Eagle Bluffs Wealth Management LLC Buys Shares of 42,679 Vertiv Holdings Co. (NYSE:VRT)

Eagle Bluffs Wealth Management LLC bought a new stake in shares of Vertiv Holdings Co. (NYSE:VRT) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 42,679 shares of the company’s stock, valued at approximately $3,081,000. Vertiv comprises approximately 1.6% of Eagle Bluffs Wealth Management LLC’s holdings, making the stock its 18th largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VRT. Massachusetts Financial Services Co. MA purchased a new stake in shares of Vertiv in the fourth quarter worth $597,379,000. Norges Bank bought a new position in shares of Vertiv during the fourth quarter worth $391,777,000. Arrowstreet Capital Limited Partnership boosted 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 during the last quarter. Wellington Management Group LLP boosted its position in shares of Vertiv by 25.3% during the fourth quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company’s stock worth $557,349,000 after acquiring an additional 990,361 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in shares of Vertiv by 10,482.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 846,471 shares of the company’s stock worth $96,168,000 after acquiring an additional 838,472 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on VRT shares. Mizuho upped their target price on shares of Vertiv from $125.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 16th. KGI Securities started coverage on shares of Vertiv in a research report on Thursday, April 24th. They set a “hold” rating for the company. The Goldman Sachs Group restated a “buy” rating on shares of Vertiv in a research report on Friday, July 11th. Cowen restated a “buy” rating on shares of Vertiv in a research report on Thursday, April 24th. Finally, Bank of America upped their target price on shares of Vertiv from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, Vertiv presently has a consensus rating of “Buy” and an average target price of $136.76.

Vertiv Price Performance

Vertiv stock opened at $137.52 on Monday. The firm has a 50-day moving average price of $118.59 and a 200-day moving average price of $103.98. The firm has a market capitalization of $52.41 billion, a PE ratio of 79.96, a price-to-earnings-growth ratio of 1.37 and a beta of 1.75. 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 Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were issued a $0.0375 dividend. This represents a dividend yield of 0.14%. The ex-dividend date was Monday, June 16th. This is a positive change from Vertiv’s previous dividend of $0.01. Vertiv’s dividend payout ratio (DPR) is 8.72%.

Insider Activity

In other news, insider Karsten Winther sold 5,500 shares of the firm’s stock in a transaction dated 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 sale, the insider owned 18,847 shares in the company, valued at approximately $1,777,837.51. This trade represents a 22.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president owned 9,551 shares of the company’s stock, 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. 5.01% of the stock is currently owned by company insiders.

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.