4,000 Shares in Vertiv Holdings Co (NYSE:VRT) Purchased by Gordian Capital Singapore Pte Ltd

Gordian Capital Singapore Pte Ltd bought a new stake in shares of Vertiv Holdings Co (NYSE:VRT) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,000 shares of the company’s stock, valued at approximately $346,000.

A number of other hedge funds have also added to or reduced their stakes in VRT. PNC Financial Services Group Inc. lifted its position in 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. California State Teachers Retirement System grew its position in shares of Vertiv by 58.8% during the fourth quarter. California State Teachers Retirement System now owns 547,833 shares of the company’s stock worth $26,312,000 after purchasing an additional 202,766 shares in the last quarter. Williamson Legacy Group LLC purchased a new position in Vertiv during the 4th quarter valued at approximately $1,645,000. Swiss National Bank lifted its stake in shares of Vertiv by 1.3% in the 1st quarter. Swiss National Bank now owns 1,085,200 shares of the company’s stock valued at $88,628,000 after purchasing an additional 14,100 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in shares of Vertiv by 1,019.3% in the 1st quarter. Acadian Asset Management LLC now owns 4,007 shares of the company’s stock valued at $326,000 after purchasing an additional 3,649 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Evercore ISI reaffirmed an “outperform” rating and issued a $105.00 price objective on shares of Vertiv in a research note on Thursday, August 15th. TD Cowen raised their price objective on Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Mizuho raised Vertiv from a “neutral” rating to an “outperform” rating and decreased their price target for the stock from $95.00 to $92.00 in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group decreased their price target on Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $102.13.

Vertiv Trading Down 1.9 %

Shares of NYSE:VRT opened at $97.62 on Wednesday. Vertiv Holdings Co has a 12-month low of $34.60 and a 12-month high of $109.27. The business’s fifty day simple moving average is $81.17 and its 200-day simple moving average is $86.78. The company has a market capitalization of $36.54 billion, a PE ratio of 93.87, a P/E/G ratio of 1.26 and a beta of 1.58. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.90.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the business posted $0.46 EPS. The business’s revenue was up 12.6% compared to the same quarter last year. As a group, equities research analysts predict that Vertiv Holdings Co will post 2.58 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.10 annualized dividend and a yield of 0.10%. Vertiv’s dividend payout ratio (DPR) is 9.62%.

Insider Buying and Selling at Vertiv

In related news, insider Karsten Winther sold 44,924 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total value of $3,593,470.76. Following the completion of the transaction, the insider now directly owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.01% of the stock is currently owned by company insiders.

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.