Vertiv Holdings Co (NYSE:VRT) Shares Sold by Perpetual Ltd

Perpetual Ltd lessened its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 96.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,330 shares of the company’s stock after selling 248,637 shares during the quarter. Perpetual Ltd’s holdings in Vertiv were worth $1,174,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Anchor Investment Management LLC purchased a new position in shares of Vertiv in the 2nd quarter valued at $26,000. Krane Funds Advisors LLC acquired a new stake in Vertiv in the 3rd quarter valued at $29,000. Global Trust Asset Management LLC purchased a new position in Vertiv in the third quarter valued at about $30,000. Mark Sheptoff Financial Planning LLC lifted its stake in shares of Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Vertiv in the third quarter worth about $30,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Buying and Selling at Vertiv

In related news, EVP Stephen Liang sold 86,619 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 19,551 shares of the company’s stock, valued at $2,562,549.57. This trade represents a 81.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jan Van Dokkum sold 38,647 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at $3,409,750. The trade was a 60.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is owned by insiders.

Vertiv Price Performance

Shares of NYSE:VRT opened at $148.54 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The firm has a 50-day simple moving average of $126.63 and a 200 day simple moving average of $104.34. Vertiv Holdings Co has a fifty-two week low of $52.40 and a fifty-two week high of $154.79. The company has a market cap of $55.75 billion, a PE ratio of 99.03, a P/E/G ratio of 1.06 and a beta of 1.63.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The business’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 EPS. On average, sell-side analysts anticipate that Vertiv Holdings Co will post 2.7 EPS for the current year.

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were given a $0.0375 dividend. The ex-dividend date was Tuesday, December 3rd. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 0.10%. Vertiv’s dividend payout ratio (DPR) is currently 6.67%.

Analysts Set New Price Targets

VRT has been the topic of several recent research reports. Evercore ISI reduced their price target on Vertiv from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Oppenheimer boosted their target price on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. upped their target price on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. TD Cowen lifted their price target on shares of Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, Citigroup upped their price objective on shares of Vertiv from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $141.75.

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.