Natixis Advisors LLC Has $12.78 Million Stock Position in Vertiv Holdings Co (NYSE:VRT)

Natixis Advisors LLC boosted its holdings in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 59.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 128,451 shares of the company's stock after buying an additional 47,748 shares during the quarter. Natixis Advisors LLC's holdings in Vertiv were worth $12,779,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mizuho Markets Americas LLC purchased a new stake in shares of Vertiv during the third quarter worth about $444,000. KCM Investment Advisors LLC boosted its stake in Vertiv by 19.0% during the third quarter. KCM Investment Advisors LLC now owns 28,730 shares of the company's stock worth $2,858,000 after buying an additional 4,595 shares during the period. Empowered Funds LLC raised its holdings in shares of Vertiv by 6.5% in the 3rd quarter. Empowered Funds LLC now owns 5,498 shares of the company's stock valued at $547,000 after buying an additional 335 shares during the period. CIBC Asset Management Inc lifted its stake in Vertiv by 5.4% during the 3rd quarter. CIBC Asset Management Inc now owns 13,461 shares of the company's stock worth $1,339,000 after acquiring an additional 691 shares in the last quarter. Finally, Intellectus Partners LLC purchased a new position in Vertiv during the 3rd quarter valued at about $796,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VRT has been the topic of several research reports. The Goldman Sachs Group increased their price target on shares of Vertiv from $126.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday. Jefferies Financial Group began coverage on Vertiv in a research report on Monday, October 7th. They set a "buy" rating and a $125.00 price objective on the stock. Citigroup lifted their target price on Vertiv from $134.00 to $141.00 and gave the company a "buy" rating in a report on Tuesday. Mizuho increased their price target on Vertiv from $125.00 to $145.00 and gave the company an "outperform" rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. boosted their price objective on Vertiv from $124.00 to $132.00 and gave the stock an "overweight" rating in a research report on Tuesday. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vertiv has an average rating of "Buy" and an average price target of $138.50.

Insider Activity

In other news, insider Karsten Winther sold 44,924 shares of the company's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the completion of the sale, the insider now directly owns 10,542 shares of the company's stock, valued at $843,254.58. This represents a 80.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 5.01% of the company's stock.

Vertiv Price Performance

Shares of VRT opened at $137.74 on Thursday. Vertiv Holdings Co has a fifty-two week low of $41.01 and a fifty-two week high of $141.76. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. The firm has a 50-day simple moving average of $108.75 and a 200-day simple moving average of $94.57. The company has a market capitalization of $51.70 billion, a price-to-earnings ratio of 91.71, a price-to-earnings-growth ratio of 1.53 and a beta of 1.58.

Vertiv (NYSE:VRT - Get Free Report) last posted 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 net margin of 7.72% and a return on equity of 55.33%. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the firm posted $0.52 EPS. The firm's revenue for the quarter was up 19.0% on a year-over-year basis. On average, equities research analysts anticipate that Vertiv Holdings Co will post 2.69 earnings per share for the current 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 issued a $0.0375 dividend. The ex-dividend date is 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 dividend 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.