Davidson Capital Management Inc. Sells 5,370 Shares of Vertiv Holdings Co. (NYSE:VRT)

Davidson Capital Management Inc. lessened its stake in Vertiv Holdings Co. (NYSE:VRT) by 17.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,234 shares of the company’s stock after selling 5,370 shares during the quarter. Davidson Capital Management Inc.’s holdings in Vertiv were worth $1,894,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. North Star Investment Management Corp. raised its position in Vertiv by 4,120.0% in the 1st quarter. North Star Investment Management Corp. now owns 422 shares of the company’s stock valued at $30,000 after buying an additional 412 shares during the last quarter. Tradewinds Capital Management LLC grew its stake in shares of Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after acquiring an additional 111 shares in the last quarter. Colonial Trust Co SC raised its holdings in shares of Vertiv by 211.9% in the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company’s stock valued at $36,000 after purchasing an additional 214 shares during the last quarter. Ameriflex Group Inc. bought a new position in shares of Vertiv during the fourth quarter valued at about $37,000. Finally, TD Private Client Wealth LLC boosted its holdings in Vertiv by 150.7% during the fourth quarter. TD Private Client Wealth LLC now owns 371 shares of the company’s stock worth $42,000 after purchasing an additional 223 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on VRT shares. KGI Securities started coverage on shares of Vertiv in a research report on Thursday, April 24th. They issued a “hold” rating for the company. Roth Mkm initiated coverage on Vertiv in a report on Tuesday, April 8th. They issued a “buy” rating and a $75.00 target price for the company. Evercore ISI reiterated an “outperform” rating and set a $150.00 price target (up from $100.00) on shares of Vertiv in a report on Tuesday, May 27th. Cowen reissued a “buy” rating on shares of Vertiv in a research report on Thursday, April 24th. Finally, Barclays decreased their target price on Vertiv from $100.00 to $90.00 and set an “equal weight” rating for the company in a research report on Friday, April 4th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Vertiv has a consensus rating of “Moderate Buy” and an average target price of $126.69.

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 18,847 shares of the company’s stock, valued at $1,777,837.51. This trade represents a 22.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Stephen Liang sold 43,683 shares of the business’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the transaction, the executive vice president now owns 9,551 shares of the company’s stock, valued at $1,106,292.33. This trade represents a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.63% of the company’s stock.

Vertiv Stock Performance

NYSE VRT opened at $119.19 on Thursday. The firm has a market cap of $45.42 billion, a P/E ratio of 69.30, a price-to-earnings-growth ratio of 1.21 and a beta of 1.73. The company has a quick ratio of 1.28, a current ratio of 1.72 and a debt-to-equity ratio of 1.09. The company’s 50 day moving average is $97.38 and its 200-day moving average is $103.79. Vertiv Holdings Co. has a 12-month low of $53.60 and a 12-month high of $155.84.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the business posted $0.43 earnings per share. The business’s quarterly revenue was up 24.2% on a year-over-year basis. Sell-side analysts predict that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th will be paid a $0.0375 dividend. The ex-dividend date is Monday, June 16th. This represents a yield of 0.14%. This is an increase from Vertiv’s previous dividend of $0.01. Vertiv’s dividend payout ratio (DPR) is currently 8.72%.

Vertiv 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.