Royal Bank of Canada Purchases 403,882 Shares of Vertiv Holdings Co (NYSE:VRT)

Royal Bank of Canada increased its position in Vertiv Holdings Co (NYSE:VRT - Free Report) by 52.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,173,242 shares of the company's stock after buying an additional 403,882 shares during the period. Royal Bank of Canada owned about 0.31% of Vertiv worth $133,293,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Foundations Investment Advisors LLC raised its stake in Vertiv by 7.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 185,512 shares of the company's stock valued at $21,076,000 after purchasing an additional 13,559 shares during the period. Empowered Funds LLC grew its holdings in Vertiv by 67.0% during the 4th quarter. Empowered Funds LLC now owns 9,180 shares of the company's stock valued at $1,043,000 after buying an additional 3,682 shares in the last quarter. Register Financial Advisors LLC purchased a new stake in Vertiv during the 4th quarter valued at approximately $217,000. Ibex Wealth Advisors purchased a new stake in Vertiv during the 4th quarter valued at approximately $7,583,000. Finally, PFG Investments LLC purchased a new stake in Vertiv during the 4th quarter valued at approximately $617,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Vertiv

In other Vertiv 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 value of $518,815.00. Following the transaction, the insider now 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 legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.63% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on VRT. KGI Securities assumed coverage on shares of Vertiv in a research report on Thursday, April 24th. They set a "hold" rating for the company. The Goldman Sachs Group decreased their price target on shares of Vertiv from $135.00 to $85.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Roth Mkm began coverage on Vertiv in a report on Tuesday, April 8th. They issued a "buy" rating and a $75.00 target price on the stock. 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. Finally, Melius cut Vertiv from a "buy" rating to a "hold" rating and set a $125.00 price target for the company. in a report on Tuesday, January 28th. Five investment 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 stock. Based on data from MarketBeat.com, Vertiv has an average rating of "Moderate Buy" and an average price target of $122.06.

Vertiv Trading Down 0.1%

NYSE:VRT traded down $0.06 during midday trading on Tuesday, hitting $106.34. 4,019,280 shares of the company traded hands, compared to its average volume of 9,008,314. The firm's fifty day moving average is $83.58 and its 200-day moving average is $105.98. Vertiv Holdings Co has a 12-month low of $53.60 and a 12-month high of $155.84. The firm has a market capitalization of $40.53 billion, a P/E ratio of 83.08, a P/E/G ratio of 1.07 and a beta of 1.70. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 1.19.

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 the consensus estimate of $0.62 by $0.02. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The business's revenue for the quarter was up 24.2% on a year-over-year basis. On average, sell-side analysts predict that Vertiv Holdings Co will post 3.59 EPS for the current year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 0.14%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's payout ratio is currently 8.72%.

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.