Vertiv Holdings Co (NYSE:VRT) Shares Bought by Diversified Trust Co

Diversified Trust Co lifted its holdings in Vertiv Holdings Co (NYSE:VRT) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,688 shares of the company’s stock after buying an additional 123 shares during the period. Diversified Trust Co’s holdings in Vertiv were worth $3,714,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in Vertiv by 6.1% in the 2nd quarter. Principal Financial Group Inc. now owns 31,208 shares of the company’s stock valued at $2,702,000 after buying an additional 1,789 shares in the last quarter. TD Asset Management Inc grew its holdings in shares of Vertiv by 2.2% in the second quarter. TD Asset Management Inc now owns 57,812 shares of the company’s stock valued at $5,005,000 after purchasing an additional 1,222 shares during the period. Private Advisor Group LLC increased its position in Vertiv by 24.1% during the second quarter. Private Advisor Group LLC now owns 36,866 shares of the company’s stock worth $3,191,000 after purchasing an additional 7,163 shares during the last quarter. Acadian Asset Management LLC raised its stake in Vertiv by 166.5% during the second quarter. Acadian Asset Management LLC now owns 10,677 shares of the company’s stock worth $922,000 after purchasing an additional 6,670 shares during the period. Finally, Varma Mutual Pension Insurance Co purchased a new position in Vertiv during the second quarter worth about $3,030,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Trading Down 2.7 %

Shares of VRT stock opened at $130.45 on Wednesday. Vertiv Holdings Co has a fifty-two week low of $46.62 and a fifty-two week high of $145.67. The company has a 50 day moving average price of $123.56 and a 200 day moving average price of $101.34. The stock has a market capitalization of $48.96 billion, a P/E ratio of 86.97, a price-to-earnings-growth ratio of 1.29 and a beta of 1.63. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38.

Vertiv (NYSE:VRT) last posted its quarterly earnings data 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. The business 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 revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 earnings per share. Equities research analysts predict that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

The company also recently disclosed 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. This is a boost from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a dividend yield of 0.11%. The ex-dividend date was Tuesday, December 3rd. Vertiv’s payout ratio is 6.67%.

Insider Buying and Selling

In other news, EVP Stephen Liang sold 86,619 shares of the 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 transaction, 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 SEC, which can be accessed through this link. Also, Director Jan Van Dokkum sold 38,647 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $136.39, for a total value of $5,271,064.33. Following the sale, the director now owns 25,000 shares of the company’s stock, valued at approximately $3,409,750. The trade was a 60.72 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 171,527 shares of company stock worth $23,105,682. Corporate insiders own 5.01% of the company’s stock.

Wall Street Analysts Forecast Growth

VRT has been the subject of a number of recent analyst reports. Barclays started coverage on shares of Vertiv in a report on Thursday, December 12th. They set an “equal weight” rating and a $142.00 price target for the company. Oppenheimer raised their target price on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Bank of America upped their price target on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Mizuho raised their price objective on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. upped their target price on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research report on Tuesday, November 19th. Two 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, the company presently has an average rating of “Moderate Buy” and an average price target of $140.92.

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.