abrdn plc Purchases 27,087 Shares of Vertiv Holdings Co (NYSE:VRT)

abrdn plc boosted its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 56.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 75,424 shares of the company’s stock after purchasing an additional 27,087 shares during the quarter. abrdn plc’s holdings in Vertiv were worth $3,623,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. First Horizon Advisors Inc. increased its position in Vertiv by 161.7% during the third quarter. First Horizon Advisors Inc. now owns 662 shares of the company’s stock worth $25,000 after acquiring an additional 409 shares during the period. Clearstead Advisors LLC bought a new position in shares of Vertiv during the 3rd quarter worth about $38,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Vertiv during the fourth quarter valued at about $38,000. TFC Financial Management Inc. bought a new stake in shares of Vertiv in the fourth quarter valued at about $42,000. Finally, Huntington National Bank grew its position in Vertiv by 299.1% during the third quarter. Huntington National Bank now owns 1,329 shares of the company’s stock worth $49,000 after buying an additional 996 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

Vertiv Price Performance

NYSE:VRT opened at $93.49 on Monday. The firm has a market cap of $35.71 billion, a PE ratio of 89.89, a price-to-earnings-growth ratio of 1.49 and a beta of 1.59. The company’s 50-day moving average price is $76.51 and its two-hundred day moving average price is $57.70. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 1.45. Vertiv Holdings Co has a 12 month low of $13.73 and a 12 month high of $95.32.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the previous year, the business earned $0.24 EPS. Vertiv’s revenue was up 7.8% compared to the same quarter last year. On average, equities analysts anticipate that Vertiv Holdings Co will post 2.38 EPS for the current fiscal year.

Vertiv Announces Dividend

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

Insider Activity at Vertiv

In other Vertiv news, CAO Scott Cripps sold 56,594 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CAO Scott Cripps sold 56,594 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Stephen Liang sold 306,196 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were 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 disclosure for this sale can be found here. 5.62% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

VRT has been the subject of several recent research reports. Mizuho upped their price target on Vertiv from $56.00 to $95.00 and gave the company a “neutral” rating in a report on Friday. Oppenheimer raised their target price on Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a research report on Thursday. Bank of America lifted their price target on shares of Vertiv from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Evercore ISI raised their price objective on shares of Vertiv from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $81.11.

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.