Baldwin Investment Management LLC Acquires 9,040 Shares of Vertiv Holdings Co (NYSE:VRT)

Baldwin Investment Management LLC boosted its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 86.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,509 shares of the company’s stock after buying an additional 9,040 shares during the period. Baldwin Investment Management LLC’s holdings in Vertiv were worth $1,941,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Anchor Investment Management LLC purchased a new position in Vertiv in the second quarter valued at about $26,000. Mather Group LLC. boosted its holdings in shares of Vertiv by 132.5% in the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after buying an additional 200 shares in the last quarter. Krane Funds Advisors LLC purchased a new position in shares of Vertiv in the 3rd quarter worth approximately $29,000. Global Trust Asset Management LLC bought a new position in shares of Vertiv during the 3rd quarter worth approximately $30,000. Finally, Brooklyn Investment Group purchased a new stake in Vertiv during the third quarter valued at approximately $30,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vertiv

In other news, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the transaction, the insider now owns 19,448 shares in the company, valued at $2,751,114.08. The trade was a 61.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jakki L. Haussler sold 15,347 shares of Vertiv stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the transaction, the director now directly owns 3,425 shares in the company, valued at $470,526.50. This trade represents a 81.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 129,832 shares of company stock worth $15,346,000. Corporate insiders own 5.01% of the company’s stock.

Vertiv Trading Down 0.3 %

Shares of NYSE:VRT opened at $131.67 on Wednesday. The business has a 50 day moving average of $112.73 and a two-hundred day moving average of $95.67. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. Vertiv Holdings Co has a 12-month low of $41.01 and a 12-month high of $145.67. The company has a market capitalization of $49.42 billion, a PE ratio of 87.78, a PEG ratio of 1.36 and a beta of 1.58.

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

Vertiv Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 0.11%. This is a boost from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, December 3rd. Vertiv’s payout ratio is presently 6.67%.

Analysts Set New Price Targets

Several equities analysts have issued reports on VRT shares. Evercore ISI lifted their price target on shares of Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Jefferies Financial Group initiated coverage on Vertiv in a research note on Monday, October 7th. They set a “buy” rating and a $125.00 target price on the stock. UBS Group started coverage on Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target for the company. JPMorgan Chase & Co. boosted their price target on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 19th. Finally, Bank of America increased their price objective on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vertiv presently has an average rating of “Buy” and a consensus target price of $138.50.

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.