Vertiv Holdings Co (NYSE:VRT) Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd lifted its holdings in Vertiv Holdings Co (NYSE:VRT) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,074 shares of the company’s stock after purchasing an additional 1,250 shares during the period. IFM Investors Pty Ltd’s holdings in Vertiv were worth $7,569,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Clearbridge Investments LLC grew its position 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 buying an additional 340,639 shares during the last quarter. Whittier Trust Co. boosted its stake in shares of Vertiv by 7.2% during the 3rd 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 grew its holdings in shares of Vertiv by 180.8% in the 3rd 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 during the last quarter. Swiss National Bank raised its position in shares of Vertiv by 1.3% during the first quarter. Swiss National Bank now owns 1,085,200 shares of the company’s stock worth $88,628,000 after purchasing an additional 14,100 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in shares of Vertiv by 1,019.3% during the first quarter. Acadian Asset Management LLC now owns 4,007 shares of the company’s stock valued at $326,000 after purchasing an additional 3,649 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 10,542 shares in the company, valued at approximately $843,254.58. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.01% of the company’s stock.

Wall Street Analyst Weigh In

VRT has been the topic of several recent analyst reports. Citigroup boosted their price objective on Vertiv from $130.00 to $134.00 and gave the stock a “buy” rating in a report on Thursday. Jefferies Financial Group started coverage on shares of Vertiv in a report on Monday, October 7th. They set a “buy” rating and a $125.00 price target on the stock. The Goldman Sachs Group decreased their price objective on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Mizuho increased their target price on Vertiv from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Evercore ISI raised their target price on Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $122.11.

Vertiv Stock Performance

Shares of NYSE VRT opened at $112.14 on Friday. The company has a market capitalization of $41.98 billion, a P/E ratio of 107.83, a price-to-earnings-growth ratio of 1.42 and a beta of 1.59. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 1.00. Vertiv Holdings Co has a one year low of $34.60 and a one year high of $116.41. The business’s 50-day moving average price is $92.92 and its two-hundred day moving average price is $89.97.

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

Vertiv Announces Dividend

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