Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. Sells 296,939 Shares of Vertiv Holdings Co. (NYSE:VRT)

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. reduced its holdings in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 86.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 46,364 shares of the company's stock after selling 296,939 shares during the period. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s holdings in Vertiv were worth $3,347,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Vertiv by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock valued at $4,130,415,000 after purchasing an additional 1,244,780 shares during the period. Geode Capital Management LLC grew its position in Vertiv by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock valued at $688,260,000 after acquiring an additional 99,181 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in Vertiv during the 4th quarter worth approximately $597,379,000. Wellington Management Group LLP lifted its stake in shares of Vertiv by 25.3% in the 4th quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock valued at $557,349,000 after acquiring an additional 990,361 shares during the last quarter. Finally, Clearbridge Investments LLC raised its holdings in Vertiv by 4.8% in the 4th quarter. Clearbridge Investments LLC now owns 3,647,326 shares of the company's stock valued at $414,373,000 after buying an additional 167,061 shares during the last quarter. Institutional investors own 89.92% of the company's stock.

Vertiv Stock Performance

NYSE VRT traded down $0.71 during trading on Tuesday, hitting $125.50. 5,951,410 shares of the company's stock traded hands, compared to its average volume of 8,539,803. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.28 and a current ratio of 1.72. The stock has a market capitalization of $47.83 billion, a price-to-earnings ratio of 72.97, a PEG ratio of 1.25 and a beta of 1.75. Vertiv Holdings Co. has a 12-month low of $53.60 and a 12-month high of $155.84. The business has a 50 day moving average of $116.14 and a 200-day moving average of $103.98.

Vertiv (NYSE:VRT - Get Free Report) last released 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. Vertiv had a return on equity of 56.01% and a net margin of 7.92%. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the company posted $0.43 EPS. The firm's revenue for the quarter was up 24.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Vertiv Holdings Co. will post 3.59 earnings per share for the current fiscal year.

Vertiv Increases Dividend

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

Insider Buying and Selling

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

Analyst Ratings Changes

VRT has been the topic of several recent analyst reports. Citigroup boosted their target price on shares of Vertiv from $130.00 to $149.00 and gave the company a "buy" rating in a report on Monday, July 14th. Wall Street Zen upgraded Vertiv from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 21st. Oppenheimer raised their target price on Vertiv from $132.00 to $140.00 and gave the stock an "outperform" rating in a research note on Thursday, July 17th. Melius Research upgraded Vertiv from a "hold" rating to a "strong-buy" rating and lifted their target price for the stock from $134.00 to $165.00 in a report on Tuesday, July 8th. Finally, KGI Securities initiated coverage on Vertiv in a report on Thursday, April 24th. They set a "hold" rating on the stock. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Vertiv has a consensus rating of "Buy" and a consensus target price of $136.76.

About Vertiv

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.