B. Metzler seel. Sohn & Co. Holding AG Purchases New Stake in Vertiv Holdings Co (NYSE:VRT)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Vertiv Holdings Co (NYSE:VRT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,735 shares of the company’s stock, valued at approximately $869,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Banque Cantonale Vaudoise raised its holdings in shares of Vertiv by 38.3% during the 3rd quarter. Banque Cantonale Vaudoise now owns 29,503 shares of the company’s stock worth $2,935,000 after acquiring an additional 8,168 shares during the period. Wrapmanager Inc. purchased a new position in Vertiv during the third quarter worth about $232,000. Meeder Asset Management Inc. grew its stake in shares of Vertiv by 1,441.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 42,354 shares of the company’s stock valued at $4,214,000 after buying an additional 39,607 shares during the period. Caprock Group LLC purchased a new stake in shares of Vertiv in the 3rd quarter valued at approximately $409,000. Finally, GLOBALT Investments LLC GA increased its holdings in shares of Vertiv by 3.0% during the 3rd quarter. GLOBALT Investments LLC GA now owns 6,341 shares of the company’s stock worth $631,000 after buying an additional 184 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

VRT has been the subject of several recent analyst reports. UBS Group started coverage on Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price for the company. The Goldman Sachs Group raised their price objective on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. TD Cowen upped their target price on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. lifted their price target 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. Finally, Jefferies Financial Group initiated coverage on shares of Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 price objective on the stock. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, Vertiv presently has an average rating of “Buy” and a consensus target price of $138.50.

Insider Buying and Selling

In other Vertiv news, Director Jakki L. Haussler sold 15,347 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total value of $2,108,370.86. Following the sale, the director now directly owns 3,425 shares of the company’s stock, valued at approximately $470,526.50. This represents a 81.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, 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 transaction of $3,593,470.76. Following the transaction, the insider now owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. The trade was a 80.99 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 91,185 shares of company stock worth $10,074,936. Company insiders own 5.01% of the company’s stock.

Vertiv Price Performance

Vertiv stock opened at $140.15 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. Vertiv Holdings Co has a 52-week low of $41.01 and a 52-week high of $145.67. The firm has a market cap of $52.60 billion, a PE ratio of 93.43, a price-to-earnings-growth ratio of 1.45 and a beta of 1.58. The company’s 50 day moving average is $110.94 and its two-hundred day moving average is $95.20.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period last year, the firm earned $0.52 earnings per share. The company’s revenue for the quarter was up 19.0% compared to the same quarter last year. On average, research analysts expect that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.0375 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This is an increase from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. Vertiv’s payout ratio is currently 6.67%.

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.