Vertiv Holdings Co (NYSE:VRT) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP boosted its stake in Vertiv Holdings Co (NYSE:VRT) by 271.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,915,446 shares of the company’s stock after acquiring an additional 2,860,181 shares during the period. Wellington Management Group LLP’s holdings in Vertiv were worth $389,548,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in VRT. Anchor Investment Management LLC acquired a new position in Vertiv in the 2nd quarter valued at about $26,000. Mather Group LLC. increased its position in 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 acquiring an additional 200 shares during the period. Krane Funds Advisors LLC acquired a new position in Vertiv in the 3rd quarter valued at about $29,000. Global Trust Asset Management LLC acquired a new position in Vertiv in the 3rd quarter valued at about $30,000. Finally, Mark Sheptoff Financial Planning LLC increased its position in Vertiv by 200.0% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insider Activity at Vertiv

In related news, EVP Stephen Liang sold 86,619 shares of the company’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 value of $11,353,152.33. Following the sale, the executive vice president now owns 19,551 shares of the company’s stock, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jan Van Dokkum sold 38,647 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $136.39, for a total value of $5,271,064.33. Following the completion of the transaction, the director now owns 25,000 shares of the company’s stock, valued at $3,409,750. This trade represents a 60.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

VRT has been the topic of several recent research reports. JPMorgan Chase & Co. boosted their price target on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research report on Tuesday, November 19th. Evercore ISI lifted their price objective on Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. TD Cowen lifted their price objective on Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. UBS Group began coverage on Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price objective on the stock. Finally, The Goldman Sachs Group lifted their price objective on Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vertiv has a consensus rating of “Buy” and a consensus target price of $138.50.

Vertiv Price Performance

Shares of NYSE:VRT opened at $133.85 on Friday. The business’s 50 day simple moving average is $118.10 and its 200-day simple moving average is $97.42. The firm has a market capitalization of $50.24 billion, a price-to-earnings ratio of 89.23, a price-to-earnings-growth ratio of 1.35 and a beta of 1.61. 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 $44.14 and a 12 month high of $145.67.

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

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be paid a $0.0375 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio is presently 6.67%.

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.