Robeco Institutional Asset Management B.V. Has $66.64 Million Stake in Vertiv Holdings Co (NYSE:VRT)

Robeco Institutional Asset Management B.V. raised its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 3.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 586,562 shares of the company's stock after buying an additional 21,108 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.16% of Vertiv worth $66,639,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Anchor Investment Management LLC purchased a new stake in shares of Vertiv in the 2nd quarter valued at approximately $26,000. Krane Funds Advisors LLC acquired a new stake in shares of Vertiv in the third quarter worth $29,000. Global Trust Asset Management LLC acquired a new stake in shares of Vertiv in the third quarter valued at about $30,000. Mark Sheptoff Financial Planning LLC grew its stake in shares of Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock worth $30,000 after acquiring an additional 200 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Vertiv during the third quarter worth about $30,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Vertiv Trading Up 3.8 %

NYSE VRT traded up $4.15 during trading hours on Thursday, hitting $114.61. 13,330,635 shares of the company were exchanged, compared to its average volume of 10,575,500. The stock has a market cap of $43.02 billion, a PE ratio of 76.41, a price-to-earnings-growth ratio of 1.16 and a beta of 1.63. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The stock has a 50-day moving average price of $126.63 and a 200 day moving average price of $105.75. Vertiv Holdings Co has a 52 week low of $55.00 and a 52 week high of $155.84.

Vertiv Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd were issued a $0.0375 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $0.15 annualized dividend and a dividend yield of 0.13%. This is a positive change from Vertiv's previous quarterly dividend of $0.03. Vertiv's payout ratio is currently 6.67%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on VRT. Morgan Stanley initiated coverage on Vertiv in a research note on Monday, January 6th. They issued an "overweight" rating and a $150.00 price objective on the stock. Bank of America increased their target price on shares of Vertiv from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Evercore ISI lowered their target price on Vertiv from $150.00 to $145.00 and set an "outperform" rating for the company in a research note on Friday, January 17th. The Goldman Sachs Group upped their price objective on Vertiv from $126.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Finally, Citigroup lifted their target price on Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Vertiv presently has a consensus rating of "Moderate Buy" and an average price target of $139.36.

Insider Activity at Vertiv

In other news, insider Anand Sanghi sold 30,914 shares of the business's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the completion of the sale, the insider now owns 19,448 shares of the company's stock, valued at $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jakki L. Haussler sold 15,347 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total value of $2,108,370.86. Following the completion of the transaction, the director now directly owns 3,425 shares of the company's stock, valued at approximately $470,526.50. This represents a 81.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 171,527 shares of company stock valued at $23,105,682 over the last quarter. 5.01% of the stock is owned by corporate insiders.

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.