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.