KBC Group NV Purchases 68,190 Shares of Vertiv Holdings Co (NYSE:VRT)

KBC Group NV increased its position in Vertiv Holdings Co (NYSE:VRT) by 88.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 145,122 shares of the company’s stock after purchasing an additional 68,190 shares during the quarter. KBC Group NV’s holdings in Vertiv were worth $16,487,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Jennison Associates LLC grew its position in Vertiv by 10,825.0% in the third quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock valued at $457,695,000 after acquiring an additional 4,558,306 shares during the period. Wellington Management Group LLP boosted its stake in Vertiv by 271.0% in the third quarter. Wellington Management Group LLP now owns 3,915,446 shares of the company’s stock worth $389,548,000 after purchasing an additional 2,860,181 shares in the last quarter. Castle Hook Partners LP lifted its position in Vertiv by 215.6% during the 3rd quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock worth $185,492,000 after buying an additional 1,273,746 shares in the last quarter. Whale Rock Capital Management LLC bought a new position in shares of Vertiv in the third quarter worth about $110,517,000. Finally, Blue Whale Capital LLP acquired a new position in shares of Vertiv during the third quarter worth approximately $93,481,000. 89.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Bank of America upped 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. UBS Group began coverage on shares of Vertiv in a report on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price for the company. Melius downgraded Vertiv from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a research note on Tuesday. Fox Advisors initiated coverage on shares of Vertiv in a research report on Monday, January 6th. They issued an “equal weight” rating on the stock. Finally, Oppenheimer boosted their target price on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Vertiv has a consensus rating of “Moderate Buy” and a consensus target price of $139.36.

Vertiv Stock Up 3.4 %

Shares of VRT stock opened at $106.14 on Wednesday. The firm’s fifty day moving average price is $127.86 and its two-hundred day moving average price is $105.60. Vertiv Holdings Co has a 1 year low of $53.30 and a 1 year high of $155.84. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $39.84 billion, a P/E ratio of 70.76, a PEG ratio of 1.16 and a beta of 1.63.

Vertiv Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were paid a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 0.14%. This is an increase from Vertiv’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, December 3rd. Vertiv’s dividend payout ratio (DPR) is currently 6.67%.

Insider Buying and Selling

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 19,448 shares in the company, valued at $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the stock in a transaction dated Tuesday, November 26th. The shares were 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. This represents a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 171,527 shares of company stock worth $23,105,682. Insiders own 5.01% of the company’s stock.

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.