Swiss National Bank Sells 18,800 Shares of Vertiv Holdings Co (NYSE:VRT)

Swiss National Bank trimmed its position in shares of Vertiv Holdings Co (NYSE:VRT) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,055,600 shares of the company’s stock after selling 18,800 shares during the period. Swiss National Bank owned 0.28% of Vertiv worth $105,022,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. US Bancorp DE lifted its holdings in Vertiv by 25.7% in the 1st quarter. US Bancorp DE now owns 14,412 shares of the company’s stock worth $1,177,000 after purchasing an additional 2,951 shares in the last quarter. Blair William & Co. IL bought a new stake in shares of Vertiv during the first quarter valued at approximately $284,000. Acadian Asset Management LLC raised its position in shares of Vertiv by 1,019.3% during the first quarter. Acadian Asset Management LLC now owns 4,007 shares of the company’s stock valued at $326,000 after buying an additional 3,649 shares during the last quarter. Covestor Ltd raised its position in shares of Vertiv by 31.4% during the first quarter. Covestor Ltd now owns 1,826 shares of the company’s stock valued at $149,000 after buying an additional 436 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in shares of Vertiv by 37.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 11,535 shares of the company’s stock valued at $942,000 after buying an additional 3,114 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Karsten Winther sold 44,924 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 10,542 shares in the company, valued at $843,254.58. This represents a 80.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 5.01% of the company’s stock.

Vertiv Stock Performance

VRT stock opened at $123.05 on Tuesday. The firm has a market cap of $46.19 billion, a price-to-earnings ratio of 82.03, a PEG ratio of 1.31 and a beta of 1.58. The firm has a 50-day simple moving average of $106.34 and a two-hundred day simple moving average of $93.93. Vertiv Holdings Co has a one year low of $41.01 and a one year high of $130.30. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.69 by $0.07. The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The company’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.52 earnings per share. On average, equities analysts forecast that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio is presently 6.67%.

Analyst Ratings Changes

Several research firms have recently issued reports on VRT. UBS Group began coverage on shares of Vertiv in a research report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price objective on the stock. Bank of America lifted their price objective on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Evercore ISI lifted their price objective 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. Citigroup raised their target price on shares of Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Mizuho raised their target price on shares of Vertiv from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vertiv presently has an average rating of “Buy” and an average target price of $125.40.

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.