Lbp Am Sa Invests $3.70 Million in Vertiv Holdings Co (NYSE:VRT)

Lbp Am Sa purchased a new position in shares of Vertiv Holdings Co (NYSE:VRT) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 45,293 shares of the company’s stock, valued at approximately $3,699,000.

A number of other hedge funds have also recently added to or reduced their stakes in VRT. Norges Bank acquired a new stake in shares of Vertiv in the 4th quarter valued at approximately $185,339,000. Price T Rowe Associates Inc. MD lifted its holdings in Vertiv by 303.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock valued at $390,143,000 after acquiring an additional 3,591,903 shares during the period. Coatue Management LLC grew its stake in shares of Vertiv by 19.5% during the 4th quarter. Coatue Management LLC now owns 13,811,848 shares of the company’s stock worth $663,383,000 after purchasing an additional 2,249,353 shares during the period. Vanguard Group Inc. increased its holdings in shares of Vertiv by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company’s stock valued at $2,745,930,000 after purchasing an additional 1,766,784 shares in the last quarter. Finally, Castle Hook Partners LP purchased a new position in shares of Vertiv in the 1st quarter valued at about $135,987,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Performance

Shares of VRT traded down $4.70 during mid-day trading on Thursday, hitting $74.00. The stock had a trading volume of 10,446,002 shares, compared to its average volume of 8,713,570. The company has a quick ratio of 0.98, a current ratio of 1.36 and a debt-to-equity ratio of 1.90. The company has a market cap of $27.70 billion, a PE ratio of 71.96, a PEG ratio of 0.95 and a beta of 1.58. Vertiv Holdings Co has a fifty-two week low of $31.57 and a fifty-two week high of $109.27. The company’s fifty day simple moving average is $90.52 and its two-hundred day simple moving average is $80.54.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.10. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the firm earned $0.46 earnings per share. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. On average, equities analysts expect that Vertiv Holdings Co will post 2.58 earnings per share for the current year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Monday, June 17th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.14%. The ex-dividend date was Monday, June 17th. Vertiv’s dividend payout ratio (DPR) is 9.62%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on VRT shares. TD Cowen boosted their price objective on shares of Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Oppenheimer boosted their target price on Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Evercore ISI upped their target price on Vertiv from $95.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, June 14th. JPMorgan Chase & Co. raised their target price on Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Finally, The Goldman Sachs Group decreased their price target on Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, July 25th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.56.

Insider Transactions at Vertiv

In other Vertiv news, Director Doherty Philip O’ sold 9,529 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $109.30, for a total transaction of $1,041,519.70. Following the completion of the transaction, the director now directly owns 6,882,859 shares of the company’s stock, valued at approximately $752,296,488.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Anders Karlborg sold 46,206 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $93.75, for a total value of $4,331,812.50. Following the completion of the transaction, the executive vice president now owns 23,003 shares in the company, valued at approximately $2,156,531.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Doherty Philip O’ sold 9,529 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $109.30, for a total value of $1,041,519.70. Following the completion of the sale, the director now owns 6,882,859 shares of the company’s stock, valued at $752,296,488.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,162,739 shares of company stock worth $119,773,814. Insiders own 5.01% of the company’s stock.

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.