Robeco Institutional Asset Management B.V. Sells 147,958 Shares of Vertiv Holdings Co. (NYSE:VRT)

Robeco Institutional Asset Management B.V. cut its position in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 25.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 438,604 shares of the company's stock after selling 147,958 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.12% of Vertiv worth $31,667,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Sound View Wealth Advisors Group LLC bought a new position in Vertiv in the fourth quarter worth about $1,218,000. Schroder Investment Management Group grew its stake in shares of Vertiv by 95.3% during the fourth quarter. Schroder Investment Management Group now owns 1,167,536 shares of the company's stock worth $135,621,000 after acquiring an additional 569,722 shares during the last quarter. Bedell Frazier Investment Counselling LLC purchased a new stake in shares of Vertiv during the fourth quarter worth about $415,000. Charles Schwab Investment Management Inc. grew its stake in shares of Vertiv by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,746,111 shares of the company's stock worth $198,376,000 after acquiring an additional 45,917 shares during the last quarter. Finally, Ibex Wealth Advisors grew its stake in shares of Vertiv by 10.5% during the first quarter. Ibex Wealth Advisors now owns 73,739 shares of the company's stock worth $5,324,000 after acquiring an additional 6,989 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.

Vertiv Trading Up 3.0%

Vertiv stock opened at $127.48 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 12 month low of $53.60 and a 12 month high of $155.84. The stock's 50 day simple moving average is $104.39 and its two-hundred day simple moving average is $103.43. The firm has a market cap of $48.58 billion, a PE ratio of 74.12, a P/E/G ratio of 1.24 and a beta of 1.73.

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

Vertiv Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Barclays dropped their price target on Vertiv from $100.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Friday, April 4th. Royal Bank Of Canada assumed coverage on Vertiv in a research note on Friday, March 7th. They set an "outperform" rating and a $121.00 price target on the stock. The Goldman Sachs Group boosted their price target on Vertiv from $106.00 to $122.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Citigroup boosted their price target on Vertiv from $98.00 to $130.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Finally, Evercore ISI restated an "outperform" rating and set a $150.00 price target (up previously from $100.00) on shares of Vertiv in a research note on Tuesday, May 27th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $126.69.

Insider Transactions at Vertiv

In other news, 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 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. This represents a 22.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Stephen Liang sold 43,683 shares of the company'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 transaction, the executive vice president now directly owns 9,551 shares of the company's stock, valued at approximately $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.

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