CIBC Private Wealth Group LLC Increases Holdings in Vertiv Holdings Co (NYSE:VRT)

CIBC Private Wealth Group LLC increased its stake in shares of Vertiv Holdings Co (NYSE:VRTFree Report) by 186.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 71,207 shares of the company’s stock after buying an additional 46,384 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Vertiv were worth $3,420,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC raised its position in Vertiv by 182.4% in the third quarter. FMR LLC now owns 47,236,496 shares of the company’s stock valued at $1,757,198,000 after purchasing an additional 30,511,907 shares during the period. Norges Bank purchased a new stake in Vertiv in the fourth quarter valued at $185,339,000. Vanguard Group Inc. raised its position 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 purchasing an additional 3,417,710 shares during the period. Qube Research & Technologies Ltd raised its position in Vertiv by 1,032.5% in the third quarter. Qube Research & Technologies Ltd now owns 2,258,888 shares of the company’s stock valued at $84,031,000 after purchasing an additional 2,059,431 shares during the period. Finally, Eagle Asset Management Inc. purchased a new stake in Vertiv in the third quarter valued at $69,482,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on VRT. Citigroup lifted their target price on Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Bank of America boosted their price objective on Vertiv from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. Mizuho boosted their price objective on Vertiv from $56.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, April 26th. Oppenheimer boosted their price objective on Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Finally, Evercore ISI boosted their price objective on Vertiv from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $91.00.

Get Our Latest Report on Vertiv

Vertiv Trading Down 0.4 %

VRT opened at $87.68 on Friday. Vertiv Holdings Co has a 12 month low of $20.06 and a 12 month high of $109.27. The stock has a market capitalization of $32.82 billion, a price-to-earnings ratio of 84.31, a PEG ratio of 1.41 and a beta of 1.56. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.34 and a quick ratio of 0.98. The business has a fifty day moving average price of $91.54 and a 200 day moving average price of $69.39.

Vertiv (NYSE:VRTGet Free Report) last released 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 44.95% and a net margin of 5.79%. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the previous year, the firm posted $0.24 EPS. Vertiv’s revenue for the quarter was up 7.8% on a year-over-year basis. Sell-side analysts expect that Vertiv Holdings Co will post 2.42 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Monday, June 17th will be given a dividend of $0.025 per share. The ex-dividend date is Monday, June 17th. This represents a $0.10 annualized dividend and a dividend yield of 0.11%. Vertiv’s dividend payout ratio is currently 9.62%.

Insider Transactions at Vertiv

In other news, insider Yibin Edward Cui sold 668 shares of the company’s stock in a transaction dated Saturday, May 4th. The stock was sold at an average price of $94.39, for a total transaction of $63,052.52. Following the completion of the transaction, the insider now directly owns 19,452 shares of the company’s stock, valued at approximately $1,836,074.28. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Anders Karlborg sold 46,206 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $93.75, for a total transaction of $4,331,812.50. Following the completion of the transaction, the executive vice president now directly owns 23,003 shares of the company’s stock, valued at approximately $2,156,531.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Yibin Edward Cui sold 668 shares of the company’s stock in a transaction dated Saturday, May 4th. The shares were sold at an average price of $94.39, for a total value of $63,052.52. Following the completion of the sale, the insider now directly owns 19,452 shares of the company’s stock, valued at $1,836,074.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,162,739 shares of company stock valued at $400,713,362. 5.01% of the stock is currently owned by corporate insiders.

Vertiv Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Vertiv (NYSE:VRT)

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