3,559 Shares in Vertiv Holdings Co (NYSE:VRT) Acquired by Waddell & Associates LLC

Waddell & Associates LLC purchased a new stake in Vertiv Holdings Co (NYSE:VRT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,559 shares of the company’s stock, valued at approximately $354,000.

A number of other institutional investors have also recently bought and sold shares of the business. Jennison Associates LLC grew its holdings in Vertiv by 10,825.0% in the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock valued at $457,695,000 after buying an additional 4,558,306 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in Vertiv in the 2nd quarter valued at $331,091,000. Price T Rowe Associates Inc. MD raised its holdings in Vertiv by 303.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock worth $390,143,000 after purchasing an additional 3,591,903 shares during the last quarter. Swedbank AB raised its position in shares of Vertiv by 247.5% during the 2nd quarter. Swedbank AB now owns 674,493 shares of the company’s stock valued at $58,391,000 after acquiring an additional 480,394 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in Vertiv by 17.7% in the first quarter. Janus Henderson Group PLC now owns 3,002,197 shares of the company’s stock valued at $245,189,000 after purchasing an additional 451,830 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jakki L. Haussler sold 15,347 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total value of $2,108,370.86. Following the completion of the transaction, the director now owns 3,425 shares in the company, valued at $470,526.50. This represents a 81.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 91,185 shares of company stock worth $10,074,936. Insiders own 5.01% of the company’s stock.

Vertiv Trading Down 0.9 %

Shares of VRT stock opened at $140.15 on Friday. The company has a market cap of $52.60 billion, a P/E ratio of 93.43, a PEG ratio of 1.45 and a beta of 1.58. Vertiv Holdings Co has a fifty-two week low of $41.01 and a fifty-two week high of $145.67. The stock has a 50 day simple moving average of $110.94 and a two-hundred day simple moving average of $95.19. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38.

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

Vertiv Increases Dividend

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

Analysts Set New Price Targets

Several analysts recently commented on the company. Evercore ISI raised their price objective on Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Citigroup increased their target price on shares of Vertiv from $134.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday. Mizuho raised their target price on shares of Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday. JPMorgan Chase & Co. upped their price objective on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Bank of America increased their target price on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vertiv has an average rating of “Buy” and an average price target of $138.50.

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.