Vertiv Holdings Co (NYSE:VRT) Shares Bought by National Pension Service

National Pension Service grew its position in Vertiv Holdings Co (NYSE:VRT) by 29.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 583,781 shares of the company’s stock after purchasing an additional 133,481 shares during the period. National Pension Service owned approximately 0.16% of Vertiv worth $58,080,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Anchor Investment Management LLC purchased a new position in Vertiv during the 2nd quarter worth approximately $26,000. Mather Group LLC. raised its holdings in shares of Vertiv by 132.5% during the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after purchasing an additional 200 shares during the last quarter. Krane Funds Advisors LLC acquired a new position in Vertiv during the third quarter valued at $29,000. Global Trust Asset Management LLC purchased a new stake in Vertiv in the third quarter valued at $30,000. Finally, OFI Invest Asset Management acquired a new stake in Vertiv during the 2nd quarter worth about $34,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Trading Up 6.0 %

Shares of Vertiv stock opened at $112.57 on Wednesday. Vertiv Holdings Co has a twelve month low of $38.68 and a twelve month high of $116.41. The firm’s 50-day moving average price is $98.13 and its 200 day moving average price is $91.70. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $42.25 billion, a PE ratio of 75.05, a P/E/G ratio of 1.16 and a beta of 1.58.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The business’s revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 earnings per share. On average, sell-side analysts predict that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were given a dividend of $0.025 per share. The ex-dividend date was Tuesday, September 17th. This represents a $0.10 dividend on an annualized basis and a yield of 0.09%. Vertiv’s payout ratio is presently 6.67%.

Insider Buying and Selling at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the transaction, the insider now directly owns 10,542 shares in the company, valued at $843,254.58. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.01% of the stock is owned by insiders.

Analyst Ratings Changes

VRT has been the topic of a number of recent research reports. Evercore ISI upped their target price on Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Bank of America raised their price objective on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. TD Cowen increased their price target on shares of Vertiv from $93.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. The Goldman Sachs Group dropped their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Finally, Citigroup increased their target price on shares of Vertiv from $130.00 to $134.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vertiv has a consensus rating of “Buy” and an average target price of $122.11.

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.