Sumitomo Mitsui Trust Group Inc. Has $84.55 Million Stock Position in Vertiv Holdings Co (NYSE:VRT)

Sumitomo Mitsui Trust Group Inc. raised its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 13.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 849,809 shares of the company's stock after acquiring an additional 102,042 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.23% of Vertiv worth $84,547,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in VRT. ORG Partners LLC lifted its stake in shares of Vertiv by 25.1% in the third quarter. ORG Partners LLC now owns 458 shares of the company's stock worth $46,000 after acquiring an additional 92 shares in the last quarter. Allworth Financial LP increased its holdings in Vertiv by 18.6% during the 3rd quarter. Allworth Financial LP now owns 638 shares of the company's stock worth $63,000 after purchasing an additional 100 shares during the last quarter. NBC Securities Inc. raised its position in shares of Vertiv by 0.9% in the 3rd quarter. NBC Securities Inc. now owns 13,125 shares of the company's stock valued at $1,305,000 after purchasing an additional 112 shares in the last quarter. Nvwm LLC grew its position in shares of Vertiv by 1.3% during the third quarter. Nvwm LLC now owns 10,035 shares of the company's stock worth $998,000 after buying an additional 124 shares in the last quarter. Finally, Callan Family Office LLC increased its position in shares of Vertiv by 0.9% in the 3rd quarter. Callan Family Office LLC now owns 14,989 shares of the company's stock worth $1,491,000 after purchasing an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on VRT shares. Bank of America upped their price target on Vertiv from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. The Goldman Sachs Group lowered their target price 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. Mizuho increased their price objective on shares of Vertiv from $110.00 to $125.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Citigroup boosted their target price on Vertiv from $130.00 to $134.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group initiated coverage on Vertiv in a research report on Monday, October 7th. They set a "buy" rating and a $125.00 price target on the stock. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $125.40.

Insider Activity at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of the firm's 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 transaction, the insider now owns 10,542 shares in the company, valued at approximately $843,254.58. This trade represents a 80.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.01% of the company's stock.

Vertiv Trading Down 0.1 %

Shares of NYSE VRT traded down $0.17 during mid-day trading on Friday, hitting $120.86. 6,144,380 shares of the company traded hands, compared to its average volume of 8,172,390. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. Vertiv Holdings Co has a 1 year low of $41.01 and a 1 year high of $130.30. The stock has a market capitalization of $45.36 billion, a price-to-earnings ratio of 81.57, a PEG ratio of 1.35 and a beta of 1.58. The business has a 50 day moving average of $104.39 and a two-hundred day moving average of $93.49.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The firm had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $1.98 billion. During the same quarter last year, the firm earned $0.52 earnings per share. The business's revenue for the quarter was up 19.0% on a year-over-year basis. On average, sell-side analysts anticipate that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were issued a $0.025 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.10 dividend on an annualized basis and a yield of 0.08%. Vertiv's dividend payout ratio is currently 6.67%.

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.