Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management Makes New $7.08 Million Investment in Vertiv Holdings Co. (NYSE:VRT)

Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management purchased a new position in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 98,000 shares of the company's stock, valued at approximately $7,075,000. Vertiv comprises about 1.2% of Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management's holdings, making the stock its 24th biggest holding.

Other institutional investors also recently bought and sold shares of the company. Corient Private Wealth LLC raised its holdings in Vertiv by 94.7% in the 4th quarter. Corient Private Wealth LLC now owns 28,872 shares of the company's stock valued at $3,280,000 after buying an additional 14,042 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Vertiv by 42.4% in the fourth quarter. Parallel Advisors LLC now owns 4,829 shares of the company's stock valued at $549,000 after acquiring an additional 1,437 shares during the period. Signaturefd LLC lifted its holdings in shares of Vertiv by 7.6% during the fourth quarter. Signaturefd LLC now owns 7,068 shares of the company's stock worth $803,000 after purchasing an additional 501 shares during the period. Axxcess Wealth Management LLC raised its position in Vertiv by 7.9% in the fourth quarter. Axxcess Wealth Management LLC now owns 7,964 shares of the company's stock worth $905,000 after acquiring an additional 580 shares in the last quarter. Finally, Horizon Investments LLC increased its position in shares of Vertiv by 21.9% in the fourth quarter. Horizon Investments LLC now owns 1,787 shares of the company's stock valued at $203,000 after buying an additional 321 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on VRT shares. Morgan Stanley decreased their price target on Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Roth Mkm started coverage on Vertiv in a research report on Tuesday, April 8th. They set a "buy" rating and a $75.00 price target for the company. Citigroup upped their price target on Vertiv from $130.00 to $149.00 and gave the company a "buy" rating in a research report on Monday. Barclays boosted their target price on Vertiv from $90.00 to $110.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. Finally, Melius Research upgraded Vertiv from a "hold" rating to a "strong-buy" rating and boosted their target price for the company from $134.00 to $165.00 in a research note on Tuesday, July 8th. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Vertiv has an average rating of "Buy" and a consensus price target of $136.76.

Vertiv Stock Performance

Vertiv stock opened at $131.63 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.28 and a debt-to-equity ratio of 1.09. Vertiv Holdings Co. has a 1-year low of $53.60 and a 1-year high of $155.84. The firm has a 50-day moving average of $115.44 and a 200-day moving average of $104.03. The firm has a market cap of $50.16 billion, a P/E ratio of 76.54, a P/E/G ratio of 1.25 and a beta of 1.75.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. The business 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 business's revenue for the quarter was up 24.2% on a year-over-year basis. Sell-side analysts expect that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 26th. Stockholders 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 dividend payout ratio (DPR) is currently 8.72%.

Insider Buying and Selling at Vertiv

In related news, insider Karsten Winther sold 5,500 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the transaction, the insider directly owned 18,847 shares in the company, valued at approximately $1,777,837.51. This represents a 22.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Stephen Liang sold 43,683 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $115.83, for a total transaction of $5,059,801.89. Following the transaction, the executive vice president owned 9,551 shares in the company, valued at approximately $1,106,292.33. This represents a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.63% of the company's stock.

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.

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