TT International Asset Management LTD Has $3.96 Million Holdings in Vertiv Holdings Co (NYSE:VRT)

TT International Asset Management LTD decreased its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 30.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 34,833 shares of the company’s stock after selling 15,265 shares during the period. Vertiv makes up 0.6% of TT International Asset Management LTD’s holdings, making the stock its 20th largest position. TT International Asset Management LTD’s holdings in Vertiv were worth $3,957,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in VRT. Jennison Associates LLC increased its holdings in shares of Vertiv by 10,825.0% during the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock valued at $457,695,000 after acquiring an additional 4,558,306 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of Vertiv in the 2nd quarter worth approximately $331,091,000. Wellington Management Group LLP lifted its position in shares of Vertiv by 271.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock worth $389,548,000 after acquiring an additional 2,860,181 shares during the period. Castle Hook Partners LP lifted its position in shares of Vertiv by 215.6% in the 3rd quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock worth $185,492,000 after acquiring an additional 1,273,746 shares during the period. Finally, Whale Rock Capital Management LLC bought a new stake in shares of Vertiv in the 3rd quarter worth approximately $110,517,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Down 0.2 %

Shares of Vertiv stock opened at $128.95 on Monday. The business has a fifty day simple moving average of $124.74 and a 200 day simple moving average of $102.19. 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 stock has a market cap of $48.40 billion, a PE ratio of 85.97, a price-to-earnings-growth ratio of 1.29 and a beta of 1.63. Vertiv Holdings Co has a 12 month low of $48.22 and a 12 month high of $145.67.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The company 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 company’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 earnings per share. Research analysts predict that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. Vertiv’s payout ratio is 6.67%.

Analysts Set New Price Targets

A number of brokerages have commented on VRT. Oppenheimer raised their price objective on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. UBS Group assumed coverage on Vertiv in a research report on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price for the company. JPMorgan Chase & Co. raised their target price on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. Evercore ISI raised their target price on Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Fox Advisors assumed coverage on Vertiv in a research report on Monday, January 6th. They set an “equal weight” rating for the company. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Vertiv has a consensus rating of “Moderate Buy” and an average price target of $140.92.

Insider Activity

In related news, EVP Stephen Liang sold 86,619 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the sale, the executive vice president now owns 19,551 shares in the company, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value of $4,373,094.44. Following the transaction, the insider now owns 19,448 shares in the company, valued at $2,751,114.08. The trade was a 61.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 171,527 shares of company stock worth $23,105,682 over the last three months. Corporate insiders own 5.01% of the company’s stock.

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.