152,451 Shares in Vertiv Holdings Co (NYSE:VRT) Purchased by M&G Plc

M&G Plc acquired a new position in Vertiv Holdings Co (NYSE:VRT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 152,451 shares of the company’s stock, valued at approximately $15,093,000.

A number of other hedge funds have also recently modified their holdings of the business. Clearbridge Investments LLC grew its position in Vertiv by 15.4% in the 2nd quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company’s stock valued at $221,013,000 after acquiring an additional 340,639 shares during the last quarter. Whittier Trust Co. boosted its stake in shares of Vertiv by 7.2% during the third quarter. Whittier Trust Co. now owns 127,210 shares of the company’s stock valued at $12,656,000 after purchasing an additional 8,579 shares during the period. Janney Capital Management LLC bought a new position in shares of Vertiv in the third quarter worth about $8,403,000. Assenagon Asset Management S.A. increased its stake in Vertiv by 190.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 55,923 shares of the company’s stock worth $5,564,000 after buying an additional 36,684 shares during the period. Finally, Generate Investment Management Ltd lifted its holdings in Vertiv by 180.8% during the 3rd quarter. Generate Investment Management Ltd now owns 598,372 shares of the company’s stock valued at $59,532,000 after buying an additional 385,251 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Insider Activity at Vertiv

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the firm’s 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 completion of the sale, the insider now owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.01% of the stock is currently owned by corporate insiders.

Vertiv Stock Performance

VRT stock opened at $122.17 on Friday. Vertiv Holdings Co has a one year low of $39.51 and a one year high of $124.86. The firm has a market cap of $45.86 billion, a price-to-earnings ratio of 81.45, a PEG ratio of 1.15 and a beta of 1.58. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. The firm has a 50-day simple moving average of $98.93 and a two-hundred day simple moving average of $91.90.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07. The firm 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%. Vertiv’s revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.52 EPS. On average, equities analysts forecast that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were paid a dividend of $0.025 per share. The ex-dividend date was Tuesday, September 17th. This represents a $0.10 annualized dividend and a yield of 0.08%. Vertiv’s dividend payout ratio (DPR) is 6.67%.

Analyst Ratings Changes

VRT has been the topic of a number of research analyst reports. TD Cowen upped their target price on shares of Vertiv from $93.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Bank of America raised their price objective on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Evercore ISI upped their target price on Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. The Goldman Sachs Group dropped their price target on Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Finally, Citigroup lifted their price objective on Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $122.11.

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.