Clal Insurance Enterprises Holdings Ltd Buys New Shares in Vertiv Holdings Co (NYSE:VRT)

Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of Vertiv Holdings Co (NYSE:VRT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,000 shares of the company’s stock, valued at approximately $696,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Krane Funds Advisors LLC purchased a new stake in shares of Vertiv in the 3rd quarter valued at approximately $29,000. Anchor Investment Management LLC purchased a new stake in shares of Vertiv in the 2nd quarter valued at approximately $26,000. Global Trust Asset Management LLC purchased a new stake in shares of Vertiv in the 3rd quarter valued at approximately $30,000. Mather Group LLC. lifted its position in shares of Vertiv by 132.5% in the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after acquiring an additional 200 shares in the last quarter. Finally, ORG Wealth Partners LLC acquired a new position in Vertiv in the 3rd quarter valued at approximately $36,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Stock Performance

NYSE:VRT opened at $140.15 on Friday. Vertiv Holdings Co has a 1 year low of $41.01 and a 1 year high of $145.67. The firm’s fifty day simple moving average is $110.94 and its 200 day simple moving average is $95.19. 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 firm has a market capitalization of $52.60 billion, a PE ratio of 93.43, a PEG ratio of 1.45 and a beta of 1.58.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the business posted $0.52 EPS. Vertiv’s revenue was up 19.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be issued a $0.0375 dividend. The ex-dividend date is Tuesday, December 3rd. This is an increase from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. Vertiv’s dividend payout ratio is 6.67%.

Analysts Set New Price Targets

VRT has been the topic of several research reports. Mizuho upped their price objective on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday. TD Cowen upped their price objective on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday. The Goldman Sachs Group upped their price objective on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday. Evercore ISI upped their price objective on shares of Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Jefferies Financial Group started coverage on shares of Vertiv in a research note on Monday, October 7th. They set a “buy” rating and a $125.00 price target on the stock. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $138.50.

Insider Buying and Selling at Vertiv

In related news, insider Karsten Winther sold 44,924 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the completion of the sale, the insider now owns 10,542 shares in the company, valued at $843,254.58. This trade represents a 80.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the sale, the insider now owns 19,448 shares of the company’s stock, valued at $2,751,114.08. This trade represents a 61.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 91,185 shares of company stock valued at $10,074,936 in the last ninety days. Company insiders own 5.01% of the company’s stock.

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.