Vertiv Holdings Co (NYSE:VRT) Shares Acquired by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd raised its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 1,825.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,923 shares of the company's stock after purchasing an additional 48,278 shares during the period. Dai ichi Life Insurance Company Ltd's holdings in Vertiv were worth $4,408,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Westover Capital Advisors LLC purchased a new stake in Vertiv in the 2nd quarter worth approximately $225,000. Federated Hermes Inc. boosted its holdings in shares of Vertiv by 31.5% during the second quarter. Federated Hermes Inc. now owns 897,909 shares of the company's stock worth $77,732,000 after purchasing an additional 215,138 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Vertiv by 17.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 704,977 shares of the company's stock valued at $62,178,000 after purchasing an additional 104,039 shares during the period. Meeder Asset Management Inc. increased its stake in Vertiv by 4,636.2% in the second quarter. Meeder Asset Management Inc. now owns 2,747 shares of the company's stock valued at $238,000 after purchasing an additional 2,689 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in Vertiv by 153.3% during the second quarter. Oppenheimer & Co. Inc. now owns 48,952 shares of the company's stock worth $4,238,000 after buying an additional 29,623 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the company's stock in a transaction dated 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 directly owns 10,542 shares of the company's stock, valued at approximately $843,254.58. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 5.01% of the stock is currently owned by insiders.

Vertiv Stock Down 1.2 %

Shares of VRT traded down $1.00 during midday trading on Friday, reaching $85.76. 7,264,461 shares of the company were exchanged, compared to its average volume of 8,576,858. Vertiv Holdings Co has a 1-year low of $34.60 and a 1-year high of $109.27. The stock has a 50-day moving average price of $79.75 and a 200-day moving average price of $84.64. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.90. The company has a market cap of $32.10 billion, a price-to-earnings ratio of 82.46, a P/E/G ratio of 1.08 and a beta of 1.58.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.57 by $0.10. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the company posted $0.46 EPS. Vertiv's revenue for the quarter was up 12.6% on a year-over-year basis. Research analysts expect that Vertiv Holdings Co will post 2.58 earnings per share for the current year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Tuesday, September 17th will be issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend is Tuesday, September 17th. Vertiv's payout ratio is 9.62%.

Wall Street Analyst Weigh In

VRT has been the subject of several recent analyst reports. Mizuho upgraded Vertiv from a "neutral" rating to an "outperform" rating and lowered their price target for the company from $95.00 to $92.00 in a report on Wednesday, August 7th. Evercore ISI reaffirmed an "outperform" rating and set a $105.00 price target on shares of Vertiv in a research report on Thursday, August 15th. TD Cowen increased their price target on shares of Vertiv from $89.00 to $93.00 and gave the stock a "buy" rating in a research note on Thursday, July 25th. Finally, The Goldman Sachs Group lowered their price objective on shares of Vertiv from $116.00 to $104.00 and set a "buy" rating for the company in a research note on Thursday, July 25th. Eight 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 $102.13.

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.