Vertiv Holdings Co (NYSE:VRT) Shares Bought by Benjamin Edwards Inc.

Benjamin Edwards Inc. lifted its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 21.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,558 shares of the company’s stock after buying an additional 448 shares during the quarter. Benjamin Edwards Inc.’s holdings in Vertiv were worth $291,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA purchased a new stake in shares of Vertiv during the fourth quarter worth approximately $597,379,000. Norges Bank acquired a new stake in Vertiv in the 4th quarter valued at about $391,777,000. Jennison Associates LLC raised its position in Vertiv by 68.6% in the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company’s stock valued at $880,971,000 after purchasing an additional 3,153,932 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Vertiv by 136.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company’s stock valued at $379,101,000 after acquiring an additional 1,928,275 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Vertiv by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company’s stock valued at $4,130,415,000 after acquiring an additional 1,244,780 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Karsten Winther sold 5,500 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $94.33, for a total transaction of $518,815.00. Following the transaction, the insider now directly owns 18,847 shares of the company’s stock, valued at $1,777,837.51. This represents a 22.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.63% of the stock is currently owned by company insiders.

Vertiv Stock Down 1.6%

Vertiv stock opened at $94.17 on Monday. Vertiv Holdings Co has a 1-year low of $53.60 and a 1-year high of $155.84. The firm has a market capitalization of $35.89 billion, a price-to-earnings ratio of 73.57, a P/E/G ratio of 1.07 and a beta of 1.70. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19. The firm has a 50 day simple moving average of $80.47 and a 200 day simple moving average of $106.22.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. Vertiv had a return on equity of 61.41% and a net margin of 6.19%. The company’s revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 earnings per share. On average, analysts predict that Vertiv Holdings Co will post 3.59 earnings per share for the current year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were given a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.16%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv’s dividend payout ratio is currently 8.72%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VRT. Melius Research reissued a “hold” rating and issued a $125.00 price target on shares of Vertiv in a report on Tuesday, January 28th. JPMorgan Chase & Co. lowered their price target on Vertiv from $132.00 to $100.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Melius cut Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a research note on Tuesday, January 28th. Citigroup reduced their price target on Vertiv from $153.00 to $98.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, Roth Capital upgraded Vertiv to a “strong-buy” rating in a research note on Monday, April 7th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.38.

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.