Swedbank AB Purchases 156,503 Shares of Vertiv Holdings Co (NYSE:VRT)

Swedbank AB raised its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 23.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 830,996 shares of the company’s stock after purchasing an additional 156,503 shares during the quarter. Swedbank AB’s holdings in Vertiv were worth $82,676,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its holdings in Vertiv by 303.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock valued at $390,143,000 after acquiring an additional 3,591,903 shares during the period. Jennison Associates LLC increased its stake in Vertiv by 10,825.0% in the third quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock worth $457,695,000 after purchasing an additional 4,558,306 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in shares of Vertiv during the second quarter worth $331,091,000. Janus Henderson Group PLC boosted its stake in shares of Vertiv by 17.7% during the first quarter. Janus Henderson Group PLC now owns 3,002,197 shares of the company’s stock valued at $245,189,000 after purchasing an additional 451,830 shares during the period. Finally, Clearbridge Investments LLC grew its holdings in shares of Vertiv by 15.4% in the second quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company’s stock worth $221,013,000 after purchasing an additional 340,639 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Vertiv Trading Down 0.9 %

Shares of NYSE VRT opened at $140.15 on Monday. The business has a fifty day moving average price of $110.94 and a 200 day moving average price of $95.18. Vertiv Holdings Co has a 1-year low of $41.01 and a 1-year high of $145.67. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The stock has a market capitalization of $52.60 billion, a P/E ratio of 93.43, a price-to-earnings-growth ratio of 1.45 and a beta of 1.58.

Vertiv (NYSE:VRT) last released its quarterly earnings results 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. The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The company’s revenue was up 19.0% compared to the same quarter last year. During the same period last year, the business earned $0.52 EPS. Equities research analysts expect that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

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

Insider Activity

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the sale, the insider now owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. The trade was a 80.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jakki L. Haussler sold 15,347 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 3,425 shares of the company’s stock, valued at approximately $470,526.50. This represents a 81.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 91,185 shares of company stock worth $10,074,936. Insiders own 5.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VRT. Citigroup lifted their price objective on shares of Vertiv from $134.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. UBS Group initiated coverage on Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target for the company. Evercore ISI raised their price objective on Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Jefferies Financial Group started coverage on Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 target price for the company. Finally, The Goldman Sachs Group raised their price target on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vertiv currently has an average rating of “Buy” and an average price target of $138.50.

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.