Y Intercept Hong Kong Ltd Buys 10,921 Shares of Vertiv Holdings Co. $VRT

Y Intercept Hong Kong Ltd raised its stake in shares of Vertiv Holdings Co. (NYSE:VRT) by 22.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,971 shares of the company’s stock after purchasing an additional 10,921 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Vertiv were worth $8,896,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Vertiv during the second quarter valued at about $538,132,000. Winslow Capital Management LLC bought a new stake in Vertiv during the 2nd quarter valued at approximately $459,284,000. Nordea Investment Management AB grew its holdings in shares of Vertiv by 100.1% during the 2nd quarter. Nordea Investment Management AB now owns 3,246,769 shares of the company’s stock worth $415,132,000 after acquiring an additional 1,624,456 shares during the period. SG Americas Securities LLC raised its position in shares of Vertiv by 102.7% in the 2nd quarter. SG Americas Securities LLC now owns 26,837 shares of the company’s stock worth $3,446,000 after acquiring an additional 1,026,837 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Vertiv by 20.9% in the 2nd quarter. Invesco Ltd. now owns 5,931,488 shares of the company’s stock valued at $761,662,000 after purchasing an additional 1,024,634 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on VRT. Deutsche Bank Aktiengesellschaft set a $216.00 price target on Vertiv and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Oppenheimer upped their target price on shares of Vertiv from $190.00 to $195.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Citigroup increased their price target on shares of Vertiv from $198.00 to $220.00 and gave the stock a “buy” rating in a research note on Monday, December 8th. KGI Securities raised shares of Vertiv from a “hold” rating to an “outperform” rating in a research note on Thursday, October 23rd. Finally, Cfra Research raised shares of Vertiv to a “moderate buy” rating in a research note on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $187.89.

Vertiv Stock Performance

Shares of VRT stock opened at $182.55 on Friday. The company has a market capitalization of $69.80 billion, a price-to-earnings ratio of 68.89, a price-to-earnings-growth ratio of 1.08 and a beta of 2.06. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.43 and a current ratio of 1.83. Vertiv Holdings Co. has a one year low of $53.60 and a one year high of $202.45. The company’s 50-day moving average is $170.74 and its 200 day moving average is $156.66.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, October 22nd. The company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.25. Vertiv had a net margin of 10.67% and a return on equity of 50.82%. The business had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the previous year, the company earned $0.76 earnings per share. The business’s revenue for the quarter was up 29.0% compared to the same quarter last year. Sell-side analysts expect that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Tuesday, November 25th were issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Tuesday, November 25th. This is an increase from Vertiv’s previous quarterly dividend of $0.04. Vertiv’s dividend payout ratio (DPR) is presently 9.43%.

Insider Transactions at Vertiv

In related news, EVP Stephen Liang sold 5,501 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $170.48, for a total value of $937,810.48. Following the transaction, the executive vice president directly owned 4,050 shares of the company’s stock, valued at approximately $690,444. This represents a 57.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.63% of the company’s stock.

Vertiv Profile

Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.

The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.