Natixis Trims Position in Vertiv Holdings Co (NYSE:VRT)

Natixis lowered its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 19.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,500 shares of the company’s stock after selling 8,302 shares during the period. Natixis’ holdings in Vertiv were worth $2,818,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of VRT. Bogart Wealth LLC purchased a new position in Vertiv during the first quarter worth approximately $25,000. GAMMA Investing LLC purchased a new position in Vertiv during the fourth quarter worth approximately $26,000. Raleigh Capital Management Inc. raised its stake in Vertiv by 79.0% during the fourth quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock worth $27,000 after purchasing an additional 252 shares during the period. Atticus Wealth Management LLC acquired a new stake in shares of Vertiv in the first quarter worth $27,000. Finally, Hazlett Burt & Watson Inc. acquired a new stake in shares of Vertiv in the first quarter worth $34,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Buying and Selling at Vertiv

In other Vertiv news, Director Doherty Philip O’ sold 9,529 shares of Vertiv stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $109.30, for a total value of $1,041,519.70. Following the completion of the sale, the director now directly owns 6,882,859 shares in the company, valued at $752,296,488.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Roger Fradin sold 16,667 shares of Vertiv stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $103.86, for a total value of $1,731,034.62. Following the transaction, the director now owns 218,333 shares of the company’s stock, valued at $22,676,065.38. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Doherty Philip O’ sold 9,529 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $109.30, for a total transaction of $1,041,519.70. Following the transaction, the director now directly owns 6,882,859 shares in the company, valued at approximately $752,296,488.70. The disclosure for this sale can be found here. Insiders sold 3,674,034 shares of company stock worth $354,931,478 over the last ninety days. 5.01% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Oppenheimer increased their price objective on shares of Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Evercore ISI increased their price objective on shares of Vertiv from $95.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, June 14th. TD Cowen increased their price objective on shares of Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday. Mizuho increased their price objective on shares of Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Finally, The Goldman Sachs Group dropped their price objective on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Vertiv presently has an average rating of “Moderate Buy” and an average price target of $96.56.

Vertiv Trading Up 3.6 %

Shares of Vertiv stock traded up $2.76 during trading on Friday, hitting $79.24. The stock had a trading volume of 1,172,573 shares, compared to its average volume of 8,581,506. The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 2.09. The company has a market capitalization of $29.66 billion, a PE ratio of 73.52, a P/E/G ratio of 1.11 and a beta of 1.58. The stock has a 50 day simple moving average of $92.30 and a 200 day simple moving average of $79.56. Vertiv Holdings Co has a 1 year low of $25.09 and a 1 year high of $109.27.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.57 by $0.10. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Vertiv had a net margin of 6.93% and a return on equity of 49.53%. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period last year, the company posted $0.46 earnings per share. On average, research analysts expect that Vertiv Holdings Co will post 2.5 EPS for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Monday, June 17th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date was Monday, June 17th. Vertiv’s dividend payout ratio (DPR) is presently 9.62%.

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.