Vertiv Holdings Co (NYSE:VRT) Stock Position Increased by KBC Group NV

KBC Group NV increased its stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 46.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,932 shares of the company's stock after acquiring an additional 24,526 shares during the period. KBC Group NV's holdings in Vertiv were worth $7,654,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. ORG Partners LLC lifted its position in Vertiv by 25.1% during the third quarter. ORG Partners LLC now owns 458 shares of the company's stock worth $46,000 after buying an additional 92 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Vertiv by 18.6% during the 3rd quarter. Allworth Financial LP now owns 638 shares of the company's stock worth $63,000 after acquiring an additional 100 shares during the period. NBC Securities Inc. grew its holdings in shares of Vertiv by 0.9% in the third 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 during the period. Nvwm LLC increased its position in Vertiv by 1.3% during the third quarter. Nvwm LLC now owns 10,035 shares of the company's stock worth $998,000 after purchasing an additional 124 shares during the last quarter. Finally, Callan Family Office LLC increased its position in Vertiv by 0.9% during the third 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. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. TD Cowen upped their price target on Vertiv from $93.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Oppenheimer upped their target price 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. Bank of America lifted their price target on shares of 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 decreased their price objective on shares of Vertiv from $116.00 to $104.00 and set a "buy" rating on the stock in a report on Thursday, July 25th. Finally, UBS Group started coverage on shares of Vertiv in a report on Wednesday. They issued a "buy" rating and a $155.00 target price for the company. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Vertiv presently has an average rating of "Buy" and an average target price of $125.40.

Insider Buying and Selling at Vertiv

In related news, insider Karsten Winther sold 44,924 shares of the business's stock in a transaction dated 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 completion of the sale, the insider now owns 10,542 shares of the company's stock, valued at $843,254.58. This represents a 80.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.01% of the stock is currently owned by insiders.

Vertiv Stock Down 0.1 %

Shares of NYSE:VRT traded down $0.16 during trading on Friday, hitting $120.87. The company's stock had a trading volume of 6,154,995 shares, compared to its average volume of 6,357,558. Vertiv Holdings Co has a fifty-two week low of $41.01 and a fifty-two week high of $130.30. The stock's 50-day moving average price is $105.37 and its two-hundred day moving average price is $93.68. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. The company has a market capitalization of $45.37 billion, a PE ratio of 80.58, a PEG ratio of 1.31 and a beta of 1.58.

Vertiv (NYSE:VRT - Get Free Report) last released 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. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the company earned $0.52 earnings per share. The business's quarterly revenue was up 19.0% compared to the same quarter last year. As a group, sell-side analysts expect that Vertiv Holdings Co will post 2.69 EPS for the current 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. This represents a $0.10 annualized dividend and a yield of 0.08%. The ex-dividend date of this dividend was Tuesday, September 17th. 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.