MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Decreases Stock Position in Vertiv Holdings Co (NYSE:VRT)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH trimmed its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 36.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 105,835 shares of the company’s stock after selling 60,488 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Vertiv were worth $12,294,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Anchor Investment Management LLC purchased a new stake in shares of Vertiv during the second quarter valued at $26,000. Krane Funds Advisors LLC purchased a new position in Vertiv in the 3rd quarter worth about $29,000. Global Trust Asset Management LLC bought a new position in Vertiv during the 3rd quarter valued at about $30,000. Mark Sheptoff Financial Planning LLC boosted its holdings in shares of Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Vertiv in the third quarter worth approximately $30,000. Institutional investors own 89.92% of the company’s stock.

Vertiv Stock Up 3.3 %

VRT stock opened at $153.47 on Friday. The business’s 50-day moving average price is $127.76 and its 200-day moving average price is $104.99. The stock has a market cap of $57.60 billion, a P/E ratio of 102.31, a PEG ratio of 1.16 and a beta of 1.63. Vertiv Holdings Co has a twelve month low of $52.40 and a twelve month high of $155.26. 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 (NYSE:VRT) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The company’s revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 earnings per share. On average, equities research analysts forecast that Vertiv Holdings Co will post 2.7 EPS for the current year.

Vertiv Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were issued a $0.0375 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.15 annualized dividend and a yield of 0.10%. This is an increase from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio is currently 6.67%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Morgan Stanley started coverage on shares of Vertiv in a research report on Monday, January 6th. They set an “overweight” rating and a $150.00 price objective on the stock. The Goldman Sachs Group increased their price target on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Jefferies Financial Group initiated coverage on Vertiv in a research note on Monday, October 7th. They issued a “buy” rating and a $125.00 price target on the stock. Mizuho upped their price objective on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Finally, Barclays started coverage on Vertiv in a report on Thursday, December 12th. They issued an “equal weight” rating and a $142.00 target price on the stock. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $141.75.

Insiders Place Their Bets

In related news, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the sale, the insider now owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. This trade represents a 61.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 19,551 shares of the company’s stock, valued at $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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.

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.