Bokf Na Raises Position in Vertiv Holdings Co (NYSE:VRT)

Bokf Na increased its holdings in Vertiv Holdings Co (NYSE:VRT) by 1,984,300.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,376 shares of the company’s stock after purchasing an additional 79,372 shares during the quarter. Bokf Na’s holdings in Vertiv were worth $6,382,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Bogart Wealth LLC purchased a new position in Vertiv in the 1st quarter worth $25,000. Atticus Wealth Management LLC purchased a new position in shares of Vertiv in the first quarter valued at about $27,000. Hazlett Burt & Watson Inc. purchased a new position in shares of Vertiv in the first quarter valued at about $34,000. RiverPark Advisors LLC purchased a new position in shares of Vertiv in the first quarter valued at about $35,000. Finally, ORG Partners LLC purchased a new position in shares of Vertiv in the first quarter valued at about $37,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Trading Up 0.8 %

Shares of NYSE VRT traded up $0.64 during midday trading on Friday, hitting $77.12. 7,834,561 shares of the company traded hands, compared to its average volume of 9,546,067. Vertiv Holdings Co has a 12-month low of $25.09 and a 12-month high of $109.27. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.98 and a current ratio of 1.34. The stock has a 50-day moving average price of $91.90 and a 200 day moving average price of $79.97. The firm has a market cap of $28.87 billion, a P/E ratio of 74.15, a P/E/G ratio of 1.06 and a beta of 1.58.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.57 by $0.10. Vertiv had a net margin of 6.93% and a return on equity of 49.53%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the firm posted $0.46 earnings per share. Vertiv’s quarterly revenue was up 12.6% on a year-over-year basis. As a group, analysts expect that Vertiv Holdings Co will post 2.58 earnings per share for the current year.

Vertiv Announces Dividend

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

Insider Transactions at Vertiv

In other news, Director Doherty Philip O’ sold 2,511,295 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $93.64, for a total value of $235,157,663.80. Following the transaction, the director now owns 9,324,181 shares in the company, valued at $873,116,308.84. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Anders Karlborg sold 46,206 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $93.75, for a total value of $4,331,812.50. Following the transaction, the executive vice president now owns 23,003 shares in the company, valued at $2,156,531.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Doherty Philip O’ sold 2,511,295 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $93.64, for a total transaction of $235,157,663.80. Following the transaction, the director now directly owns 9,324,181 shares of the company’s stock, valued at $873,116,308.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,674,034 shares of company stock worth $354,931,478. Corporate insiders own 5.01% of the company’s stock.

Analyst Ratings Changes

VRT has been the topic of a number of analyst reports. Evercore ISI boosted their price objective on shares of Vertiv from $95.00 to $105.00 and gave the company an “outperform” rating in a research report on Friday, June 14th. Mizuho boosted their price objective on shares of Vertiv from $56.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. 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 report on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Finally, Bank of America boosted their price target on shares of Vertiv from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Vertiv currently has a consensus rating of “Moderate Buy” and an average target price of $96.56.

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.