DekaBank Deutsche Girozentrale Lowers Position in Vertiv Holdings Co (NYSE:VRT)

DekaBank Deutsche Girozentrale lowered its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 8.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 644,854 shares of the company’s stock after selling 60,123 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Vertiv were worth $61,091,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Krane Funds Advisors LLC purchased a new position in Vertiv during the third quarter worth about $29,000. Anchor Investment Management LLC purchased a new position in shares of Vertiv in the 2nd quarter worth approximately $26,000. Global Trust Asset Management LLC bought a new position in shares of Vertiv in the third quarter valued at approximately $30,000. Mather Group LLC. increased its position in shares of Vertiv by 132.5% during the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after acquiring an additional 200 shares during the last quarter. Finally, ORG Wealth Partners LLC bought a new stake in Vertiv during the third quarter worth $36,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Stock Up 1.9 %

VRT stock opened at $112.17 on Monday. Vertiv Holdings Co has a twelve month low of $34.60 and a twelve month high of $116.41. The firm has a market capitalization of $42.08 billion, a PE ratio of 87.63, a PEG ratio of 1.47 and a beta of 1.59. 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 stock has a 50-day simple moving average of $93.57 and a two-hundred day simple moving average of $90.26.

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

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were paid a $0.025 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.10 annualized dividend and a dividend yield of 0.09%. Vertiv’s payout ratio is 7.81%.

Insider Activity

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total value of $3,593,470.76. Following the sale, the insider now directly owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 5.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on VRT shares. TD Cowen upped their price objective on Vertiv from $93.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday. Oppenheimer lifted their price objective on shares of Vertiv from $115.00 to $121.00 and gave the stock an “outperform” rating in a research report on Thursday. The Goldman Sachs Group decreased their price target 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. Citigroup upped their price objective on Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Jefferies Financial Group began coverage on Vertiv in a research note on Monday, October 7th. They issued a “buy” rating and a $125.00 target price on the stock. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $122.11.

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.