XTX Topco Ltd Acquires Shares of 7,812 Vertiv Holdings Co (NYSE:VRT)

XTX Topco Ltd acquired a new stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 7,812 shares of the company's stock, valued at approximately $777,000.

Several other large investors have also bought and sold shares of VRT. ORG Partners LLC grew its stake in shares of Vertiv by 25.1% during the 3rd 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 position in Vertiv by 18.6% in the third 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. boosted its stake in shares of Vertiv by 0.9% during the 3rd quarter. NBC Securities Inc. now owns 13,125 shares of the company's stock worth $1,305,000 after acquiring an additional 112 shares during the last quarter. Nvwm LLC increased its stake in shares of Vertiv by 1.3% in the 3rd quarter. Nvwm LLC now owns 10,035 shares of the company's stock worth $998,000 after purchasing an additional 124 shares in the last quarter. Finally, Callan Family Office LLC raised its holdings in Vertiv by 0.9% in the 3rd 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 period. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Trading Down 0.6 %

Shares of VRT stock traded down $0.80 during trading hours on Thursday, reaching $125.04. 3,239,808 shares of the stock were exchanged, compared to its average volume of 8,117,578. 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 12-month low of $44.31 and a 12-month high of $145.67. The firm has a market capitalization of $46.93 billion, a price-to-earnings ratio of 82.66, a price-to-earnings-growth ratio of 1.38 and a beta of 1.61. The company's 50-day moving average price is $119.59 and its 200-day moving average price is $97.88.

Vertiv (NYSE:VRT - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $0.76 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 for the quarter, compared to analysts' expectations of $1.98 billion. During the same quarter in the prior year, the firm posted $0.52 earnings per share. The company's quarterly revenue was up 19.0% on a year-over-year basis. As a group, equities analysts anticipate that Vertiv Holdings Co will post 2.69 earnings per share for the current year.

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be paid 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 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date of this dividend is Tuesday, December 3rd. Vertiv's payout ratio is currently 6.67%.

Insider Transactions at Vertiv

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the company's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the sale, the executive vice president now directly owns 19,551 shares in the company, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jan Van Dokkum sold 38,647 shares of the firm's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $136.39, for a total value of $5,271,064.33. Following the transaction, the director now owns 25,000 shares in the company, valued at approximately $3,409,750. This represents a 60.72 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on VRT. UBS Group initiated coverage on shares of Vertiv in a research note on Wednesday, November 13th. They issued a "buy" rating and a $155.00 price objective for the company. Oppenheimer boosted 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. Bank of America increased their target price on Vertiv from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Citigroup boosted their price target on Vertiv from $141.00 to $155.00 and gave the stock a "buy" rating in a report on Monday. Finally, The Goldman Sachs Group increased their price objective on shares of Vertiv from $126.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, Vertiv presently has an average rating of "Moderate Buy" and an average price target of $140.09.

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.