denkapparat Operations GmbH bought a new stake in Vertiv Holdings Co. (NYSE:VRT – Free Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 1,634 shares of the company’s stock, valued at approximately $210,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Vertiv by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 37,715,159 shares of the company’s stock valued at $2,723,034,000 after purchasing an additional 1,359,070 shares during the period. Amundi grew its position in Vertiv by 96.8% during the first quarter. Amundi now owns 6,951,773 shares of the company’s stock valued at $469,490,000 after buying an additional 3,420,144 shares during the period. Fred Alger Management LLC increased its holdings in Vertiv by 19.6% during the first quarter. Fred Alger Management LLC now owns 3,496,060 shares of the company’s stock worth $252,416,000 after buying an additional 572,545 shares during the last quarter. Nordea Investment Management AB increased its holdings in Vertiv by 100.1% during the second quarter. Nordea Investment Management AB now owns 3,246,769 shares of the company’s stock worth $415,132,000 after buying an additional 1,624,456 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Vertiv by 6.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,839,864 shares of the company’s stock worth $205,085,000 after acquiring an additional 182,937 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.
Vertiv Trading Down 3.2%
Shares of VRT stock opened at $173.28 on Thursday. The stock has a market capitalization of $66.25 billion, a price-to-earnings ratio of 65.39, a PEG ratio of 1.45 and a beta of 1.87. The company’s fifty day simple moving average is $162.65 and its two-hundred day simple moving average is $134.81. Vertiv Holdings Co. has a 1 year low of $53.60 and a 1 year high of $202.45. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.83 and a quick ratio of 1.43.
Vertiv Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Monday, September 15th were issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, September 15th. Vertiv’s dividend payout ratio is presently 5.66%.
Insider Activity
In other Vertiv news, insider Paul Ryan sold 22,218 shares of the firm’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $127.34, for a total value of $2,829,240.12. Following the completion of the transaction, the insider directly owned 12,803 shares of the company’s stock, valued at $1,630,334.02. This trade represents a 63.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jakki L. Haussler sold 15,680 shares of the business’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $123.92, for a total transaction of $1,943,065.60. Following the transaction, the director owned 4,631 shares of the company’s stock, valued at $573,873.52. This trade represents a 77.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 139,298 shares of company stock worth $17,770,188. 2.63% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the stock. Zacks Research raised shares of Vertiv from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. TD Cowen increased their price objective on Vertiv from $162.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. raised their target price on Vertiv from $150.00 to $206.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Morgan Stanley upped their price target on Vertiv from $165.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Finally, Mizuho increased their price target on Vertiv from $165.00 to $198.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Vertiv currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.81.
View Our Latest Research Report on Vertiv
About Vertiv
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
- Five stocks we like better than Vertiv
- 3 Warren Buffett Stocks to Buy Now
- Rare Earth Stocks: The Truce That Isn’t a Truce
- Comparing and Trading High PE Ratio Stocks
- Carving Up Profits: 3 Food Stocks on the Thanksgiving Table
- What Makes a Stock a Good Dividend Stock?
- C3.ai’s Reset: Why New Leadership Could Spark a Turnaround
Want to see what other hedge funds are holding VRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vertiv Holdings Co. (NYSE:VRT – Free Report).
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.
