Mizuho Markets Americas LLC Acquires New Position in Vertiv Holdings Co (NYSE:VRT)

Mizuho Markets Americas LLC purchased a new stake in Vertiv Holdings Co (NYSE:VRT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 4,461 shares of the company’s stock, valued at approximately $444,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Anchor Investment Management LLC acquired a new position in shares of Vertiv during the second quarter worth about $26,000. Mather Group LLC. raised its position in Vertiv by 132.5% during the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after buying an additional 200 shares during the last quarter. Krane Funds Advisors LLC purchased a new position in Vertiv in the third quarter worth $29,000. Global Trust Asset Management LLC acquired a new position in Vertiv during the third quarter worth $30,000. Finally, OFI Invest Asset Management purchased a new position in shares of Vertiv in the second quarter valued at $34,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total transaction 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. This represents a 80.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.01% of the company’s stock.

Analyst Ratings Changes

VRT has been the subject of several recent analyst reports. Oppenheimer lifted their price target on Vertiv from $115.00 to $121.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Mizuho increased their target price on Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Jefferies Financial Group initiated coverage on shares of Vertiv in a research report on Monday, October 7th. They issued a “buy” rating and a $125.00 target price for the company. UBS Group initiated coverage on Vertiv in a research report on Wednesday. They set a “buy” rating and a $155.00 price target for the company. Finally, The Goldman Sachs Group decreased their price objective on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $125.40.

Vertiv Stock Performance

Shares of Vertiv stock opened at $120.87 on Friday. The stock’s 50-day moving average is $105.37 and its 200-day moving average is $93.68. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The firm has a market cap of $45.37 billion, a price-to-earnings ratio of 80.58, a price-to-earnings-growth ratio of 1.35 and a beta of 1.58. Vertiv Holdings Co has a one year low of $41.01 and a one year high of $130.30.

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

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.08%. The ex-dividend date was Tuesday, September 17th. Vertiv’s payout ratio is currently 6.67%.

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.