Vertiv Holdings Co (NYSE:VRT) Holdings Raised by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lifted its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 77.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 600,938 shares of the company’s stock after purchasing an additional 262,911 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.16% of Vertiv worth $48,036,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. PNC Financial Services Group Inc. raised its position in Vertiv by 296.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,205 shares of the company’s stock worth $634,000 after acquiring an additional 9,870 shares in the last quarter. Xponance Inc. raised its position in Vertiv by 2.9% in the fourth quarter. Xponance Inc. now owns 14,984 shares of the company’s stock worth $720,000 after acquiring an additional 426 shares in the last quarter. California State Teachers Retirement System raised its position in Vertiv by 58.8% in the fourth quarter. California State Teachers Retirement System now owns 547,833 shares of the company’s stock worth $26,312,000 after acquiring an additional 202,766 shares in the last quarter. Williamson Legacy Group LLC bought a new stake in Vertiv in the fourth quarter worth about $1,645,000. Finally, Quadrant Capital Group LLC increased its stake in Vertiv by 24.7% in the 4th quarter. Quadrant Capital Group LLC now owns 857 shares of the company’s stock worth $41,000 after purchasing an additional 170 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Doherty Philip O’ sold 9,529 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $109.30, for a total value of $1,041,519.70. Following the completion of the sale, the director now directly owns 6,882,859 shares in the company, valued at approximately $752,296,488.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Doherty Philip O’ sold 9,529 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $109.30, for a total transaction of $1,041,519.70. Following the completion of the transaction, the director now directly owns 6,882,859 shares in the company, valued at $752,296,488.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Roger Fradin sold 16,667 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $103.86, for a total value of $1,731,034.62. Following the transaction, the director now owns 218,333 shares of the company’s stock, valued at $22,676,065.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,115,865 shares of company stock worth $115,378,949. 5.01% of the stock is currently owned by insiders.

Analyst Ratings Changes

VRT has been the topic of a number of analyst reports. Mizuho lifted their price target on Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. Bank of America lifted their price target on Vertiv from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. Evercore ISI lifted their target price on Vertiv from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Friday, June 14th. The Goldman Sachs Group lowered their target price on Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Finally, TD Cowen lifted their target price on Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $96.56.

Vertiv Stock Down 6.1 %

Shares of NYSE VRT traded down $4.54 during trading hours on Friday, hitting $69.46. The stock had a trading volume of 16,616,289 shares, compared to its average volume of 9,911,446. The company has a market capitalization of $26.00 billion, a P/E ratio of 66.79, a P/E/G ratio of 0.97 and a beta of 1.58. The firm’s 50-day moving average price is $89.25 and its two-hundred day moving average price is $80.64. Vertiv Holdings Co has a 52 week low of $32.38 and a 52 week high of $109.27. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.98 and a current ratio of 1.36.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.57 by $0.10. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 EPS. Analysts anticipate that Vertiv Holdings Co will post 2.58 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Monday, June 17th were issued a $0.025 dividend. The ex-dividend date of this dividend was Monday, June 17th. This represents a $0.10 annualized dividend and a yield of 0.14%. Vertiv’s dividend payout ratio (DPR) is currently 9.62%.

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.