Vertiv Holdings Co (NYSE:VRT) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its holdings in Vertiv Holdings Co (NYSE:VRT) by 22.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,900 shares of the company’s stock after buying an additional 13,200 shares during the quarter. Handelsbanken Fonder AB’s holdings in Vertiv were worth $3,501,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. CWM LLC boosted its position in Vertiv by 64.1% in the 4th quarter. CWM LLC now owns 6,941 shares of the company’s stock worth $333,000 after purchasing an additional 2,710 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in Vertiv in the 4th quarter worth approximately $1,436,000. abrdn plc boosted its position in Vertiv by 56.0% in the 4th quarter. abrdn plc now owns 75,424 shares of the company’s stock worth $3,623,000 after purchasing an additional 27,087 shares in the last quarter. Geneva Partners LLC purchased a new stake in Vertiv in the 4th quarter worth approximately $975,000. Finally, Xponance Inc. boosted its position in Vertiv by 2.9% in the 4th quarter. Xponance Inc. now owns 14,984 shares of the company’s stock worth $720,000 after purchasing an additional 426 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insiders Place Their Bets

In other Vertiv news, EVP Stephen Liang sold 306,196 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $70.24, for a total value of $21,507,207.04. Following the completion of the sale, the executive vice president now directly owns 51,841 shares of the company’s stock, valued at approximately $3,641,311.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Stephen Liang sold 306,196 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the completion of the sale, the executive vice president now directly owns 51,841 shares of the company’s stock, valued at approximately $3,641,311.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Scott Cripps sold 56,594 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $70.76, for a total value of $4,004,591.44. The disclosure for this sale can be found here. Corporate insiders own 5.62% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Oppenheimer increased their target price on Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a research report on Thursday. Evercore ISI increased their target price on Vertiv from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. increased their target price on Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday. Citigroup increased their target price on Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Bank of America increased their target price on Vertiv from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, March 18th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $81.11.

Vertiv Trading Up 3.5 %

Shares of VRT stock opened at $93.49 on Friday. The stock’s fifty day moving average is $76.51 and its two-hundred day moving average is $57.47. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.35 and a current ratio of 1.74. The firm has a market capitalization of $35.71 billion, a P/E ratio of 89.89, a PEG ratio of 1.37 and a beta of 1.59. Vertiv Holdings Co has a fifty-two week low of $13.73 and a fifty-two week high of $95.32.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Vertiv had a return on equity of 42.43% and a net margin of 5.79%. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period last year, the company earned $0.24 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Research analysts expect that Vertiv Holdings Co will post 2.31 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date was Monday, March 18th. Vertiv’s dividend payout ratio (DPR) is presently 9.62%.

Vertiv 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.