Vertiv Holdings Co (NYSE:VRT) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lessened its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 2.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 139,000 shares of the company’s stock after selling 3,400 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Vertiv were worth $13,829,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in VRT. Anchor Investment Management LLC acquired a new stake in Vertiv during the second quarter valued at approximately $26,000. Mather Group LLC. boosted its stake in shares of Vertiv by 132.5% during the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after acquiring an additional 200 shares in the last quarter. Krane Funds Advisors LLC acquired a new position in shares of Vertiv in the 3rd quarter worth $29,000. Global Trust Asset Management LLC acquired a new stake in shares of Vertiv during the third quarter worth $30,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Vertiv during the second quarter worth $34,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Price Performance

Shares of NYSE:VRT opened at $106.21 on Tuesday. The stock has a market capitalization of $39.86 billion, a P/E ratio of 70.81, a P/E/G ratio of 1.16 and a beta of 1.58. The business has a 50-day moving average of $97.48 and a two-hundred day moving average of $91.44. Vertiv Holdings Co has a fifty-two week low of $38.68 and a fifty-two week high of $116.41. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the prior year, the business earned $0.52 earnings per share. The company’s revenue was up 19.0% on a year-over-year basis. On average, equities research analysts predict that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date was Tuesday, September 17th. Vertiv’s dividend payout ratio is 6.67%.

Analyst Ratings Changes

VRT has been the subject of several recent analyst reports. Mizuho raised their target price on Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Oppenheimer raised their price target on shares of Vertiv from $115.00 to $121.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. TD Cowen upped their price objective on shares of Vertiv from $93.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Evercore ISI lifted their target price on shares of Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, The Goldman Sachs Group lowered their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $122.11.

Insider Buying and Selling at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total value of $3,593,470.76. Following the transaction, the insider now directly owns 10,542 shares in the company, valued at approximately $843,254.58. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.01% of the company’s stock.

About Vertiv

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.