Vertiv Holdings Co (NYSE:VRT) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC lowered its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 5.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,212,362 shares of the company’s stock after selling 127,175 shares during the period. Clearbridge Investments LLC owned 0.59% of Vertiv worth $180,684,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Bogart Wealth LLC purchased a new position in Vertiv during the first quarter worth about $25,000. GAMMA Investing LLC acquired a new stake in Vertiv during the 4th quarter valued at approximately $26,000. Raleigh Capital Management Inc. grew its stake in Vertiv by 79.0% during the 4th quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock valued at $27,000 after purchasing an additional 252 shares in the last quarter. Atticus Wealth Management LLC acquired a new position in shares of Vertiv in the 1st quarter worth approximately $27,000. Finally, Hazlett Burt & Watson Inc. acquired a new position in shares of Vertiv in the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insider Buying and Selling

In related news, insider Yibin Edward Cui sold 668 shares of the business’s stock in a transaction dated Saturday, May 4th. The stock was sold at an average price of $94.39, for a total transaction of $63,052.52. Following the completion of the transaction, the insider now owns 19,452 shares of the company’s stock, valued at approximately $1,836,074.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Doherty Philip O’ sold 9,529 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $109.30, for a total transaction of $1,041,519.70. Following the transaction, the director now directly owns 6,882,859 shares in the company, valued at $752,296,488.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Yibin Edward Cui sold 668 shares of the company’s stock in a transaction that occurred on Saturday, May 4th. The shares were sold at an average price of $94.39, for a total value of $63,052.52. Following the completion of the sale, the insider now owns 19,452 shares in the company, valued at $1,836,074.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,162,739 shares of company stock valued at $400,713,362. Insiders own 5.01% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on VRT shares. Oppenheimer raised their price target on Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Mizuho boosted their price objective on Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. Citigroup lifted their target price on Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Evercore ISI lifted their target price on Vertiv from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Friday, June 14th. Finally, Bank of America lifted their price target on Vertiv from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $92.11.

Vertiv Stock Up 3.6 %

Shares of NYSE:VRT traded up $3.15 on Tuesday, reaching $91.00. The company had a trading volume of 10,039,496 shares, compared to its average volume of 8,468,140. Vertiv Holdings Co has a twelve month low of $25.09 and a twelve month high of $109.27. The stock has a 50-day moving average price of $93.23 and a 200 day moving average price of $79.59. The stock has a market capitalization of $34.07 billion, a P/E ratio of 87.50, a P/E/G ratio of 1.24 and a beta of 1.58. The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 2.09.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Vertiv had a return on equity of 44.95% and a net margin of 5.79%. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities analysts expect that Vertiv Holdings Co will post 2.44 EPS for the current year.

Vertiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Monday, June 17th were given a dividend of $0.025 per share. The ex-dividend date was Monday, June 17th. This represents a $0.10 annualized dividend and a dividend yield of 0.11%. Vertiv’s dividend payout ratio is presently 9.62%.

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.