Vertiv Holdings Co (NYSE:VRT) Position Increased by Gordian Capital Singapore Pte Ltd

Gordian Capital Singapore Pte Ltd boosted its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 112.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,500 shares of the company's stock after purchasing an additional 4,500 shares during the period. Gordian Capital Singapore Pte Ltd's holdings in Vertiv were worth $846,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VRT. Groupama Asset Managment purchased a new position in shares of Vertiv during the 3rd quarter valued at approximately $92,000. Nomura Asset Management Co. Ltd. boosted its stake in Vertiv by 195.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 280,984 shares of the company's stock valued at $27,955,000 after acquiring an additional 185,757 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Vertiv during the 3rd quarter worth $6,453,000. MML Investors Services LLC increased its position in shares of Vertiv by 14.8% in the 3rd quarter. MML Investors Services LLC now owns 30,716 shares of the company's stock worth $3,056,000 after purchasing an additional 3,956 shares during the last quarter. Finally, Anson Funds Management LP acquired a new stake in shares of Vertiv in the 3rd quarter valued at about $995,000. Hedge funds and other institutional investors own 89.92% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on VRT shares. Mizuho boosted their price objective on Vertiv from $125.00 to $145.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. TD Cowen boosted their price target on Vertiv from $115.00 to $141.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Evercore ISI raised their price objective on Vertiv from $125.00 to $135.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. The Goldman Sachs Group boosted their target price on shares of Vertiv from $126.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Finally, Jefferies Financial Group initiated coverage on shares of Vertiv in a research report on Monday, October 7th. They issued a "buy" rating and a $125.00 price target on the stock. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $139.90.

Vertiv Stock Performance

NYSE VRT traded down $7.68 on Monday, hitting $126.17. The stock had a trading volume of 8,940,056 shares, compared to its average volume of 8,156,500. The company's 50-day moving average is $118.10 and its two-hundred day moving average is $97.40. The stock has a market cap of $47.36 billion, a price-to-earnings ratio of 84.74, a P/E/G ratio of 1.38 and a beta of 1.61. 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 one year low of $44.31 and a one year high of $145.67.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating 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 firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the business earned $0.52 EPS. The firm's revenue for the quarter was up 19.0% on a year-over-year basis. On average, analysts expect that Vertiv Holdings Co will post 2.69 earnings per share for the current year.

Vertiv Increases Dividend

The business 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. This is a boost from Vertiv's previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.15 annualized dividend and a yield of 0.12%. Vertiv's dividend payout ratio (DPR) is presently 6.67%.

Insiders Place Their Bets

In other news, EVP Stephen Liang sold 86,619 shares of the business's stock in a transaction on Tuesday, November 26th. The stock was 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 approximately $2,562,549.57. The trade was a 81.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jan Van Dokkum sold 38,647 shares of Vertiv stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $136.39, for a total value of $5,271,064.33. Following the transaction, the director now directly owns 25,000 shares in the company, valued at approximately $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. In 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 corporate insiders.

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.