MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Stake in Vertiv Holdings Co (NYSE:VRT)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Vertiv Holdings Co (NYSE:VRT - Free Report) by 41.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,905 shares of the company's stock after buying an additional 12,610 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Vertiv were worth $4,874,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. SOA Wealth Advisors LLC. purchased a new position in Vertiv in the 4th quarter worth $26,000. OLD Second National Bank of Aurora purchased a new position in shares of Vertiv in the fourth quarter worth about $30,000. Tradewinds Capital Management LLC lifted its stake in shares of Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock valued at $33,000 after acquiring an additional 111 shares during the last quarter. Pittenger & Anderson Inc. boosted its holdings in Vertiv by 92.0% during the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock valued at $36,000 after acquiring an additional 150 shares during the period. Finally, Colonial Trust Co SC grew its position in Vertiv by 211.9% during the 4th quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after acquiring an additional 214 shares during the last quarter. Institutional investors own 89.92% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on VRT. Melius Research reiterated a "hold" rating and issued a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Citigroup lowered their price target on shares of Vertiv from $153.00 to $98.00 and set a "buy" rating for the company in a report on Monday, April 14th. Cowen restated a "buy" rating on shares of Vertiv in a research report on Thursday, April 24th. Royal Bank of Canada initiated coverage on shares of Vertiv in a report on Friday, March 7th. They set an "outperform" rating and a $121.00 target price for the company. Finally, Melius downgraded Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price target on the stock. in a report on Tuesday, January 28th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Vertiv currently has a consensus rating of "Moderate Buy" and an average target price of $122.06.

Vertiv Stock Down 0.1%

Shares of VRT traded down $0.06 during trading hours on Tuesday, hitting $106.34. The company had a trading volume of 4,019,280 shares, compared to its average volume of 8,996,551. The stock has a market capitalization of $40.53 billion, a price-to-earnings ratio of 83.08, a P/E/G ratio of 1.07 and a beta of 1.70. The firm has a fifty day moving average price of $83.12 and a 200-day moving average price of $105.97. Vertiv Holdings Co has a 52-week low of $53.60 and a 52-week high of $155.84. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the firm earned $0.43 earnings per share. The firm's quarterly revenue was up 24.2% compared to the same quarter last year. On average, equities research analysts forecast that Vertiv Holdings Co will post 3.59 EPS for the current fiscal year.

Vertiv Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 0.14%. The ex-dividend date was Tuesday, March 18th. Vertiv's dividend payout ratio is currently 8.72%.

Insider Buying and Selling at Vertiv

In other news, insider Karsten Winther sold 5,500 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 18,847 shares of the company's stock, valued at $1,777,837.51. The trade was a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.63% 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.