Diversified Trust Co Purchases 3,532 Shares of Vertiv Holdings Co (NYSE:VRT)

Diversified Trust Co boosted its position in shares of Vertiv Holdings Co (NYSE:VRT) by 76.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,145 shares of the company’s stock after purchasing an additional 3,532 shares during the period. Diversified Trust Co’s holdings in Vertiv were worth $665,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB bought a new position in shares of Vertiv during the 4th quarter worth $1,040,000. PNC Financial Services Group Inc. grew its position in shares of Vertiv by 296.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,205 shares of the company’s stock worth $634,000 after buying an additional 9,870 shares during the last quarter. Xponance Inc. grew its position in shares of Vertiv by 2.9% in the 4th quarter. Xponance Inc. now owns 14,984 shares of the company’s stock worth $720,000 after buying an additional 426 shares during the last quarter. California State Teachers Retirement System lifted its position in Vertiv by 58.8% during the fourth quarter. California State Teachers Retirement System now owns 547,833 shares of the company’s stock valued at $26,312,000 after acquiring an additional 202,766 shares during the last quarter. Finally, WT Asset Management Ltd acquired a new stake in Vertiv in the fourth quarter valued at approximately $24,486,000. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Price Performance

Shares of NYSE VRT opened at $93.29 on Thursday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.98 and a current ratio of 1.34. The firm has a fifty day moving average of $94.62 and a 200 day moving average of $75.28. The firm has a market cap of $34.92 billion, a PE ratio of 89.70, a PEG ratio of 1.26 and a beta of 1.58. Vertiv Holdings Co has a one year low of $23.51 and a one year high of $109.27.

Vertiv (NYSE:VRT) last posted its quarterly earnings data 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 company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same period in the previous year, the business earned $0.24 EPS. Vertiv’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, research analysts predict that Vertiv Holdings Co will post 2.43 EPS for the current fiscal year.

Vertiv Announces Dividend

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

Insider Activity at Vertiv

In other news, insider Yibin Edward Cui sold 668 shares of the company’s stock in a transaction that occurred on Saturday, May 4th. The stock was 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 in the company, valued at $1,836,074.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Doherty Philip O’ sold 488,705 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $93.68, for a total value of $45,781,884.40. Following the sale, the director now directly owns 11,835,476 shares in the company, valued at approximately $1,108,747,391.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Yibin Edward Cui sold 668 shares of the company’s stock in a transaction that occurred on 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 owns 19,452 shares in the company, valued at $1,836,074.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,162,739 shares of company stock valued at $400,713,362. Corporate insiders own 5.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VRT. Evercore ISI upped their price target on shares of Vertiv from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Friday, June 14th. Bank of America boosted their price target on Vertiv from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. JPMorgan Chase & Co. lifted their target price on Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. The Goldman Sachs Group upped their price objective on shares of Vertiv from $103.00 to $116.00 and gave the company a “buy” rating in a report on Friday, May 17th. Finally, Citigroup raised their target price on shares of Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $92.11.

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.