Vertiv Holdings Co (NYSE:VRT) Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lessened its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 12.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 108,005 shares of the company's stock after selling 14,961 shares during the period. Vaughan Nelson Investment Management L.P.'s holdings in Vertiv were worth $10,745,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Natixis Advisors LLC boosted its holdings in Vertiv by 59.2% in the 3rd quarter. Natixis Advisors LLC now owns 128,451 shares of the company's stock valued at $12,779,000 after purchasing an additional 47,748 shares during the last quarter. Mizuho Markets Americas LLC purchased a new position in Vertiv in the third quarter worth approximately $444,000. KCM Investment Advisors LLC increased its stake in Vertiv by 19.0% during the third quarter. KCM Investment Advisors LLC now owns 28,730 shares of the company's stock worth $2,858,000 after acquiring an additional 4,595 shares during the last quarter. Empowered Funds LLC raised its position in Vertiv by 6.5% in the third quarter. Empowered Funds LLC now owns 5,498 shares of the company's stock valued at $547,000 after purchasing an additional 335 shares during the period. Finally, CIBC Asset Management Inc lifted its stake in shares of Vertiv by 5.4% in the 3rd quarter. CIBC Asset Management Inc now owns 13,461 shares of the company's stock valued at $1,339,000 after purchasing an additional 691 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on VRT shares. Bank of America boosted their price objective on shares of Vertiv from $130.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Citigroup boosted their price target on shares of Vertiv from $130.00 to $134.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Oppenheimer increased their price objective on shares of Vertiv from $115.00 to $121.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. UBS Group assumed coverage on Vertiv in a research report on Wednesday, November 13th. They issued a "buy" rating and a $155.00 target price on the stock. Finally, TD Cowen boosted their price objective on Vertiv from $93.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $125.40.

Insiders Place Their Bets

In related news, insider Karsten Winther sold 44,924 shares of the firm's stock in a transaction that occurred on 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 transaction, the insider now owns 10,542 shares in the company, valued at $843,254.58. This trade represents a 80.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 5.01% of the company's stock.

Vertiv Stock Up 1.8 %

NYSE:VRT traded up $2.18 during mid-day trading on Monday, hitting $123.05. The stock had a trading volume of 7,583,950 shares, compared to its average volume of 8,169,796. The company has a market capitalization of $46.19 billion, a PE ratio of 82.01, a PEG ratio of 1.31 and a beta of 1.58. The stock has a 50-day simple moving average of $105.37 and a two-hundred day simple moving average of $93.71. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. Vertiv Holdings Co has a twelve month low of $41.01 and a twelve month high of $130.30.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.07. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.52 EPS. On average, equities research analysts anticipate that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. This is an increase from Vertiv's previous quarterly dividend of $0.03. Vertiv's dividend payout ratio (DPR) is 6.67%.

Vertiv Company 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.