TD Asset Management Inc Buys New Position in Vertiv Holdings Co (NYSE:VRT)

TD Asset Management Inc purchased a new position in shares of Vertiv Holdings Co (NYSE:VRTFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 53,271 shares of the company’s stock, valued at approximately $2,559,000.

Other institutional investors also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC acquired a new stake in Vertiv in the fourth quarter worth approximately $973,000. Freemont Management S.A. acquired a new stake in shares of Vertiv in the fourth quarter valued at $7,925,000. Hsbc Holdings PLC grew its holdings in Vertiv by 101.7% during the fourth quarter. Hsbc Holdings PLC now owns 202,219 shares of the company’s stock worth $9,744,000 after acquiring an additional 101,955 shares during the period. Intech Investment Management LLC raised its position in Vertiv by 396.4% in the fourth quarter. Intech Investment Management LLC now owns 97,601 shares of the company’s stock worth $4,688,000 after acquiring an additional 77,941 shares in the last quarter. Finally, Westfield Capital Management Co. LP lifted its holdings in Vertiv by 46.9% in the 4th quarter. Westfield Capital Management Co. LP now owns 1,835,806 shares of the company’s stock valued at $88,174,000 after acquiring an additional 586,272 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Vertiv

In other news, Director Doherty Philip O’ sold 2,511,295 shares of Vertiv stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $93.64, for a total transaction of $235,157,663.80. Following the completion of the sale, the director now directly owns 9,324,181 shares in the company, valued at approximately $873,116,308.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Doherty Philip O’ sold 2,511,295 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $93.64, for a total transaction of $235,157,663.80. Following the transaction, the director now owns 9,324,181 shares in the company, valued at approximately $873,116,308.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Roger Fradin sold 16,667 shares of Vertiv stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $103.86, for a total transaction of $1,731,034.62. Following the completion of the sale, the director now directly owns 218,333 shares of the company’s stock, valued at approximately $22,676,065.38. The disclosure for this sale can be found here. Insiders have sold 4,162,739 shares of company stock worth $400,713,362 over the last 90 days. 5.01% of the stock is currently owned by corporate insiders.

Vertiv Trading Down 0.4 %

Shares of NYSE VRT opened at $87.68 on Friday. The firm has a market capitalization of $32.82 billion, a PE ratio of 84.31, a PEG ratio of 1.41 and a beta of 1.56. Vertiv Holdings Co has a one year low of $20.06 and a one year high of $109.27. The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 2.09. The business has a 50-day moving average price of $91.54 and a two-hundred day moving average price of $69.39.

Vertiv (NYSE:VRTGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. The firm 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 firm posted $0.24 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. As a group, analysts predict that Vertiv Holdings Co will post 2.42 earnings per share for the current fiscal year.

Vertiv Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on VRT shares. Bank of America boosted their target price on shares of Vertiv from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. Evercore ISI increased their price objective on Vertiv from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Mizuho raised their price objective on Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. Citigroup boosted their target price on Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Finally, Oppenheimer increased their price target on Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a research 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $91.00.

View Our Latest Stock Report on Vertiv

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.

Recommended Stories

Institutional Ownership by Quarter for Vertiv (NYSE:VRT)

Receive News & Ratings for Vertiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vertiv and related companies with MarketBeat.com's FREE daily email newsletter.