Diversified Trust Co Raises Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Diversified Trust Co lifted its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 0.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 32,688 shares of the company’s stock after purchasing an additional 123 shares during the quarter. Diversified Trust Co’s holdings in Vertiv were worth $3,714,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Silverleafe Capital Partners LLC purchased a new position in shares of Vertiv in the 4th quarter valued at approximately $4,219,000. Clearbridge Investments LLC grew its position in Vertiv by 15.4% in the 2nd quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company’s stock valued at $221,013,000 after buying an additional 340,639 shares during the last quarter. Whittier Trust Co. increased its stake in Vertiv by 7.2% in the 3rd quarter. Whittier Trust Co. now owns 127,210 shares of the company’s stock valued at $12,656,000 after buying an additional 8,579 shares during the period. Janney Capital Management LLC purchased a new position in Vertiv during the 3rd quarter worth $8,403,000. Finally, Gordian Capital Singapore Pte Ltd lifted its stake in shares of Vertiv by 112.5% in the 3rd quarter. Gordian Capital Singapore Pte Ltd now owns 8,500 shares of the company’s stock worth $846,000 after acquiring an additional 4,500 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Vertiv

In other news, EVP Stephen Liang sold 86,619 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the transaction, the executive vice president now owns 19,551 shares of the company’s stock, valued at $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jakki L. Haussler sold 15,347 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the sale, the director now owns 3,425 shares in the company, valued at approximately $470,526.50. This trade represents a 81.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on VRT shares. Mizuho boosted their price target on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Morgan Stanley started coverage on Vertiv in a research note on Monday. They set an “overweight” rating and a $150.00 target price for the company. Fox Advisors initiated coverage on Vertiv in a research note on Monday. They issued an “equal weight” rating on the stock. Barclays started coverage on Vertiv in a research report on Thursday, December 12th. They issued an “equal weight” rating and a $142.00 price objective for the company. Finally, Evercore ISI boosted their target price on shares of Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Vertiv presently has a consensus rating of “Moderate Buy” and an average price target of $140.92.

Vertiv Stock Performance

NYSE:VRT opened at $130.45 on Wednesday. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The company has a market capitalization of $48.96 billion, a P/E ratio of 86.97, a price-to-earnings-growth ratio of 1.29 and a beta of 1.63. The firm has a 50-day moving average price of $123.56 and a two-hundred day moving average price of $101.34. Vertiv Holdings Co has a twelve month low of $46.62 and a twelve month high of $145.67.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.07. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 EPS. As a group, research analysts expect that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date was Tuesday, December 3rd. This is a boost from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio (DPR) is currently 6.67%.

Vertiv Company 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.