Board of the Pension Protection Fund Acquires New Shares in Vertiv Holdings Co (NYSE:VRT)

Board of the Pension Protection Fund bought a new position in Vertiv Holdings Co (NYSE:VRT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 3,600 shares of the company’s stock, valued at approximately $409,000.

Other large investors have also recently bought and sold shares of the company. Acadian Asset Management LLC raised its holdings in Vertiv by 166.5% in the 2nd quarter. Acadian Asset Management LLC now owns 10,677 shares of the company’s stock valued at $922,000 after buying an additional 6,670 shares during the last quarter. Quest Partners LLC raised its stake in shares of Vertiv by 10,440.0% during the second quarter. Quest Partners LLC now owns 1,581 shares of the company’s stock valued at $137,000 after acquiring an additional 1,566 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Vertiv by 57.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 10,616 shares of the company’s stock worth $919,000 after purchasing an additional 3,876 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Vertiv by 12.4% in the second quarter. Envestnet Asset Management Inc. now owns 352,548 shares of the company’s stock worth $30,520,000 after purchasing an additional 38,822 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new position in Vertiv during the 2nd quarter worth $331,091,000. 89.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Jan Van Dokkum sold 38,647 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $136.39, for a total value of $5,271,064.33. Following the completion of the sale, the director now owns 25,000 shares in the company, valued at $3,409,750. This represents a 60.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the transaction, the executive vice president now directly owns 19,551 shares in the company, valued at $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 171,527 shares of company stock worth $23,105,682 in the last quarter. Insiders own 5.01% of the company’s stock.

Analysts Set New Price Targets

VRT has been the topic of a number of analyst reports. Morgan Stanley began coverage on Vertiv in a research report on Monday, January 6th. They issued an “overweight” rating and a $150.00 price target on the stock. Oppenheimer increased their target price on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Barclays assumed coverage on shares of Vertiv in a research report on Thursday, December 12th. They issued an “equal weight” rating and a $142.00 price target on the stock. Citigroup upped their price objective on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 19th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Vertiv currently has an average rating of “Moderate Buy” and a consensus price target of $140.92.

Vertiv Stock Performance

Shares of Vertiv stock opened at $128.67 on Wednesday. The business has a 50-day simple moving average of $125.42 and a 200 day simple moving average of $102.74. The firm has a market capitalization of $48.29 billion, a price-to-earnings ratio of 85.78, a PEG ratio of 1.29 and a beta of 1.63. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. Vertiv Holdings Co has a one year low of $48.86 and a one year high of $145.67.

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

Vertiv Increases Dividend

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

About Vertiv

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.