7,948 Shares in Vertiv Holdings Co. $VRT Bought by Danica Pension Livsforsikringsaktieselskab

Danica Pension Livsforsikringsaktieselskab purchased a new position in shares of Vertiv Holdings Co. (NYSE:VRT) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 7,948 shares of the company’s stock, valued at approximately $1,918,000.

Several other large investors have also recently added to or reduced their stakes in VRT. Cornerstone Planning Group LLC lifted its holdings in shares of Vertiv by 60.5% during the first quarter. Cornerstone Planning Group LLC now owns 130 shares of the company’s stock worth $33,000 after buying an additional 49 shares in the last quarter. Burkett Financial Services LLC acquired a new position in shares of Vertiv in the third quarter valued at about $35,000. GoalVest Advisory LLC increased its position in Vertiv by 87.3% during the second quarter. GoalVest Advisory LLC now owns 148 shares of the company’s stock worth $50,000 after acquiring an additional 69 shares during the period. Ravenstone Capital Management Inc. bought a new position in Vertiv during the first quarter worth about $40,000. Finally, Bartlett & CO. Wealth Management LLC bought a new position in Vertiv during the first quarter worth about $41,000. Institutional investors own 89.92% of the company’s stock.

Top Vertiv Stories

Here are a few of the latest stories about VRT:

• Positive Sentiment: The company launched the PowerStation 3100 RPP, a power-distribution panel designed for AI and high-performance-computing racks above 100 kW. It supports 600–1,200 amps on one platform and is available in North America, giving Vertiv another product aimed at data-center demand. Vertiv introduces high-density remote power panel
• Neutral Sentiment: A report says Vertiv could provide cooling equipment for SpaceX data centers. This is a potential opportunity, not a confirmed contract, so any revenue impact remains uncertain. SpaceX spending and power and cooling suppliers
• Negative Sentiment: Recent bearish commentary highlights Vertiv’s weak chart and suggests waiting for a substantially lower entry price. That reflects investor concern about the stock’s near-term momentum, despite the company’s product announcements and growth prospects. Vertiv: Good quarter, crushed chart

Insiders Place Their Bets

In other Vertiv news, Director Edward Monser sold 15,287 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $253.82, for a total value of $3,880,146.34. Following the sale, the director owned 16,500 shares of the company’s stock, valued at approximately $4,188,030. This trade represents a 48.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is owned by insiders.

Vertiv Price Performance

VRT stock traded down $8.04 during mid-day trading on Friday, hitting $201.60. The stock had a trading volume of 5,398,707 shares, compared to its average volume of 8,575,370. The firm has a fifty day simple moving average of $231.31 and a 200 day simple moving average of $270.23. The firm has a market capitalization of $77.63 billion, a P/E ratio of 37.68, a P/E/G ratio of 0.67 and a beta of 2.11. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 0.53. Vertiv Holdings Co. has a 52 week low of $147.82 and a 52 week high of $379.93.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.39. The company had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $3.75 billion. Vertiv had a net margin of 15.99% and a return on equity of 53.31%. The firm’s quarterly revenue was up 61.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.24 EPS. As a group, research analysts forecast that Vertiv Holdings Co. will post 7.17 EPS for the current year.

Vertiv Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Tuesday, November 24th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, November 24th. This is a boost from Vertiv’s previous quarterly dividend of $0.0625. This represents a $0.40 annualized dividend and a yield of 0.2%. Vertiv’s dividend payout ratio is currently 4.67%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Royal Bank Of Canada lifted their price objective on shares of Vertiv from $323.00 to $351.00 and gave the stock an “outperform” rating in a research note on Thursday, October 29th. Loop Capital lowered their target price on shares of Vertiv from $500.00 to $400.00 and set a “buy” rating on the stock in a report on Friday, July 31st. BNP Paribas Exane cut their price target on Vertiv from $380.00 to $365.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Wall Street Zen upgraded Vertiv from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 8th. Finally, Bank of America dropped their price objective on Vertiv from $440.00 to $375.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $333.70.

About Vertiv

Vertiv Holdings Co. (NYSE: VRT) designs, manufactures and services critical digital infrastructure used by data centers, communications networks and commercial and industrial facilities. Its offerings help customers maintain reliable power, cooling and operating conditions for technology systems. The company’s products and solutions include uninterruptible power supplies, power distribution equipment, thermal management systems, racks, integrated modular infrastructure, and monitoring and control software.