Penserra Capital Management LLC Raises Stake in Vertiv Holdings Co (NYSE:VRT)

Penserra Capital Management LLC lifted its holdings in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 135.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,942 shares of the company's stock after buying an additional 25,844 shares during the quarter. Penserra Capital Management LLC's holdings in Vertiv were worth $4,470,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. ORG Partners LLC grew its position in shares of Vertiv by 25.1% in the third quarter. ORG Partners LLC now owns 458 shares of the company's stock valued at $46,000 after purchasing an additional 92 shares during the period. Allworth Financial LP raised its holdings in shares of Vertiv by 18.6% during the third quarter. Allworth Financial LP now owns 638 shares of the company's stock valued at $63,000 after acquiring an additional 100 shares during the last quarter. NBC Securities Inc. lifted its position 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 acquiring an additional 112 shares in the last quarter. Nvwm LLC lifted its position in shares of Vertiv by 1.3% in the third quarter. Nvwm LLC now owns 10,035 shares of the company's stock valued at $998,000 after acquiring an additional 124 shares in the last quarter. Finally, Callan Family Office LLC boosted its stake in shares of Vertiv by 0.9% in the third quarter. Callan Family Office LLC now owns 14,989 shares of the company's stock worth $1,491,000 after acquiring an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Vertiv Trading Down 5.8 %

NYSE VRT traded down $8.12 during trading hours on Monday, reaching $132.03. The company had a trading volume of 10,631,690 shares, compared to its average volume of 8,215,077. Vertiv Holdings Co has a 1-year low of $41.01 and a 1-year high of $145.67. The stock has a market capitalization of $49.56 billion, a P/E ratio of 88.02, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58. The stock has a 50-day moving average of $111.84 and a 200 day moving average of $95.42. 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 (NYSE:VRT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share 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 business had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $1.98 billion. During the same period in the previous year, the firm posted $0.52 earnings per share. The company's revenue was up 19.0% on a year-over-year basis. As a group, research analysts anticipate that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $0.0375 per share. This is an increase from Vertiv's previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, December 3rd. This represents a $0.15 annualized dividend and a yield of 0.11%. Vertiv's dividend payout ratio is 6.67%.

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Karsten Winther sold 44,924 shares of Vertiv 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 directly owns 10,542 shares of the company's stock, valued at $843,254.58. The trade was a 80.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Anand Sanghi sold 30,914 shares of the firm's stock in a transaction dated 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 position. The disclosure for this sale can be found here. Insiders have sold 91,185 shares of company stock valued at $10,074,936 in the last quarter. Corporate insiders own 5.01% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on VRT. Jefferies Financial Group assumed coverage on Vertiv in a research note on Monday, October 7th. They issued a "buy" rating and a $125.00 price objective for the company. Evercore ISI increased their target price on shares of Vertiv from $125.00 to $135.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Bank of America increased 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. Oppenheimer upped their price target on Vertiv from $121.00 to $131.00 and gave the company an "outperform" rating in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. lifted their price objective 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, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $138.50.

About Vertiv

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.