Blue Whale Capital LLP Makes New $93.48 Million Investment in Vertiv Holdings Co (NYSE:VRT)

Blue Whale Capital LLP bought a new position in Vertiv Holdings Co (NYSE:VRT) during the 3rd quarter, Holdings Channel.com reports. The fund bought 939,601 shares of the company’s stock, valued at approximately $93,481,000. Vertiv accounts for about 7.3% of Blue Whale Capital LLP’s investment portfolio, making the stock its 4th largest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Clearbridge Investments LLC boosted its position in 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. Whittier Trust Co. lifted its position in shares of Vertiv by 7.2% during the 3rd quarter. Whittier Trust Co. now owns 127,210 shares of the company’s stock valued at $12,656,000 after buying an additional 8,579 shares in the last quarter. Janney Capital Management LLC purchased a new position in shares of Vertiv during the 3rd quarter valued at about $8,403,000. Assenagon Asset Management S.A. lifted its position in shares of Vertiv by 190.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 55,923 shares of the company’s stock valued at $5,564,000 after buying an additional 36,684 shares in the last quarter. Finally, Entropy Technologies LP lifted its position in shares of Vertiv by 42.4% during the 3rd quarter. Entropy Technologies LP now owns 31,839 shares of the company’s stock valued at $3,168,000 after buying an additional 9,479 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on VRT. TD Cowen lifted their price objective on Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. lifted their price objective on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research report on Tuesday, November 19th. Citigroup boosted their price target on Vertiv from $134.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. UBS Group assumed coverage on Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target on the stock. Finally, Mizuho boosted their price target on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $138.50.

Vertiv Stock Performance

NYSE:VRT opened at $140.15 on Monday. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. Vertiv Holdings Co has a 1 year low of $41.01 and a 1 year high of $145.67. The stock’s 50 day simple moving average is $110.94 and its two-hundred day simple moving average is $95.18. The company has a market cap of $52.60 billion, a price-to-earnings ratio of 93.43, a PEG ratio of 1.44 and a beta of 1.58.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the company posted $0.52 EPS. The company’s revenue was up 19.0% compared to the same quarter last year. As a group, equities analysts anticipate 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. 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 represents a $0.15 annualized dividend and a dividend yield of 0.11%. This is an increase from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s payout ratio is currently 6.67%.

Insider Activity

In other news, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the transaction, the insider now owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jakki L. Haussler sold 15,347 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total value of $2,108,370.86. Following the transaction, the director now directly owns 3,425 shares in the company, 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 90 days, insiders have sold 91,185 shares of company stock valued at $10,074,936. 5.01% of the stock is currently owned by insiders.

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.