Aberdeen Group plc increased its position in Vertiv Holdings Co. (NYSE:VRT – Free Report) by 5.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 229,813 shares of the company’s stock after purchasing an additional 12,221 shares during the quarter. Aberdeen Group plc owned approximately 0.06% of Vertiv worth $29,599,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the company. Amundi increased its position in Vertiv by 96.8% during the first quarter. Amundi now owns 6,951,773 shares of the company’s stock worth $469,490,000 after buying an additional 3,420,144 shares during the last quarter. 1832 Asset Management L.P. boosted its stake in shares of Vertiv by 985.3% during the 1st quarter. 1832 Asset Management L.P. now owns 2,301,700 shares of the company’s stock worth $166,183,000 after acquiring an additional 2,089,612 shares during the period. Vanguard Group Inc. increased its holdings in shares of Vertiv by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 37,715,159 shares of the company’s stock worth $2,723,034,000 after acquiring an additional 1,359,070 shares during the last quarter. Nuveen LLC bought a new stake in Vertiv in the 1st quarter valued at $77,820,000. Finally, Fred Alger Management LLC raised its stake in Vertiv by 19.6% in the 1st quarter. Fred Alger Management LLC now owns 3,496,060 shares of the company’s stock valued at $252,416,000 after acquiring an additional 572,545 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.
Vertiv Stock Up 0.1%
Shares of NYSE:VRT opened at $169.09 on Monday. The company has a fifty day moving average of $139.45 and a 200-day moving average of $116.89. The company has a market capitalization of $64.57 billion, a PE ratio of 80.90, a price-to-earnings-growth ratio of 1.48 and a beta of 1.84. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.35 and a current ratio of 1.74. Vertiv Holdings Co. has a 52-week low of $53.60 and a 52-week high of $183.11.
Vertiv Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Monday, September 15th were issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Monday, September 15th. Vertiv’s dividend payout ratio is presently 7.18%.
Insider Buying and Selling
In other Vertiv news, insider Karsten Winther sold 41,654 shares of the company’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $134.21, for a total transaction of $5,590,383.34. Following the sale, the insider owned 18,848 shares of the company’s stock, valued at approximately $2,529,590.08. This represents a 68.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jakki L. Haussler sold 15,680 shares of the company’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $123.92, for a total transaction of $1,943,065.60. Following the sale, the director directly owned 4,631 shares in the company, valued at $573,873.52. This trade represents a 77.20% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 180,952 shares of company stock valued at $23,360,571. Company insiders own 5.01% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. Glj Research initiated coverage on shares of Vertiv in a report on Tuesday, August 19th. They issued a “sell” rating and a $112.00 price objective on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Vertiv in a report on Sunday, August 10th. Citigroup increased their price target on shares of Vertiv from $167.00 to $192.00 and gave the company a “buy” rating in a report on Thursday. Oppenheimer raised their price objective on shares of Vertiv from $140.00 to $151.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Finally, Roth Capital restated a “buy” rating and set a $162.00 price objective on shares of Vertiv in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Vertiv currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.84.
Get Our Latest Stock Report on VRT
Vertiv Company 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.
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