Barclays PLC Buys 146,463 Shares of Vertiv Holdings Co (NYSE:VRT)

Barclays PLC increased its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 51.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 431,586 shares of the company’s stock after acquiring an additional 146,463 shares during the quarter. Barclays PLC’s holdings in Vertiv were worth $42,940,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Sequoia Financial Advisors LLC bought a new position in shares of Vertiv during the 2nd quarter worth about $375,000. Envestnet Portfolio Solutions Inc. boosted its holdings in Vertiv by 140.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 45,316 shares of the company’s stock worth $3,923,000 after acquiring an additional 26,491 shares in the last quarter. Swedbank AB grew its stake in Vertiv by 247.5% in the second quarter. Swedbank AB now owns 674,493 shares of the company’s stock valued at $58,391,000 after acquiring an additional 480,394 shares during the period. Silver Lake Advisory LLC bought a new stake in shares of Vertiv during the second quarter valued at approximately $253,000. Finally, Valley National Advisers Inc. raised its position in shares of Vertiv by 1,197.8% during the second quarter. Valley National Advisers Inc. now owns 584 shares of the company’s stock worth $50,000 after purchasing an additional 539 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. TD Cowen boosted their price target on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. boosted their target price on shares of Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. UBS Group assumed coverage on shares of Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price on the stock. Citigroup lifted their price target on Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Monday. Finally, Barclays began coverage on Vertiv in a research note on Thursday. They issued an “equal weight” rating and a $142.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.09.

Vertiv Stock Performance

VRT stock opened at $125.07 on Friday. 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 firm has a market cap of $46.94 billion, a PE ratio of 83.38, a P/E/G ratio of 1.38 and a beta of 1.61. The business has a 50 day moving average of $120.03 and a 200-day moving average of $98.07. Vertiv Holdings Co has a 12-month low of $44.31 and a 12-month high of $145.67.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 EPS. As a group, sell-side analysts expect that Vertiv Holdings Co will post 2.69 earnings per share for the current year.

Vertiv Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be given a $0.0375 dividend. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.15 annualized dividend and a yield of 0.12%. Vertiv’s payout ratio is currently 6.67%.

Insider Buying and Selling at Vertiv

In other news, insider Anand Sanghi sold 30,914 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the transaction, the insider now owns 19,448 shares of the company’s stock, valued at $2,751,114.08. This represents a 61.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at approximately $2,562,549.57. This trade represents a 81.59 % 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. 5.01% of the stock is currently owned by insiders.

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.