Sapient Capital LLC Buys New Shares in Vertiv Holdings Co (NYSE:VRT)

Sapient Capital LLC purchased a new position in shares of Vertiv Holdings Co (NYSE:VRT) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 105,398 shares of the company’s stock, valued at approximately $7,610,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of VRT. Stratos Wealth Partners LTD. grew its holdings in Vertiv by 27.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 3,367 shares of the company’s stock worth $383,000 after purchasing an additional 734 shares during the period. Kingsview Wealth Management LLC grew its holdings in Vertiv by 60.7% during the fourth quarter. Kingsview Wealth Management LLC now owns 5,873 shares of the company’s stock worth $667,000 after purchasing an additional 2,219 shares during the period. Empowered Funds LLC boosted its holdings in shares of Vertiv by 67.0% during the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock worth $1,043,000 after acquiring an additional 3,682 shares during the period. Stephens Inc. AR boosted its holdings in shares of Vertiv by 26.2% during the fourth quarter. Stephens Inc. AR now owns 7,163 shares of the company’s stock worth $814,000 after acquiring an additional 1,485 shares during the period. Finally, Kestra Private Wealth Services LLC boosted its holdings in shares of Vertiv by 64.2% during the fourth quarter. Kestra Private Wealth Services LLC now owns 7,314 shares of the company’s stock worth $831,000 after acquiring an additional 2,861 shares during the period. Institutional investors own 89.92% of the company’s stock.

Vertiv Stock Up 1.9%

Shares of VRT opened at $110.53 on Thursday. The firm has a 50 day simple moving average of $92.52 and a two-hundred day simple moving average of $104.26. The company has a market cap of $42.12 billion, a P/E ratio of 86.35, a P/E/G ratio of 1.07 and a beta of 1.73. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. Vertiv Holdings Co has a one year low of $53.60 and a one year high of $155.84.

Vertiv (NYSE:VRT) last announced its quarterly 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. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The company’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 earnings per share. Research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Cowen restated a “buy” rating on shares of Vertiv in a report on Thursday, April 24th. JPMorgan Chase & Co. boosted their price objective on Vertiv from $100.00 to $127.00 and gave the stock an “overweight” rating in a report on Friday, May 16th. KGI Securities began coverage on Vertiv in a report on Thursday, April 24th. They set a “hold” rating for the company. Roth Mkm began coverage on shares of Vertiv in a research report on Tuesday, April 8th. They issued a “buy” rating and a $75.00 price target for the company. Finally, Royal Bank of Canada began coverage on shares of Vertiv in a research report on Friday, March 7th. They issued an “outperform” rating and a $121.00 price target for the company. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $124.69.

Insider Transactions at Vertiv

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