300 Shares in Vertiv Holdings Co (NYSE:VRT) Bought by Global Trust Asset Management LLC

Global Trust Asset Management LLC purchased a new position in Vertiv Holdings Co (NYSE:VRT) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 300 shares of the company’s stock, valued at approximately $30,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clearbridge Investments LLC grew its stake in Vertiv by 15.4% in the second quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company’s stock worth $221,013,000 after purchasing an additional 340,639 shares during the period. Whittier Trust Co. boosted its holdings in Vertiv by 7.2% in the third quarter. Whittier Trust Co. now owns 127,210 shares of the company’s stock worth $12,656,000 after acquiring an additional 8,579 shares in the last quarter. Generate Investment Management Ltd boosted its holdings in Vertiv by 180.8% in the third quarter. Generate Investment Management Ltd now owns 598,372 shares of the company’s stock worth $59,532,000 after acquiring an additional 385,251 shares in the last quarter. Swiss National Bank boosted its holdings in Vertiv by 1.3% in the first quarter. Swiss National Bank now owns 1,085,200 shares of the company’s stock worth $88,628,000 after acquiring an additional 14,100 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in Vertiv by 1,019.3% in the first quarter. Acadian Asset Management LLC now owns 4,007 shares of the company’s stock worth $326,000 after acquiring an additional 3,649 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on VRT shares. Jefferies Financial Group started coverage on Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 target price on the stock. TD Cowen upped their price target on Vertiv from $93.00 to $115.00 and gave the company a “buy” rating in a report on Thursday. Oppenheimer increased their target price on Vertiv from $115.00 to $121.00 and gave the company an “outperform” rating in a report on Thursday. Bank of America increased their target price on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday. Finally, Citigroup increased their target price on Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a report on Thursday. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $122.11.

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the completion of the transaction, the insider now owns 10,542 shares in the company, valued at $843,254.58. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 5.01% of the stock is currently owned by company insiders.

Vertiv Stock Performance

Shares of VRT opened at $112.14 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 1.90. The business has a 50-day simple moving average of $92.92 and a two-hundred day simple moving average of $89.97. The stock has a market cap of $41.98 billion, a price-to-earnings ratio of 107.83, a PEG ratio of 1.42 and a beta of 1.59. Vertiv Holdings Co has a 52 week low of $34.60 and a 52 week high of $116.41.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.07. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter last year, the business posted $0.52 earnings per share. The firm’s revenue was up 19.0% on a year-over-year basis. On average, analysts expect that Vertiv Holdings Co will post 2.58 EPS for the current year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.09%. The ex-dividend date was Tuesday, September 17th. Vertiv’s dividend payout ratio is currently 9.62%.

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.