Vertiv Holdings Co (NYSE:VRT) Shares Sold by Swiss National Bank

Swiss National Bank lowered its holdings in Vertiv Holdings Co (NYSE:VRT - Free Report) by 1.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,055,600 shares of the company's stock after selling 18,800 shares during the period. Swiss National Bank owned approximately 0.28% of Vertiv worth $105,022,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in VRT. Price T Rowe Associates Inc. MD grew its position in shares of Vertiv by 303.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company's stock worth $390,143,000 after buying an additional 3,591,903 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in shares of Vertiv in the 2nd quarter valued at $331,091,000. Janus Henderson Group PLC lifted its position in shares of Vertiv by 17.7% during the 1st quarter. Janus Henderson Group PLC now owns 3,002,197 shares of the company's stock worth $245,189,000 after purchasing an additional 451,830 shares during the last quarter. Clearbridge Investments LLC grew its stake in shares of Vertiv by 15.4% during the second quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company's stock worth $221,013,000 after purchasing an additional 340,639 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Vertiv by 7.2% in the second quarter. Renaissance Technologies LLC now owns 2,524,112 shares of the company's stock valued at $218,512,000 after buying an additional 169,700 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Stock Performance

Shares of NYSE VRT traded up $16.68 during mid-day trading on Tuesday, hitting $139.70. 11,133,585 shares of the company were exchanged, compared to its average volume of 8,183,048. The stock has a 50 day simple moving average of $106.34 and a 200-day simple moving average of $93.93. Vertiv Holdings Co has a 1-year low of $41.01 and a 1-year high of $139.97. 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 firm has a market cap of $52.43 billion, a price-to-earnings ratio of 90.17, a price-to-earnings-growth ratio of 1.31 and a beta of 1.58.

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

Vertiv Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be paid a $0.0375 dividend. This is an increase from Vertiv's previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. Vertiv's payout ratio is 6.67%.

Insider Buying and Selling

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the business'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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.01% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Oppenheimer lifted their price target on Vertiv from $121.00 to $131.00 and gave the stock an "outperform" rating in a report on Tuesday. TD Cowen raised their price objective on shares of Vertiv from $115.00 to $141.00 and gave the stock a "buy" rating in a report on Tuesday. Mizuho boosted their price target on shares of Vertiv from $125.00 to $145.00 and gave the company an "outperform" rating in a research report on Tuesday. Bank of America raised their price objective on Vertiv from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Finally, Citigroup lifted their target price on Vertiv from $134.00 to $141.00 and gave the stock a "buy" rating in a research report on Tuesday. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus 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.