7,000 Shares in Vertiv Holdings Co (NYSE:VRT) Bought by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 7,000 shares of the company's stock, valued at approximately $696,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Clearbridge Investments LLC lifted its holdings in shares of Vertiv by 15.4% during the 2nd quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company's stock valued at $221,013,000 after buying an additional 340,639 shares during the last quarter. Whittier Trust Co. boosted its holdings in Vertiv by 7.2% in the 3rd quarter. Whittier Trust Co. now owns 127,210 shares of the company's stock valued at $12,656,000 after purchasing an additional 8,579 shares during the period. Janney Capital Management LLC bought a new position in Vertiv during the third quarter valued at about $8,403,000. Assenagon Asset Management S.A. lifted its holdings in shares of Vertiv by 190.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 55,923 shares of the company's stock worth $5,564,000 after acquiring an additional 36,684 shares during the period. Finally, Entropy Technologies LP boosted its holdings in Vertiv by 42.4% during the third quarter. Entropy Technologies LP now owns 31,839 shares of the company's stock valued at $3,168,000 after purchasing an additional 9,479 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

Insider Activity

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the business's 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 sale, the insider now owns 10,542 shares in the company, valued at $843,254.58. The trade was a 80.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jakki L. Haussler sold 15,347 shares of the company's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the sale, the director now owns 3,425 shares in the company, valued at $470,526.50. This represents a 81.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 91,185 shares of company stock worth $10,074,936. Corporate insiders own 5.01% of the company's stock.

Vertiv Stock Down 0.9 %

NYSE VRT traded down $1.34 on Friday, reaching $140.15. The company had a trading volume of 4,943,966 shares, compared to its average volume of 6,484,420. Vertiv Holdings Co has a 52-week low of $41.01 and a 52-week high of $145.67. 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 company's fifty day moving average is $110.94 and its 200 day moving average is $95.19. The stock has a market capitalization of $52.60 billion, a P/E ratio of 93.43, a P/E/G ratio of 1.45 and a beta of 1.58.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) 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 firm's quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.52 EPS. Sell-side analysts anticipate that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be paid a $0.0375 dividend. 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%. The ex-dividend date is Tuesday, December 3rd. Vertiv's dividend payout ratio is presently 6.67%.

Analyst Upgrades and Downgrades

VRT has been the subject of a number of research analyst reports. Jefferies Financial Group assumed coverage on Vertiv in a report on Monday, October 7th. They issued a "buy" rating and a $125.00 price target for the company. Oppenheimer upped their price target on Vertiv from $121.00 to $131.00 and gave the company an "outperform" rating in a research note on Tuesday. Mizuho lifted their target price on Vertiv from $125.00 to $145.00 and gave the stock an "outperform" rating in a report on Tuesday. JPMorgan Chase & Co. increased their price objective on shares of Vertiv from $124.00 to $132.00 and gave the stock an "overweight" rating in a research report on Tuesday. Finally, TD Cowen raised 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. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $138.50.

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.