Cullinan Associates Inc. Takes Position in Vertiv Holdings Co. (NYSE:VRT)

Cullinan Associates Inc. acquired a new stake in Vertiv Holdings Co. (NYSE:VRT) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 7,022 shares of the company’s stock, valued at approximately $507,000.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Vertiv by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company’s stock valued at $4,130,415,000 after purchasing an additional 1,244,780 shares during the period. Geode Capital Management LLC grew its position in Vertiv by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company’s stock worth $688,260,000 after acquiring an additional 99,181 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in Vertiv during the 4th quarter worth approximately $597,379,000. Wellington Management Group LLP grew its position in Vertiv by 25.3% during the 4th quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company’s stock worth $557,349,000 after acquiring an additional 990,361 shares during the last quarter. Finally, Clearbridge Investments LLC grew its position in Vertiv by 4.8% during the 4th quarter. Clearbridge Investments LLC now owns 3,647,326 shares of the company’s stock worth $414,373,000 after acquiring an additional 167,061 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Roth Mkm assumed coverage on Vertiv in a research report on Tuesday, April 8th. They set a “buy” rating and a $75.00 price target on the stock. Roth Capital upgraded Vertiv to a “strong-buy” rating in a research report on Monday, April 7th. Citigroup increased their price target on Vertiv from $98.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, June 16th. Barclays decreased their price target on Vertiv from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Friday, April 4th. Finally, Royal Bank Of Canada initiated coverage on Vertiv in a research report on Friday, March 7th. They set an “outperform” rating and a $121.00 price target on the stock. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Vertiv currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.69.

Insider Activity

In related news, EVP Stephen Liang sold 43,683 shares of the firm’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the sale, the executive vice president now owns 9,551 shares of the company’s stock, valued at approximately $1,106,292.33. This trade represents a 82.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Karsten Winther sold 5,500 shares of the firm’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $94.33, for a total value of $518,815.00. Following the sale, the insider now directly owns 18,847 shares in the company, valued at $1,777,837.51. The trade was a 22.59% decrease in their position. The disclosure for this sale can be found here. 2.63% of the stock is currently owned by company insiders.

Vertiv Stock Performance

VRT stock opened at $118.69 on Friday. The business’s fifty day moving average is $99.40 and its 200-day moving average is $103.49. 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 has a market cap of $45.23 billion, a P/E ratio of 69.01, a price-to-earnings-growth ratio of 1.19 and a beta of 1.73. Vertiv Holdings Co. has a twelve month low of $53.60 and a twelve month high of $155.84.

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

Vertiv Increases Dividend

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