Vertiv Holdings Co (NYSE:VRT) Shares Purchased by TT International Asset Management LTD

TT International Asset Management LTD lifted its holdings in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 746.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,098 shares of the company's stock after purchasing an additional 44,180 shares during the period. Vertiv comprises approximately 0.6% of TT International Asset Management LTD's investment portfolio, making the stock its 26th largest holding. TT International Asset Management LTD's holdings in Vertiv were worth $4,984,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Anchor Investment Management LLC bought a new stake in shares of Vertiv during the second quarter valued at about $26,000. Krane Funds Advisors LLC purchased a new position in shares of Vertiv during the third quarter worth about $29,000. Global Trust Asset Management LLC purchased a new position in shares of Vertiv during the third quarter worth about $30,000. Mark Sheptoff Financial Planning LLC boosted its stake in Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company's stock worth $30,000 after buying an additional 200 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in Vertiv in the third quarter worth approximately $30,000. 89.92% of the stock is currently owned by institutional investors.

Insider Activity at Vertiv

In other Vertiv news, Director Jakki L. Haussler sold 15,347 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the transaction, the director now owns 3,425 shares in the company, valued at approximately $470,526.50. This represents a 81.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the transaction, the executive vice president now directly owns 19,551 shares of the company's stock, valued at $2,562,549.57. The trade was a 81.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 171,527 shares of company stock valued at $23,105,682 in the last ninety days. Corporate insiders own 5.01% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on VRT shares. The Goldman Sachs Group boosted their price objective on Vertiv from $126.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Evercore ISI increased their price objective on Vertiv from $125.00 to $135.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Oppenheimer increased their price objective on Vertiv from $121.00 to $131.00 and gave the company an "outperform" rating in a research report on Tuesday, November 19th. UBS Group started 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, JPMorgan Chase & Co. raised their target price on Vertiv from $124.00 to $132.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 19th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vertiv currently has a consensus rating of "Buy" and a consensus price target of $139.90.

Vertiv Stock Up 4.2 %

NYSE VRT traded up $5.10 on Wednesday, reaching $126.80. 2,895,898 shares of the stock traded hands, compared to its average volume of 8,131,841. 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 fifty day moving average price of $119.12 and a 200-day moving average price of $97.69. The company has a market cap of $47.59 billion, a price-to-earnings ratio of 83.37, a PEG ratio of 1.38 and a beta of 1.61. Vertiv Holdings Co has a 12 month low of $44.31 and a 12 month high of $145.67.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07. The firm had revenue of $2.07 billion during 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 period in the previous year, the company posted $0.52 EPS. As a group, research analysts forecast that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

The firm 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 dividend of $0.0375 per share. This is a positive change from Vertiv's previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 0.12%. The ex-dividend date is Tuesday, December 3rd. Vertiv's dividend payout ratio is currently 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.