Colonial River Investments LLC Acquires 2,346 Shares of Vertiv Holdings Co. (NYSE:VRT)

Colonial River Investments LLC boosted its position in Vertiv Holdings Co. (NYSE:VRT) by 29.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,347 shares of the company’s stock after acquiring an additional 2,346 shares during the quarter. Colonial River Investments LLC’s holdings in Vertiv were worth $747,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. North Star Investment Management Corp. grew its position in Vertiv by 4,120.0% during the first quarter. North Star Investment Management Corp. now owns 422 shares of the company’s stock valued at $30,000 after acquiring an additional 412 shares during the last quarter. Colonial Trust Co SC grew its holdings in shares of Vertiv by 211.9% during 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 during the last quarter. Ameriflex Group Inc. bought a new position in shares of Vertiv during the 4th quarter valued at $37,000. TD Private Client Wealth LLC grew its holdings in shares of Vertiv by 150.7% during 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 during the last quarter. Finally, Mizuho Securities Co. Ltd. bought a new position in shares of Vertiv during the 1st quarter valued at $43,000. 89.92% of the stock is currently owned by institutional investors.

Vertiv Stock Performance

VRT stock opened at $127.48 on Friday. The stock has a market capitalization of $48.58 billion, a PE ratio of 74.12, a price-to-earnings-growth ratio of 1.24 and a beta of 1.73. Vertiv Holdings Co. has a 12-month low of $53.60 and a 12-month high of $155.84. The company has a current ratio of 1.72, a quick ratio of 1.28 and a debt-to-equity ratio of 1.09. The stock’s 50 day simple moving average is $104.39 and its 200 day simple moving average is $103.43.

Vertiv (NYSE:VRT) last announced its quarterly earnings results 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. The firm had revenue of $2.04 billion for 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%. The company’s quarterly revenue was up 24.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share. As a group, research analysts forecast that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were paid a dividend of $0.0375 per share. The ex-dividend date was Monday, June 16th. This represents a yield of 0.14%. This is a boost from Vertiv’s previous dividend of $0.01. Vertiv’s dividend payout ratio is currently 8.72%.

Insider Buying and Selling at Vertiv

In other news, insider Karsten Winther sold 5,500 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 18,847 shares in the company, valued at $1,777,837.51. This represents a 22.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $5,059,801.89. Following the completion of the transaction, the executive vice president now owns 9,551 shares in the company, valued at $1,106,292.33. This trade represents a 82.06% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.63% of the company’s stock.

Wall Street Analyst Weigh In

VRT has been the topic of a number of recent research reports. Evercore ISI reaffirmed an “outperform” rating and set a $150.00 price objective (up from $100.00) on shares of Vertiv in a research note on Tuesday, May 27th. Barclays reduced their price target on Vertiv from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Friday, April 4th. KGI Securities initiated coverage on shares of Vertiv in a report on Thursday, April 24th. They issued a “hold” rating on the stock. The Goldman Sachs Group raised their target price on shares of Vertiv from $106.00 to $122.00 and gave the stock a “buy” rating in a report on Tuesday, June 10th. Finally, Wall Street Zen raised shares of Vertiv from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 21st. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $126.69.

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.