Insigneo Advisory Services LLC Takes Position in Vertiv Holdings Co (NYSE:VRT)

Insigneo Advisory Services LLC acquired a new stake in Vertiv Holdings Co (NYSE:VRT) during the third quarter, HoldingsChannel.com reports. The fund acquired 4,887 shares of the company’s stock, valued at approximately $486,000.

Other institutional investors also recently modified their holdings of the company. State Street Corp boosted its stake in Vertiv by 4.2% during the third quarter. State Street Corp now owns 7,635,081 shares of the company’s stock worth $759,614,000 after acquiring an additional 308,704 shares in the last quarter. Jennison Associates LLC boosted its stake in Vertiv by 10,825.0% during the third quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock worth $457,695,000 after acquiring an additional 4,558,306 shares in the last quarter. Wellington Management Group LLP boosted its stake in Vertiv by 271.0% during the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock worth $389,548,000 after acquiring an additional 2,860,181 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in Vertiv during the second quarter worth $331,091,000. Finally, Westfield Capital Management Co. LP boosted its stake in Vertiv by 1.1% during the third quarter. Westfield Capital Management Co. LP now owns 3,611,566 shares of the company’s stock worth $359,315,000 after acquiring an additional 40,696 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

VRT has been the topic of several research analyst reports. UBS Group initiated coverage on shares of Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price on the stock. TD Cowen increased their target price on shares of Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Evercore ISI raised their price objective on shares of Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. 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 report on Thursday, October 24th. Finally, Oppenheimer lifted their price objective on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, Vertiv has a consensus rating of “Buy” and a consensus target price of $138.50.

Vertiv Stock Down 0.5 %

Vertiv stock opened at $133.85 on Monday. Vertiv Holdings Co has a fifty-two week low of $44.14 and a fifty-two week high of $145.67. The stock has a market cap of $50.24 billion, a PE ratio of 89.23, a price-to-earnings-growth ratio of 1.35 and a beta of 1.61. The firm’s 50-day simple moving average is $118.10 and its 200 day simple moving average is $97.40. 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 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the previous year, the company earned $0.52 earnings per share. The firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. Research analysts predict 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. Investors of record on Tuesday, December 3rd will be issued a dividend of $0.0375 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This is a boost from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 0.11%. Vertiv’s payout ratio is 6.67%.

Insider Buying and Selling

In other Vertiv news, Director Jakki L. Haussler sold 15,347 shares of Vertiv stock in a transaction dated 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 sale, the director now owns 3,425 shares of the company’s stock, valued at approximately $470,526.50. The trade was a 81.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Stephen Liang sold 86,619 shares of Vertiv stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction 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. This represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is owned by insiders.

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.