422,513 Shares in Vertiv Holdings Co (NYSE:VRT) Acquired by D1 Capital Partners L.P.

D1 Capital Partners L.P. acquired a new position in shares of Vertiv Holdings Co (NYSE:VRT) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 422,513 shares of the company’s stock, valued at approximately $42,036,000. D1 Capital Partners L.P. owned approximately 0.11% of Vertiv as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in VRT. Jacobs Levy Equity Management Inc. purchased a new stake in Vertiv in the first quarter valued at $3,018,000. LRI Investments LLC purchased a new stake in shares of Vertiv in the 1st quarter valued at $48,000. Swedbank AB acquired a new position in Vertiv during the 1st quarter worth $15,852,000. Cetera Investment Advisers grew its stake in Vertiv by 513.6% during the 1st quarter. Cetera Investment Advisers now owns 57,311 shares of the company’s stock worth $4,681,000 after purchasing an additional 47,971 shares in the last quarter. Finally, Cetera Advisors LLC grew its stake in Vertiv by 41.1% during the 1st quarter. Cetera Advisors LLC now owns 9,252 shares of the company’s stock worth $756,000 after purchasing an additional 2,695 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on VRT shares. UBS Group started coverage on Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price for the company. Citigroup boosted their target price on Vertiv from $134.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Bank of America boosted their target price on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Evercore ISI boosted 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. Finally, JPMorgan Chase & Co. boosted their target price on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 19th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vertiv presently has a consensus rating of “Buy” and a consensus target price of $138.50.

Vertiv Stock Down 3.6 %

VRT opened at $126.94 on Friday. The business has a 50 day moving average price of $114.21 and a two-hundred day moving average price of $96.11. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The company has a market cap of $47.65 billion, a PE ratio of 84.63, a P/E/G ratio of 1.31 and a beta of 1.58. Vertiv Holdings Co has a 52 week low of $41.01 and a 52 week high of $145.67.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.69 by $0.07. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The firm’s revenue was up 19.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 EPS. As a group, research analysts anticipate that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. This is an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, December 3rd. Vertiv’s dividend payout ratio is 6.67%.

Insider Transactions at Vertiv

In other news, EVP Stephen Liang sold 86,619 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the completion of the transaction, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Karsten Winther sold 44,924 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total value of $3,593,470.76. Following the transaction, the insider now directly owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. This trade represents a 80.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 216,451 shares of company stock valued at $26,699,153. Corporate 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.