Vertiv Holdings Co (NYSE:VRT) Shares Acquired by Private Trust Co. NA

Private Trust Co. NA raised its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 25.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,202 shares of the company’s stock after purchasing an additional 440 shares during the period. Private Trust Co. NA’s holdings in Vertiv were worth $219,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Vertiv during the 1st quarter worth $3,018,000. LRI Investments LLC acquired a new stake in Vertiv during the first quarter worth about $48,000. Swedbank AB purchased a new position in shares of Vertiv in the 1st quarter worth about $15,852,000. Cetera Investment Advisers lifted its stake in shares of Vertiv by 513.6% in the 1st quarter. Cetera Investment Advisers now owns 57,311 shares of the company’s stock valued at $4,681,000 after purchasing an additional 47,971 shares in the last quarter. Finally, Cetera Advisors LLC grew its holdings in shares of Vertiv by 41.1% during the 1st quarter. Cetera Advisors LLC now owns 9,252 shares of the company’s stock worth $756,000 after purchasing an additional 2,695 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Activity at Vertiv

In other news, EVP Stephen Liang sold 86,619 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the completion of the transaction, the executive vice president now directly owns 19,551 shares in the company, valued at approximately $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Anand Sanghi sold 30,914 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $141.46, for a total value of $4,373,094.44. Following the completion of the sale, the insider now owns 19,448 shares in the company, valued at approximately $2,751,114.08. This represents a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 216,451 shares of company stock worth $26,699,153 in the last 90 days. 5.01% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

VRT has been the topic of several research reports. Bank of America raised their price target on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Oppenheimer lifted their target price on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Citigroup increased their price target on Vertiv from $134.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. The Goldman Sachs Group upped their target price on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. raised their target price on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $138.50.

Vertiv Stock Performance

Vertiv stock opened at $126.94 on Friday. 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 Holdings Co has a 12 month low of $41.01 and a 12 month high of $145.67. The company has a fifty day moving average price of $114.21 and a two-hundred day moving average price of $96.11. The company has a market cap of $47.65 billion, a PE ratio of 84.63, a P/E/G ratio of 1.36 and a beta of 1.58.

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

Vertiv Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. This is a boost from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, December 3rd. Vertiv’s dividend payout ratio is presently 6.67%.

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.