Farmers & Merchants Investments Inc. Has $41,000 Stock Position in Vertiv Holdings Co (NYSE:VRT)

Farmers & Merchants Investments Inc. lifted its position in shares of Vertiv Holdings Co (NYSE:VRT) by 66.7% during the first quarter, Holdings Channel reports. The firm owned 500 shares of the company’s stock after acquiring an additional 200 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Vertiv were worth $41,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in Vertiv by 22.3% in the first quarter. GAMMA Investing LLC now owns 653 shares of the company’s stock worth $53,000 after acquiring an additional 119 shares during the period. Quadrant Capital Group LLC raised its position in Vertiv by 24.7% in the fourth quarter. Quadrant Capital Group LLC now owns 857 shares of the company’s stock worth $41,000 after acquiring an additional 170 shares during the period. Simon Quick Advisors LLC raised its position in Vertiv by 1.0% in the fourth quarter. Simon Quick Advisors LLC now owns 20,065 shares of the company’s stock worth $964,000 after acquiring an additional 205 shares during the period. Raleigh Capital Management Inc. raised its position in Vertiv by 79.0% in the fourth quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock worth $27,000 after acquiring an additional 252 shares during the period. Finally, Wealthcare Advisory Partners LLC grew its stake in shares of Vertiv by 2.0% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 13,794 shares of the company’s stock worth $1,127,000 after acquiring an additional 273 shares during the period. 89.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

VRT has been the topic of several recent research reports. Bank of America upped their price objective on shares of Vertiv from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. JPMorgan Chase & Co. lifted their price objective on shares of Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Oppenheimer increased their target price on Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Citigroup boosted their price objective on Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Finally, Evercore ISI raised their target price on Vertiv from $95.00 to $105.00 and gave the stock an “outperform” rating in a research note on Friday, June 14th. One investment 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $92.11.

Vertiv Price Performance

Shares of VRT traded up $0.71 during trading hours on Tuesday, reaching $87.37. 3,354,952 shares of the company’s stock traded hands, compared to its average volume of 8,495,736. Vertiv Holdings Co has a 12 month low of $23.51 and a 12 month high of $109.27. The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 2.09. The stock has a market cap of $32.71 billion, a PE ratio of 83.83, a price-to-earnings-growth ratio of 1.26 and a beta of 1.58. The firm’s 50 day simple moving average is $94.27 and its 200-day simple moving average is $74.87.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.06. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.62 billion. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. Vertiv’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.24 earnings per share. Equities analysts expect that Vertiv Holdings Co will post 2.43 EPS for the current year.

Vertiv Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Monday, June 17th were given a dividend of $0.025 per share. The ex-dividend date was Monday, June 17th. This represents a $0.10 dividend on an annualized basis and a yield of 0.11%. Vertiv’s payout ratio is 9.62%.

Insiders Place Their Bets

In other news, EVP Anders Karlborg sold 46,206 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $93.75, for a total transaction of $4,331,812.50. Following the transaction, the executive vice president now directly owns 23,003 shares in the company, valued at approximately $2,156,531.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Doherty Philip O’ sold 488,705 shares of Vertiv stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $93.68, for a total value of $45,781,884.40. Following the transaction, the director now owns 11,835,476 shares in the company, valued at $1,108,747,391.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Anders Karlborg sold 46,206 shares of Vertiv stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $93.75, for a total value of $4,331,812.50. Following the completion of the transaction, the executive vice president now owns 23,003 shares in the company, valued at approximately $2,156,531.25. The disclosure for this sale can be found here. Insiders sold a total of 4,162,739 shares of company stock valued at $400,713,362 over the last 90 days. Insiders own 5.01% of the company’s stock.

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.