Vertiv Holdings Co. (NYSE:VRT) Shares Acquired by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its stake in Vertiv Holdings Co. by 23.5% during the first quarter, now owning approximately 1,429,803 shares valued at around $103.2 million.
• Vertiv recently declared a dividend of $0.0375 per share, significantly increasing from its previous dividend, which reflects a yield of 14.0%.
• Wall Street analysts are optimistic about Vertiv's growth, with the stock receiving multiple "buy" ratings and target prices ranging from $128.00 to $157.00.

Deutsche Bank AG lifted its stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 23.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,429,803 shares of the company's stock after purchasing an additional 272,205 shares during the period. Deutsche Bank AG owned approximately 0.38% of Vertiv worth $103,232,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in Vertiv by 6.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,852,401 shares of the company's stock valued at $133,743,000 after buying an additional 106,290 shares during the period. ASR Vermogensbeheer N.V. bought a new stake in shares of Vertiv during the 1st quarter worth about $1,020,000. Citizens Financial Group Inc. RI bought a new stake in shares of Vertiv during the 1st quarter worth about $628,000. Leeward Financial Partners LLC boosted its stake in Vertiv by 33.9% during the 1st quarter. Leeward Financial Partners LLC now owns 42,257 shares of the company's stock valued at $3,051,000 after purchasing an additional 10,693 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Vertiv by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 37,715,159 shares of the company's stock valued at $2,723,034,000 after purchasing an additional 1,359,070 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Vertiv 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 transaction of $5,059,801.89. Following the transaction, the executive vice president owned 9,551 shares of the company's stock, valued at $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.63% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

VRT has been the subject of several recent research reports. Bank of America upped their price target on Vertiv from $140.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Barclays set a $128.00 target price on Vertiv and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Citigroup raised their price target on Vertiv from $130.00 to $149.00 and gave the company a "buy" rating in a report on Monday, July 14th. Roth Capital lifted their target price on Vertiv from $100.00 to $157.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Finally, Wolfe Research reissued an "outperform" rating and issued a $155.00 target price on shares of Vertiv in a research note on Thursday, July 10th. Three investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $144.06.

Vertiv Stock Performance

VRT opened at $139.90 on Friday. The business's 50-day moving average price is $125.64 and its two-hundred day moving average price is $104.69. Vertiv Holdings Co. has a 1 year low of $53.60 and a 1 year high of $155.84. The company has a market capitalization of $53.32 billion, a price-to-earnings ratio of 66.94, a P/E/G ratio of 1.23 and a beta of 1.77. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.74 and a quick ratio of 1.35.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.12. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.36 billion. Vertiv had a return on equity of 51.64% and a net margin of 8.93%. The company's revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter last year, the business posted $0.67 EPS. Equities analysts expect that Vertiv Holdings Co. will post 3.59 EPS for the current fiscal year.

Vertiv Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were given a dividend of $0.0375 per share. This represents a yield of 14.0%. 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 (DPR) is presently 7.18%.

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.

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