Dimensional Fund Advisors LP Purchases 355,059 Shares of Vertiv Holdings Co (NYSE:VRT)

Dimensional Fund Advisors LP raised its position in shares of Vertiv Holdings Co (NYSE:VRT) by 16.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,473,204 shares of the company’s stock after purchasing an additional 355,059 shares during the period. Dimensional Fund Advisors LP owned about 0.66% of Vertiv worth $214,112,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Quadrant Capital Group LLC raised its holdings in shares of Vertiv by 24.7% in the fourth quarter. Quadrant Capital Group LLC now owns 857 shares of the company’s stock valued at $41,000 after acquiring an additional 170 shares in the last quarter. Norges Bank purchased a new stake in shares of Vertiv in the 4th quarter worth approximately $185,339,000. PNC Financial Services Group Inc. boosted its stake in shares of Vertiv by 296.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,205 shares of the company’s stock valued at $634,000 after purchasing an additional 9,870 shares in the last quarter. Franklin Resources Inc. purchased a new position in Vertiv during the fourth quarter valued at approximately $1,406,000. Finally, Aigen Investment Management LP bought a new position in Vertiv in the fourth quarter worth approximately $454,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Trading Up 0.4 %

NYSE VRT opened at $87.66 on Thursday. The company has a fifty day simple moving average of $79.41 and a two-hundred day simple moving average of $85.04. Vertiv Holdings Co has a 12-month low of $34.60 and a 12-month high of $109.27. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.90. The stock has a market cap of $32.82 billion, a P/E ratio of 84.29, a P/E/G ratio of 1.08 and a beta of 1.58.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.10. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the company earned $0.46 EPS. Vertiv’s quarterly revenue was up 12.6% on a year-over-year basis. On average, analysts forecast that Vertiv Holdings Co will post 2.58 earnings per share for the current year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Tuesday, September 17th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.11%. The ex-dividend date is Tuesday, September 17th. Vertiv’s dividend payout ratio is currently 9.62%.

Insider Buying and Selling at Vertiv

In related news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total value of $3,593,470.76. Following the completion of the transaction, the insider now directly owns 10,542 shares in the company, valued at approximately $843,254.58. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.01% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VRT. TD Cowen increased their target price on Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Mizuho raised Vertiv from a “neutral” rating to an “outperform” rating and dropped their price objective for the company from $95.00 to $92.00 in a research report on Wednesday, August 7th. The Goldman Sachs Group reduced their target price on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Finally, Evercore ISI restated an “outperform” rating and issued a $105.00 target price on shares of Vertiv in a research note on Thursday, August 15th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, Vertiv has a consensus rating of “Buy” and an average price target of $102.13.

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.