Dimensional Fund Advisors LP Purchases 355,059 Shares of Vertiv Holdings Co (NYSE:VRT)

Dimensional Fund Advisors LP raised its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 16.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,473,204 shares of the company's stock after acquiring an additional 355,059 shares during the quarter. Dimensional Fund Advisors LP owned about 0.66% of Vertiv worth $214,112,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Vertiv by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company's stock valued at $2,745,930,000 after purchasing an additional 1,766,784 shares during the last quarter. Coatue Management LLC boosted its stake in shares of Vertiv by 19.5% in the 4th quarter. Coatue Management LLC now owns 13,811,848 shares of the company's stock valued at $663,383,000 after purchasing an additional 2,249,353 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Vertiv by 303.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company's stock valued at $390,143,000 after purchasing an additional 3,591,903 shares during the last quarter. Norges Bank bought a new position in shares of Vertiv in the 4th quarter valued at about $185,339,000. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of Vertiv in the 2nd quarter valued at about $331,091,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on VRT shares. The Goldman Sachs Group reduced their price objective on shares of Vertiv from $116.00 to $104.00 and set a "buy" rating on the stock in a research note on Thursday, July 25th. Evercore ISI reissued an "outperform" rating and set a $105.00 price objective on shares of Vertiv in a research note on Thursday, August 15th. TD Cowen lifted their price objective 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, Mizuho raised shares of Vertiv from a "neutral" rating to an "outperform" rating and cut their price target for the company from $95.00 to $92.00 in a research note on Wednesday, August 7th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vertiv currently has a consensus rating of "Buy" and a consensus price target of $102.13.

Insiders Place Their Bets

In other Vertiv news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total transaction 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 $843,254.58. The transaction 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 Stock Up 5.0 %

Shares of NYSE VRT traded up $4.40 during midday trading on Thursday, reaching $92.06. The company's stock had a trading volume of 9,006,495 shares, compared to its average volume of 8,541,398. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.90. Vertiv Holdings Co has a fifty-two week low of $34.60 and a fifty-two week high of $109.27. The stock has a market capitalization of $34.46 billion, a price-to-earnings ratio of 88.05, a PEG ratio of 1.08 and a beta of 1.58. The stock has a 50 day simple moving average of $79.41 and a 200-day simple moving average of $85.04.

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

Vertiv Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.10 dividend on an annualized basis and a yield of 0.11%. Vertiv's dividend payout ratio (DPR) is 9.62%.

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.