Vertiv Holdings Co. (NYSE:VRT) Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 0.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 844,616 shares of the company's stock after buying an additional 3,760 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.22% of Vertiv worth $60,981,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VRT. North Star Investment Management Corp. lifted its position in shares of Vertiv by 4,120.0% during the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock worth $30,000 after purchasing an additional 412 shares in the last quarter. Colonial Trust Co SC lifted its position in shares of Vertiv by 211.9% during the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company's stock worth $36,000 after purchasing an additional 214 shares in the last quarter. Ameriflex Group Inc. acquired a new position in shares of Vertiv during the fourth quarter worth $37,000. TD Private Client Wealth LLC lifted its position in shares of Vertiv by 150.7% during the fourth quarter. TD Private Client Wealth LLC now owns 371 shares of the company's stock worth $42,000 after purchasing an additional 223 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. acquired a new position in shares of Vertiv during the first quarter worth $43,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VRT has been the topic of a number of recent research reports. Roth Capital raised shares of Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Morgan Stanley reduced their target price on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Roth Mkm initiated coverage on shares of Vertiv in a research report on Tuesday, April 8th. They set a "buy" rating and a $75.00 target price on the stock. Wall Street Zen raised shares of Vertiv from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 21st. Finally, The Goldman Sachs Group boosted their target price on shares of Vertiv from $106.00 to $122.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Five investment 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. Based on data from MarketBeat.com, Vertiv presently has an average rating of "Moderate Buy" and a consensus price target of $126.69.

Insider Activity

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

Vertiv Stock Performance

VRT stock traded down $5.87 during trading on Tuesday, hitting $122.54. 8,720,512 shares of the company's stock traded hands, compared to its average volume of 8,564,385. 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 52 week low of $53.60 and a 52 week high of $155.84. The stock has a fifty day moving average price of $105.61 and a two-hundred day moving average price of $103.14. The stock has a market capitalization of $46.70 billion, a price-to-earnings ratio of 71.24, a price-to-earnings-growth ratio of 1.28 and a beta of 1.73.

Vertiv (NYSE:VRT - Get Free Report) last released 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 7.92% and a return on equity of 56.01%. The firm 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 firm earned $0.43 earnings per share. The firm's revenue for the quarter was up 24.2% compared to the same quarter last year. As a group, equities analysts anticipate that Vertiv Holdings Co. will post 3.59 EPS 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 issued a $0.0375 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a yield of 0.14%. This is an increase from Vertiv's previous dividend of $0.01. Vertiv's dividend payout ratio is presently 8.72%.

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.