64,859 Shares in Vertiv Holdings Co (NYSE:VRT) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 64,859 shares of the company's stock, valued at approximately $6,453,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. ORG Partners LLC grew its position in shares of Vertiv by 25.1% during the 3rd 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 lifted its stake 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 purchasing an additional 100 shares during the last quarter. NBC Securities Inc. lifted 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 purchasing an additional 112 shares during the last quarter. Nvwm LLC lifted its stake in shares of Vertiv by 1.3% during the 3rd 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 lifted its stake in shares of Vertiv by 0.9% during 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 last quarter. Institutional investors own 89.92% of the company's stock.

Vertiv Stock Performance

Shares of NYSE:VRT traded down $7.64 during trading on Monday, hitting $126.21. The stock had a trading volume of 8,954,103 shares, compared to its average volume of 8,160,417. Vertiv Holdings Co has a 12-month low of $44.31 and a 12-month high of $145.67. The stock has a market capitalization of $47.37 billion, a price-to-earnings ratio of 84.14, a price-to-earnings-growth ratio of 1.38 and a beta of 1.61. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The stock has a 50-day simple moving average of $118.10 and a two-hundred day simple moving average of $97.40.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share (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 analysts' expectations of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The company's revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period last year, the business posted $0.52 earnings per share. On average, equities research analysts expect that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal 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 issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.12%. This is a positive change from Vertiv's previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, December 3rd. Vertiv's dividend payout ratio (DPR) is 6.67%.

Insider Buying and Selling

In other Vertiv news, Director Jan Van Dokkum sold 38,647 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $136.39, for a total value of $5,271,064.33. Following the sale, the director now directly owns 25,000 shares of the company's stock, valued at approximately $3,409,750. This trade represents a 60.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the firm's 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 completion of the sale, the executive vice president now directly owns 19,551 shares in the company, valued at approximately $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 171,527 shares of company stock valued at $23,105,682 over the last ninety days. Company insiders own 5.01% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. TD Cowen upped their price objective on Vertiv from $115.00 to $141.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Jefferies Financial Group assumed coverage on Vertiv in a research note on Monday, October 7th. They set a "buy" rating and a $125.00 price objective for the company. The Goldman Sachs Group upped their price objective on Vertiv from $126.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Oppenheimer increased their price target on Vertiv from $121.00 to $131.00 and gave the company an "outperform" rating in a research note on Tuesday, November 19th. Finally, Bank of America increased their price target on Vertiv from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $139.90.

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.