Tokio Marine Asset Management Co. Ltd. increased its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 319.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 12,175 shares of the company's stock after purchasing an additional 9,275 shares during the period. Tokio Marine Asset Management Co. Ltd.'s holdings in Vertiv were worth $1,211,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Anchor Investment Management LLC purchased a new position in shares of Vertiv during the second quarter worth about $26,000. Mather Group LLC. raised its stake in shares of Vertiv by 132.5% during the second quarter. Mather Group LLC. now owns 351 shares of the company's stock worth $29,000 after purchasing an additional 200 shares during the last quarter. Krane Funds Advisors LLC acquired a new stake in shares of Vertiv during the third quarter worth $29,000. Global Trust Asset Management LLC purchased a new position in Vertiv in the 3rd quarter valued at $30,000. Finally, OFI Invest Asset Management acquired a new position in Vertiv in the 2nd quarter valued at $34,000. 89.92% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
VRT has been the subject of a number of recent analyst reports. Oppenheimer raised their price objective on shares of Vertiv from $115.00 to $121.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. The Goldman Sachs Group decreased their price target on 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 upped their price objective on Vertiv from $125.00 to $135.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Mizuho raised their target price on Vertiv from $110.00 to $125.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group began coverage on shares of Vertiv in a research report on Monday, October 7th. They set a "buy" rating and a $125.00 target price on the stock. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $125.40.
Check Out Our Latest Stock Report on VRT
Vertiv Trading Down 0.1 %
Shares of NYSE:VRT traded down $0.16 during trading on Friday, reaching $120.87. The stock had a trading volume of 6,154,995 shares, 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. The stock has a market cap of $45.37 billion, a P/E ratio of 80.57, a PEG ratio of 1.35 and a beta of 1.58. The business has a fifty day moving average price of $105.37 and a 200-day moving average price of $93.67. Vertiv Holdings Co has a fifty-two week low of $41.01 and a fifty-two week high of $130.30.
Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.07. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The business's revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 EPS. As a group, analysts anticipate that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.
Vertiv Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were given a $0.025 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.10 annualized dividend and a dividend yield of 0.08%. Vertiv's dividend payout ratio is presently 6.67%.
Insider Activity at Vertiv
In other news, insider Karsten Winther sold 44,924 shares of the business's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the completion of the sale, the insider now 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 can be accessed through this link. 5.01% of the stock is owned by insiders.
Vertiv Company Profile
(
Free Report)
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.
Further Reading
Before you consider Vertiv, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vertiv wasn't on the list.
While Vertiv currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
