Banque Cantonale Vaudoise Grows Position in Vertiv Holdings Co (NYSE:VRT)

Banque Cantonale Vaudoise lifted its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 38.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,503 shares of the company's stock after buying an additional 8,168 shares during the period. Banque Cantonale Vaudoise's holdings in Vertiv were worth $2,935,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Blair William & Co. IL bought a new position in shares of Vertiv during the 1st quarter worth approximately $284,000. Acadian Asset Management LLC raised its position in shares of Vertiv by 1,019.3% in the first quarter. Acadian Asset Management LLC now owns 4,007 shares of the company's stock valued at $326,000 after buying an additional 3,649 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in Vertiv by 37.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 11,535 shares of the company's stock worth $942,000 after purchasing an additional 3,114 shares during the last quarter. UniSuper Management Pty Ltd boosted its stake in Vertiv by 108.0% during the first quarter. UniSuper Management Pty Ltd now owns 5,200 shares of the company's stock worth $425,000 after buying an additional 2,700 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its stake in shares of Vertiv by 157.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 223,914 shares of the company's stock valued at $18,301,000 after purchasing an additional 136,956 shares during the period. 89.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VRT. Oppenheimer lifted their price target on shares of Vertiv from $121.00 to $131.00 and gave the stock an "outperform" rating in a research note on Tuesday. Bank of America boosted their target price on shares of Vertiv from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Jefferies Financial Group assumed coverage on shares of Vertiv in a research note on Monday, October 7th. They set a "buy" rating and a $125.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on shares of Vertiv from $124.00 to $132.00 and gave the company an "overweight" rating in a research note on Tuesday. Finally, 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. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vertiv has a consensus rating of "Buy" and an average target price of $138.50.

Vertiv Stock Down 2.4 %

NYSE VRT traded down $3.38 on Wednesday, reaching $137.56. The company had a trading volume of 10,586,279 shares, compared to its average volume of 8,210,172. The firm has a market capitalization of $51.63 billion, a PE ratio of 91.71, a P/E/G ratio of 1.31 and a beta of 1.58. Vertiv Holdings Co has a 1 year low of $41.01 and a 1 year high of $141.76. The firm has a 50-day moving average of $108.75 and a 200-day moving average of $94.57. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02.

Vertiv (NYSE:VRT - Get Free Report) last released 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 firm had revenue of $2.07 billion during 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%. Vertiv's quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 EPS. On average, equities research analysts anticipate that Vertiv Holdings Co will post 2.69 EPS for the current fiscal 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. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date is Tuesday, December 3rd. This is a boost from Vertiv's previous quarterly dividend of $0.03. Vertiv's dividend payout ratio is currently 6.67%.

Insiders Place Their Bets

In other Vertiv news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total value of $3,593,470.76. Following the completion of the transaction, the insider now owns 10,542 shares of the company's stock, valued at $843,254.58. The trade was a 80.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 5.01% of the stock is owned by company insiders.

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.