343,811 Shares in Vertiv Holdings Co (NYSE:VRT) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Vertiv Holdings Co (NYSE:VRT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 343,811 shares of the company's stock, valued at approximately $39,060,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.09% of Vertiv at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of VRT. Fifth Third Bancorp boosted its stake in Vertiv by 8.1% in the 4th quarter. Fifth Third Bancorp now owns 1,126 shares of the company's stock worth $128,000 after purchasing an additional 84 shares during the period. Prestige Wealth Management Group LLC lifted its position in Vertiv by 2.4% in the 4th quarter. Prestige Wealth Management Group LLC now owns 3,695 shares of the company's stock worth $420,000 after buying an additional 85 shares during the last quarter. Horizon Investment Services LLC lifted its position in Vertiv by 4.1% in the 4th quarter. Horizon Investment Services LLC now owns 2,410 shares of the company's stock worth $274,000 after buying an additional 95 shares during the last quarter. Focus Partners Advisor Solutions LLC lifted its position in Vertiv by 3.1% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 3,226 shares of the company's stock valued at $367,000 after purchasing an additional 97 shares during the last quarter. Finally, Utah Retirement Systems lifted its position in Vertiv by 0.3% in the fourth quarter. Utah Retirement Systems now owns 39,300 shares of the company's stock valued at $4,465,000 after purchasing an additional 100 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VRT has been the topic of several research analyst reports. Cowen reissued a "buy" rating on shares of Vertiv in a research note on Thursday, April 24th. Roth Capital raised Vertiv to a "strong-buy" rating in a research note on Monday, April 7th. KGI Securities assumed coverage on Vertiv in a research note on Thursday, April 24th. They issued a "hold" rating on the stock. Evercore ISI reaffirmed an "outperform" rating and issued a $150.00 price target (up from $100.00) on shares of Vertiv in a research note on Tuesday, May 27th. Finally, JPMorgan Chase & Co. upped their price target on Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. 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 company. Based on data from MarketBeat, Vertiv has a consensus rating of "Moderate Buy" and an average price target of $122.38.

Insider Buying and Selling at Vertiv

In other news, insider Karsten Winther sold 5,500 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the completion of the sale, the insider now directly owns 18,847 shares of the company's stock, valued at $1,777,837.51. The trade was a 22.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.63% of the stock is currently owned by insiders.

Vertiv Trading Down 0.7%

Shares of VRT traded down $0.73 during midday trading on Friday, hitting $107.74. 6,931,195 shares of the stock were exchanged, compared to its average volume of 8,913,535. The firm has a market cap of $41.06 billion, a P/E ratio of 84.17, a P/E/G ratio of 1.07 and a beta of 1.70. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65. 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 simple moving average of $86.34 and a 200 day simple moving average of $105.09.

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

Vertiv Announces Dividend

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

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.