Vertiv Holdings Co (NYSE:VRT) Shares Purchased by Whittier Trust Co.

Whittier Trust Co. increased its position in shares of Vertiv Holdings Co (NYSE:VRT) by 47.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 118,631 shares of the company’s stock after acquiring an additional 38,401 shares during the period. Whittier Trust Co.’s holdings in Vertiv were worth $10,269,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. abrdn plc increased its stake in Vertiv by 56.0% in the 4th quarter. abrdn plc now owns 75,424 shares of the company’s stock worth $3,623,000 after purchasing an additional 27,087 shares in the last quarter. CWM LLC increased its stake in Vertiv by 64.1% in the 4th quarter. CWM LLC now owns 6,941 shares of the company’s stock worth $333,000 after purchasing an additional 2,710 shares in the last quarter. GAMMA Investing LLC purchased a new position in Vertiv in the 4th quarter worth about $26,000. Atria Wealth Solutions Inc. purchased a new position in Vertiv in the 4th quarter worth about $867,000. Finally, Truist Financial Corp boosted its position in Vertiv by 94.2% during the 4th quarter. Truist Financial Corp now owns 72,752 shares of the company’s stock worth $3,494,000 after acquiring an additional 35,286 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VRT has been the subject of a number of research reports. Bank of America raised their price objective on Vertiv from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. The Goldman Sachs Group decreased their price objective on Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Evercore ISI restated an “outperform” rating and set a $105.00 price objective on shares of Vertiv in a research report on Thursday, August 15th. TD Cowen lifted their price target on Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Finally, Mizuho upgraded Vertiv from a “neutral” rating to an “outperform” rating and reduced their price target for the company from $95.00 to $92.00 in a report on Wednesday, August 7th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $96.22.

Vertiv Stock Performance

NYSE VRT traded up $1.48 during trading on Thursday, hitting $82.00. The company’s stock had a trading volume of 3,230,320 shares, compared to its average volume of 8,635,131. The company has a quick ratio of 0.98, a current ratio of 1.36 and a debt-to-equity ratio of 1.90. The firm has a 50 day moving average price of $82.30 and a 200 day moving average price of $83.30. The firm has a market cap of $30.70 billion, a P/E ratio of 78.97, a price-to-earnings-growth ratio of 0.97 and a beta of 1.58. Vertiv Holdings Co has a 52 week low of $34.60 and a 52 week high of $109.27.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.57 by $0.10. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 EPS. Equities research analysts forecast that Vertiv Holdings Co will post 2.58 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Monday, June 17th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date was Monday, June 17th. Vertiv’s dividend payout ratio is presently 9.62%.

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.