Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. Makes New $39 Million Investment in Vertiv Holdings Co (NYSE:VRT)

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. purchased a new position in Vertiv Holdings Co (NYSE:VRT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 343,303 shares of the company's stock, valued at approximately $39,003,000. Vertiv comprises 4.7% of Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s holdings, making the stock its 3rd largest position. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. owned approximately 0.09% of Vertiv as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SOA Wealth Advisors LLC. bought a new position in Vertiv in the 4th quarter worth $26,000. OLD Second National Bank of Aurora bought a new position in Vertiv in the 4th quarter worth $30,000. Tradewinds Capital Management LLC raised its holdings in Vertiv by 61.3% in the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after purchasing an additional 111 shares during the period. Pittenger & Anderson Inc. raised its holdings in Vertiv by 92.0% in the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock worth $36,000 after purchasing an additional 150 shares during the period. Finally, Colonial Trust Co SC raised its holdings in Vertiv by 211.9% during the fourth 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 period. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. KGI Securities began coverage on Vertiv in a report on Thursday, April 24th. They set a "hold" rating on the stock. Melius cut Vertiv from a "buy" rating to a "hold" rating and set a $125.00 target price on the stock. in a report on Tuesday, January 28th. Barclays reduced their target price on Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a report on Friday, April 4th. Royal Bank of Canada began coverage on Vertiv in a report on Friday, March 7th. They issued an "outperform" rating and a $121.00 target price on the stock. Finally, Melius Research reaffirmed a "hold" rating and issued a $125.00 target price on shares of Vertiv in a report on Tuesday, January 28th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $122.06.

Vertiv Stock Up 0.5%

NYSE:VRT traded up $0.55 during trading hours on Thursday, reaching $104.16. The company's stock had a trading volume of 3,785,621 shares, compared to its average volume of 9,003,099. The company has a market capitalization of $39.70 billion, a P/E ratio of 81.38, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. Vertiv Holdings Co has a 12 month low of $53.60 and a 12 month 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. The stock has a 50 day moving average price of $83.90 and a two-hundred day moving average price of $105.96.

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

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date was Tuesday, March 18th. Vertiv's payout ratio is presently 8.72%.

Insider Transactions at Vertiv

In other news, 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 transaction, the insider now directly owns 18,847 shares of the company's stock, valued at approximately $1,777,837.51. This represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.