DekaBank Deutsche Girozentrale Has $41.72 Million Stake in Vertiv Holdings Co. (NYSE:VRT)

DekaBank Deutsche Girozentrale reduced its holdings in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 6.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 600,938 shares of the company's stock after selling 43,916 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.16% of Vertiv worth $41,715,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. North Star Investment Management Corp. lifted its stake in Vertiv by 4,120.0% during the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock worth $30,000 after purchasing an additional 412 shares during the period. Colonial Trust Co SC raised its position in shares of Vertiv by 211.9% during the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company's stock valued at $36,000 after acquiring an additional 214 shares during the last quarter. Ameriflex Group Inc. bought a new stake in shares of Vertiv in the 4th quarter valued at $37,000. TD Private Client Wealth LLC increased its holdings in Vertiv by 37.5% during the 1st quarter. TD Private Client Wealth LLC now owns 510 shares of the company's stock worth $37,000 after purchasing an additional 139 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. acquired a new position in shares of Vertiv during the 1st quarter worth about $43,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Price Performance

NYSE:VRT traded up $2.54 during mid-day trading on Wednesday, reaching $128.43. The stock had a trading volume of 4,900,546 shares, compared to its average volume of 8,530,152. The stock has a 50-day simple moving average of $110.86 and a two-hundred day simple moving average of $103.53. The stock has a market capitalization of $48.95 billion, a PE ratio of 74.67, a P/E/G ratio of 1.25 and a beta of 1.75. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.72 and a quick ratio of 1.28. Vertiv Holdings Co. has a 12 month low of $53.60 and a 12 month high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. The business had revenue of $2.04 billion for the quarter, compared to analysts' expectations of $1.94 billion. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. The firm's quarterly revenue was up 24.2% compared to the same quarter last year. During the same period last year, the firm posted $0.43 earnings per share. On average, equities analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current year.

Vertiv Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were paid a dividend of $0.0375 per share. This represents a dividend yield of 0.14%. The ex-dividend date of this dividend was Monday, June 16th. This is a boost from Vertiv's previous dividend of $0.01. Vertiv's payout ratio is presently 8.72%.

Insiders Place Their Bets

In other Vertiv news, insider Karsten Winther sold 5,500 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the sale, the insider owned 18,847 shares of the company's stock, valued at approximately $1,777,837.51. The trade was a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Stephen Liang sold 43,683 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the completion of the sale, the executive vice president directly owned 9,551 shares in the company, valued at approximately $1,106,292.33. This represents a 82.06% decrease in their position. The disclosure for this sale can be found here. Insiders own 5.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VRT. JPMorgan Chase & Co. raised their target price on shares of Vertiv from $100.00 to $127.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Evercore ISI reiterated an "outperform" rating and issued a $150.00 target price (up from $100.00) on shares of Vertiv in a research note on Tuesday, May 27th. The Goldman Sachs Group raised their price objective on shares of Vertiv from $106.00 to $122.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Melius upgraded shares of Vertiv from a "hold" rating to a "buy" rating and set a $165.00 price objective for the company in a research report on Tuesday. Finally, Barclays raised their price objective on shares of Vertiv from $90.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $132.94.

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.