Vertiv Holdings Co (NYSE:VRT) Shares Bought by Baldwin Investment Management LLC

Baldwin Investment Management LLC grew its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 86.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,509 shares of the company's stock after acquiring an additional 9,040 shares during the period. Baldwin Investment Management LLC's holdings in Vertiv were worth $1,941,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of VRT. Anchor Investment Management LLC purchased a new stake in shares of Vertiv in the 2nd quarter worth approximately $26,000. Mather Group LLC. lifted its stake in shares of Vertiv by 132.5% during the 2nd quarter. Mather Group LLC. now owns 351 shares of the company's stock worth $29,000 after purchasing an additional 200 shares during the last quarter. Krane Funds Advisors LLC bought a new stake in Vertiv during the third quarter valued at about $29,000. Global Trust Asset Management LLC purchased a new position in Vertiv in the third quarter valued at about $30,000. Finally, Brooklyn Investment Group bought a new position in 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 other news, Director Jakki L. Haussler sold 15,347 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the completion of the transaction, the director now directly owns 3,425 shares in the company, valued at approximately $470,526.50. This represents a 81.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Anand Sanghi sold 30,914 shares of the company's 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold 129,832 shares of company stock worth $15,346,000 in the last ninety days. 5.01% of the stock is owned by insiders.

Vertiv Price Performance

NYSE VRT traded down $6.05 during mid-day trading on Wednesday, hitting $125.69. The stock had a trading volume of 4,484,213 shares, compared to its average volume of 8,195,835. 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's 50 day moving average is $112.73 and its 200 day moving average is $95.67. Vertiv Holdings Co has a twelve month low of $41.01 and a twelve month high of $145.67. The stock has a market capitalization of $47.18 billion, a price-to-earnings ratio of 83.89, a PEG ratio of 1.36 and a beta of 1.58.

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

Vertiv Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.0375 per share. 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 0.12%. Vertiv's payout ratio is 6.67%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Mizuho lifted their price objective on shares of Vertiv from $125.00 to $145.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 19th. Evercore ISI upped their price target on Vertiv from $125.00 to $135.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. The Goldman Sachs Group raised their price objective on Vertiv from $126.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Oppenheimer increased their price target on Vertiv from $121.00 to $131.00 and gave the company an "outperform" rating in a research note on Tuesday, November 19th. Finally, Citigroup raised their price target on Vertiv from $134.00 to $141.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $138.50.

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.