Raiffeisen Bank International AG Acquires Shares of 351,400 Vertiv Holdings Co (NYSE:VRT)

Raiffeisen Bank International AG purchased a new position in Vertiv Holdings Co (NYSE:VRT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 351,400 shares of the company’s stock, valued at approximately $40,819,000.

Other hedge funds have also bought and sold shares of the company. Foundations Investment Advisors LLC raised its position in shares of Vertiv by 7.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company’s stock worth $21,076,000 after purchasing an additional 13,559 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Vertiv by 67.0% in the fourth quarter. Empowered Funds LLC now owns 9,180 shares of the company’s stock worth $1,043,000 after purchasing an additional 3,682 shares during the last quarter. Register Financial Advisors LLC bought a new position in shares of Vertiv during the fourth quarter valued at $217,000. Ibex Wealth Advisors bought a new stake in Vertiv in the 4th quarter worth about $7,583,000. Finally, PFG Investments LLC purchased a new position in Vertiv in the 4th quarter worth about $617,000. Institutional investors own 89.92% of the company’s stock.

Insider Transactions at Vertiv

In other news, insider Karsten Winther sold 5,500 shares of the business’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $94.33, for a total value of $518,815.00. Following the completion of the transaction, the insider now directly owns 18,847 shares of the company’s stock, valued at $1,777,837.51. The trade was a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 5.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VRT. The Goldman Sachs Group lowered their price target on Vertiv from $135.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Roth Mkm initiated coverage on shares of Vertiv in a research note on Tuesday, April 8th. They set a “buy” rating and a $75.00 target price on the stock. Melius Research restated a “hold” rating and set a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a report on Tuesday, January 28th. Finally, Cowen reaffirmed a “buy” rating on shares of Vertiv in a research note on Thursday, April 24th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Vertiv currently has a consensus rating of “Moderate Buy” and an average price target of $120.38.

Vertiv Price Performance

Vertiv stock opened at $109.13 on Thursday. The stock has a market cap of $41.59 billion, a P/E ratio of 85.26, a PEG ratio of 1.07 and a beta of 1.70. Vertiv Holdings Co has a 12-month low of $53.60 and a 12-month high of $155.84. The company has a 50-day moving average price of $81.68 and a 200 day moving average price of $106.15. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The company’s revenue was up 24.2% on a year-over-year basis. During the same period last year, the business earned $0.43 EPS. Sell-side analysts anticipate that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.14%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv’s payout ratio is 8.72%.

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.