Vertiv Holdings Co (NYSE:VRT) Shares Purchased by WASHINGTON TRUST Co

WASHINGTON TRUST Co boosted its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 124.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 560 shares of the company’s stock after buying an additional 310 shares during the quarter. WASHINGTON TRUST Co’s holdings in Vertiv were worth $48,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Raymond James Financial Services Advisors Inc. raised its position in Vertiv by 16.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 28,193 shares of the company’s stock valued at $1,354,000 after purchasing an additional 4,028 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Vertiv by 33.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,706 shares of the company’s stock worth $706,000 after acquiring an additional 3,673 shares in the last quarter. Bleakley Financial Group LLC acquired a new stake in shares of Vertiv in the 4th quarter valued at $240,000. Cerity Partners LLC purchased a new stake in shares of Vertiv during the 4th quarter worth $524,000. Finally, Ingalls & Snyder LLC acquired a new position in shares of Vertiv during the fourth quarter worth $255,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on VRT shares. JPMorgan Chase & Co. raised their price objective on shares of Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. TD Cowen boosted their price objective on shares of Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Evercore ISI lifted their target price on shares of Vertiv from $95.00 to $105.00 and gave the company an “outperform” rating in a report on Friday, June 14th. Oppenheimer raised their price objective on shares of Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Finally, The Goldman Sachs Group dropped their target price on Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $96.22.

Vertiv Price Performance

Shares of VRT traded up $3.35 during trading hours on Tuesday, reaching $76.29. 7,218,715 shares of the company traded hands, compared to its average volume of 8,820,300. The stock has a market capitalization of $28.56 billion, a PE ratio of 71.89, a price-to-earnings-growth ratio of 0.97 and a beta of 1.58. The stock has a fifty day simple moving average of $85.43 and a 200 day simple moving average of $81.79. Vertiv Holdings Co has a fifty-two week low of $32.38 and a fifty-two week high of $109.27. The company has a quick ratio of 0.98, a current ratio of 1.36 and a debt-to-equity ratio of 1.90.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.10. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 earnings per share. As a group, research analysts predict that Vertiv Holdings Co will post 2.58 EPS for the current fiscal year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Monday, June 17th were given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.13%. The ex-dividend date of this dividend was Monday, June 17th. Vertiv’s dividend payout ratio (DPR) is currently 9.62%.

Insider Buying and Selling at Vertiv

In other Vertiv news, Director Roger Fradin sold 16,667 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $103.86, for a total transaction of $1,731,034.62. Following the completion of the sale, the director now directly owns 218,333 shares in the company, valued at $22,676,065.38. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Roger Fradin sold 16,667 shares of Vertiv stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $103.86, for a total transaction of $1,731,034.62. Following the sale, the director now owns 218,333 shares in the company, valued at $22,676,065.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Doherty Philip O’ sold 9,529 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $109.30, for a total transaction of $1,041,519.70. Following the completion of the transaction, the director now directly owns 6,882,859 shares of the company’s stock, valued at $752,296,488.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,115,865 shares of company stock valued at $115,378,949. Company insiders own 5.01% of the company’s stock.

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.