Vertiv Holdings Co (NYSE:VRT) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 156.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 143,649 shares of the company's stock after buying an additional 87,726 shares during the period. Assenagon Asset Management S.A.'s holdings in Vertiv were worth $16,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. raised its holdings in shares of Vertiv by 57.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 10,616 shares of the company's stock valued at $919,000 after acquiring an additional 3,876 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Vertiv by 12.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 352,548 shares of the company's stock worth $30,520,000 after acquiring an additional 38,822 shares in the last quarter. Moors & Cabot Inc. grew its stake in Vertiv by 23.2% in the second quarter. Moors & Cabot Inc. now owns 5,625 shares of the company's stock valued at $487,000 after purchasing an additional 1,060 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in Vertiv by 166.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 11,730 shares of the company's stock worth $1,015,000 after purchasing an additional 7,327 shares in the last quarter. Finally, Amalgamated Bank boosted its holdings in shares of Vertiv by 18.2% in the 2nd quarter. Amalgamated Bank now owns 24,195 shares of the company's stock valued at $2,095,000 after buying an additional 3,734 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VRT has been the subject of a number of analyst reports. Oppenheimer increased their target price on shares of Vertiv from $121.00 to $131.00 and gave the company an "outperform" rating in a research report on Tuesday, November 19th. Barclays initiated coverage on shares of Vertiv in a research note on Thursday, December 12th. They issued an "equal weight" rating and a $142.00 target price for the company. Bank of America increased their price objective on Vertiv from $130.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, October 24th. JPMorgan Chase & Co. increased their price target on Vertiv from $124.00 to $132.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 19th. Finally, Mizuho raised their price objective 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. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $141.75.

Insiders Place Their Bets

In other news, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the completion of the sale, the insider now directly owns 19,448 shares in the company, valued at $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the transaction, the executive vice president now owns 19,551 shares in the company, valued at approximately $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is owned by corporate insiders.

Vertiv Trading Up 2.5 %

NYSE:VRT traded up $3.35 on Friday, hitting $135.94. The stock had a trading volume of 4,912,411 shares, compared to its average volume of 4,839,224. The company has a fifty day moving average price of $126.07 and a two-hundred day moving average price of $103.50. The stock has a market cap of $51.02 billion, a price-to-earnings ratio of 90.63, a PEG ratio of 0.99 and a beta of 1.63. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. Vertiv Holdings Co has a 1-year low of $49.67 and a 1-year high of $145.67.

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

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were issued a dividend of $0.0375 per share. The ex-dividend date was Tuesday, December 3rd. This is a boost from Vertiv's previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 0.11%. Vertiv's payout ratio 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.