Nwam LLC Purchases Shares of 41,316 Vertiv Holdings Co (NYSE:VRT)

Nwam LLC bought a new stake in Vertiv Holdings Co (NYSE:VRT - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 41,316 shares of the company's stock, valued at approximately $4,111,000.

Other hedge funds also recently added to or reduced their stakes in the company. Clearbridge Investments LLC increased its holdings in Vertiv by 15.4% in the second 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 in the last quarter. Whittier Trust Co. raised its stake in Vertiv by 7.2% during the third quarter. Whittier Trust Co. now owns 127,210 shares of the company's stock worth $12,656,000 after purchasing an additional 8,579 shares during the period. Janney Capital Management LLC purchased a new position in shares of Vertiv in the 3rd quarter valued at $8,403,000. Assenagon Asset Management S.A. raised its stake in shares of Vertiv by 190.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 55,923 shares of the company's stock valued at $5,564,000 after acquiring an additional 36,684 shares during the period. Finally, Entropy Technologies LP raised its stake in shares of Vertiv by 42.4% in the 3rd quarter. Entropy Technologies LP now owns 31,839 shares of the company's stock valued at $3,168,000 after acquiring an additional 9,479 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Price Performance

VRT traded down $1.34 on Friday, hitting $140.15. 4,891,821 shares of the stock were exchanged, compared to its average volume of 8,204,412. Vertiv Holdings Co has a 12 month low of $41.01 and a 12 month high of $145.67. The business has a 50-day moving average of $109.85 and a two-hundred day moving average of $94.90. 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 has a market capitalization of $52.60 billion, a price-to-earnings ratio of 93.92, a PEG ratio of 1.53 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 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 company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the firm posted $0.52 EPS. The company's quarterly revenue was up 19.0% on a year-over-year basis. Sell-side analysts forecast that Vertiv Holdings Co will post 2.69 EPS for the current fiscal 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 issued a dividend of $0.0375 per share. 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 positive change from Vertiv's previous quarterly dividend of $0.03. Vertiv's payout ratio is presently 6.67%.

Insider Activity

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the business's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value of $4,373,094.44. Following the sale, the insider now directly owns 19,448 shares of the company's stock, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Karsten Winther sold 44,924 shares of the company'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 transaction, the insider now directly owns 10,542 shares in the company, valued at approximately $843,254.58. The trade was a 80.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 91,185 shares of company stock worth $10,074,936. 5.01% of the stock is currently owned by insiders.

Analyst Ratings Changes

VRT has been the topic of several analyst reports. 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. UBS Group initiated coverage on shares of Vertiv in a report on Wednesday, November 13th. They set a "buy" rating and a $155.00 price objective for the company. Citigroup raised their price objective on shares of Vertiv from $134.00 to $141.00 and gave the stock a "buy" rating in a report on Tuesday. TD Cowen lifted their price target on shares of Vertiv from $115.00 to $141.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Jefferies Financial Group assumed coverage on shares of Vertiv in a report on Monday, October 7th. They issued a "buy" rating and a $125.00 price target for the company. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus 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.