Mn Services Vermogensbeheer B.V. Has $9.47 Million Stock Holdings in Vertiv Holdings Co. (NYSE:VRT)

Mn Services Vermogensbeheer B.V. reduced its stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 9.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,100 shares of the company's stock after selling 13,400 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Vertiv were worth $9,465,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Tradewinds Capital Management LLC increased its stake in shares of Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock valued at $33,000 after buying an additional 111 shares in the last quarter. Pittenger & Anderson Inc. increased its position in Vertiv by 92.0% in 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 in the last quarter. Colonial Trust Co SC increased its position in Vertiv by 211.9% in 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 in the last quarter. Ameriflex Group Inc. acquired a new stake in Vertiv in the 4th quarter valued at about $37,000. Finally, TD Private Client Wealth LLC increased its position in Vertiv by 150.7% in the 4th quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock valued at $42,000 after acquiring an additional 223 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Trading Up 2.2%

NYSE VRT traded up $2.58 during trading on Wednesday, reaching $119.19. 6,288,672 shares of the stock traded hands, compared to its average volume of 8,675,970. The firm has a market cap of $45.42 billion, a price-to-earnings ratio of 38.11, a price-to-earnings-growth ratio of 1.21 and a beta of 1.73. The stock's 50-day moving average price is $96.45 and its 200 day moving average price is $103.69. The company has a quick ratio of 1.28, a current ratio of 1.72 and a debt-to-equity ratio of 1.09. Vertiv Holdings Co. has a fifty-two week low of $53.60 and a fifty-two week high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the business earned $0.43 EPS. The firm's revenue was up 24.2% on a year-over-year basis. Analysts predict that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

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

Wall Street Analyst Weigh In

VRT has been the subject of a number of research reports. Cowen reissued a "buy" rating on shares of Vertiv in a report on Thursday, April 24th. The Goldman Sachs Group lifted their target price on Vertiv from $106.00 to $122.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Citigroup lifted their target price on Vertiv from $98.00 to $130.00 and gave the company a "buy" rating in a research note on Monday. Roth Mkm assumed coverage on Vertiv in a research report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 price objective for the company. Finally, Morgan Stanley lowered their price objective on Vertiv from $140.00 to $125.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Vertiv has an average rating of "Moderate Buy" and a consensus target price of $126.69.

Insider Activity at Vertiv

In other news, EVP Stephen Liang sold 43,683 shares of the company's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $115.83, for a total value of $5,059,801.89. Following the completion of the transaction, the executive vice president now owns 9,551 shares in the company, valued at $1,106,292.33. This represents a 82.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Karsten Winther sold 5,500 shares of the company's stock in a transaction on Friday, May 9th. The stock was 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 approximately $1,777,837.51. The trade was a 22.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.63% of the stock is owned by insiders.

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.