GSA Capital Partners LLP Buys New Stake in Vertiv Holdings Co (NYSE:VRT)

GSA Capital Partners LLP bought a new stake in shares of Vertiv Holdings Co (NYSE:VRT) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,898 shares of the company’s stock, valued at approximately $645,000.

Other institutional investors also recently bought and sold shares of the company. Nordea Investment Management AB purchased a new position in Vertiv during the fourth quarter valued at $1,040,000. PNC Financial Services Group Inc. grew its stake in shares of Vertiv by 296.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,205 shares of the company’s stock worth $634,000 after buying an additional 9,870 shares in the last quarter. Xponance Inc. grew its stake in shares of Vertiv by 2.9% in the 4th quarter. Xponance Inc. now owns 14,984 shares of the company’s stock worth $720,000 after buying an additional 426 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of Vertiv by 58.8% in the 4th quarter. California State Teachers Retirement System now owns 547,833 shares of the company’s stock worth $26,312,000 after buying an additional 202,766 shares in the last quarter. Finally, WT Asset Management Ltd purchased a new position in shares of Vertiv in the 4th quarter worth $24,486,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on VRT. Citigroup lifted their price objective on shares of Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Mizuho lifted their price objective on shares of Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. JPMorgan Chase & Co. lifted their price objective on shares of Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Bank of America lifted their price target on shares of Vertiv from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. Finally, Oppenheimer lifted their price target on shares of Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $92.11.

Insider Activity

In related news, insider Yibin Edward Cui sold 668 shares of the business’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 transaction of $63,052.52. Following the completion of the transaction, the insider now owns 19,452 shares in the company, valued at approximately $1,836,074.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Doherty Philip O’ sold 488,705 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $93.68, for a total transaction of $45,781,884.40. Following the completion of the transaction, the director now owns 11,835,476 shares in the company, valued at approximately $1,108,747,391.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Yibin Edward Cui sold 668 shares of the business’s stock in a transaction that occurred on Saturday, May 4th. The stock was sold at an average price of $94.39, for a total transaction of $63,052.52. Following the sale, the insider now directly owns 19,452 shares in the company, valued at approximately $1,836,074.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,162,739 shares of company stock worth $400,713,362. 5.01% of the stock is currently owned by corporate insiders.

Vertiv Trading Down 3.4 %

Shares of VRT opened at $89.67 on Friday. Vertiv Holdings Co has a 1-year low of $25.09 and a 1-year high of $109.27. The company has a 50-day moving average of $94.65 and a 200 day moving average of $77.43. The firm has a market capitalization of $33.57 billion, a price-to-earnings ratio of 86.22, a PEG ratio of 1.35 and a beta of 1.58. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.34 and a quick ratio of 0.98.

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

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Monday, June 17th were issued a $0.025 dividend. 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 currently 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.