Vertiv Holdings Co (NYSE:VRT) Shares Bought by Truist Financial Corp

Truist Financial Corp grew its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 94.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,752 shares of the company’s stock after buying an additional 35,286 shares during the quarter. Truist Financial Corp’s holdings in Vertiv were worth $3,494,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in VRT. FMR LLC grew its holdings in Vertiv by 182.4% during the 3rd quarter. FMR LLC now owns 47,236,496 shares of the company’s stock worth $1,757,198,000 after acquiring an additional 30,511,907 shares in the last quarter. Vanguard Group Inc. increased its holdings in Vertiv by 12.1% in the third quarter. Vanguard Group Inc. now owns 31,628,757 shares of the company’s stock valued at $1,176,590,000 after buying an additional 3,417,710 shares during the last quarter. Invesco Ltd. raised its stake in Vertiv by 10.2% during the third quarter. Invesco Ltd. now owns 10,817,978 shares of the company’s stock valued at $402,429,000 after buying an additional 1,002,191 shares in the last quarter. Electron Capital Partners LLC lifted its holdings in Vertiv by 31.6% during the 3rd quarter. Electron Capital Partners LLC now owns 2,712,946 shares of the company’s stock worth $100,922,000 after buying an additional 652,099 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in shares of Vertiv by 1,032.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 2,258,888 shares of the company’s stock valued at $84,031,000 after acquiring an additional 2,059,431 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Citigroup raised their price objective on Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. lifted their price target on shares of Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Mizuho increased their price objective on shares of Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. Bank of America lifted their target price on Vertiv from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Finally, Oppenheimer increased their price target on Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $81.11.

Insider Activity at Vertiv

In other Vertiv news, EVP Stephen Liang sold 306,196 shares of the stock in a transaction on 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 transaction, 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 SEC, which is accessible through the SEC website. In other Vertiv news, Director Doherty Philip O’ sold 2,511,295 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $93.64, for a total value of $235,157,663.80. Following the sale, the director now directly owns 9,324,181 shares in the company, valued at $873,116,308.84. 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 dated 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 transaction, the executive vice president now 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. Insiders have sold 3,362,790 shares of company stock worth $306,451,347 over the last quarter. 5.62% of the stock is currently owned by company insiders.

Vertiv Stock Performance

Shares of NYSE VRT opened at $97.26 on Tuesday. Vertiv Holdings Co has a 12-month low of $14.68 and a 12-month high of $97.28. The company has a market cap of $36.41 billion, a PE ratio of 93.52, a P/E/G ratio of 1.41 and a beta of 1.55. The stock has a 50 day simple moving average of $80.18 and a 200-day simple moving average of $59.96. The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 2.09.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. Vertiv had a return on equity of 44.95% and a net margin of 5.79%. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the prior year, the business posted $0.24 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities research analysts forecast that Vertiv Holdings Co will post 2.42 EPS for the current year.

Vertiv Announces Dividend

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