TT International Asset Management LTD Reduces Holdings in Vertiv Holdings Co (NYSE:VRT)

TT International Asset Management LTD cut its holdings in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 30.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,833 shares of the company's stock after selling 15,265 shares during the quarter. Vertiv comprises 0.6% of TT International Asset Management LTD's investment portfolio, making the stock its 20th biggest position. TT International Asset Management LTD's holdings in Vertiv were worth $3,957,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. State Street Corp grew its holdings in shares of Vertiv by 4.2% in the third quarter. State Street Corp now owns 7,635,081 shares of the company's stock valued at $759,614,000 after purchasing an additional 308,704 shares during the period. Geode Capital Management LLC boosted its holdings in Vertiv by 7.4% in the 3rd quarter. Geode Capital Management LLC now owns 5,951,784 shares of the company's stock valued at $592,433,000 after purchasing an additional 408,054 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Vertiv by 10,825.0% in the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company's stock valued at $457,695,000 after buying an additional 4,558,306 shares during the period. Wellington Management Group LLP increased its holdings in shares of Vertiv by 271.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company's stock worth $389,548,000 after buying an additional 2,860,181 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new stake in shares of Vertiv during the 2nd quarter valued at approximately $331,091,000. Hedge funds and other institutional investors own 89.92% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on VRT. Oppenheimer increased their price objective on Vertiv from $121.00 to $131.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 19th. Fox Advisors began coverage on Vertiv in a report on Monday, January 6th. They set an "equal weight" rating for the company. Citigroup boosted their price objective on shares of Vertiv from $141.00 to $155.00 and gave the company a "buy" rating in a report on Monday, December 9th. The Goldman Sachs Group increased their target price on shares of Vertiv from $126.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Finally, UBS Group initiated coverage on shares of Vertiv in a research report on Wednesday, November 13th. They set a "buy" rating and a $155.00 price target for the company. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $140.92.

Vertiv Stock Down 3.8 %

Vertiv stock traded down $4.87 during mid-day trading on Monday, reaching $124.06. 6,850,621 shares of the company's stock were exchanged, compared to its average volume of 6,517,258. The company has a fifty day moving average of $124.74 and a 200-day moving average of $102.19. The company has a market cap of $46.56 billion, a P/E ratio of 82.71, a P/E/G ratio of 1.29 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. Vertiv Holdings Co has a twelve month low of $48.86 and a twelve month high of $145.67.

Vertiv (NYSE:VRT - Get Free Report) last released its earnings results 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 analyst estimates of $1.98 billion. During the same period last year, the business posted $0.52 earnings per share. Vertiv's revenue was up 19.0% compared to the same quarter last year. Sell-side analysts expect that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd were paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. This is a positive change from Vertiv's previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. Vertiv's dividend payout ratio is presently 6.67%.

Insider Activity at Vertiv

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the firm's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value of $4,373,094.44. Following the sale, the insider now directly owns 19,448 shares in the company, valued at $2,751,114.08. This trade represents a 61.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jan Van Dokkum sold 38,647 shares of the company's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $136.39, for a total value of $5,271,064.33. Following the transaction, the director now directly owns 25,000 shares of the company's stock, valued at approximately $3,409,750. This represents a 60.72 % 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 90 days. 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.