IFM Investors Pty Ltd Buys 6,042 Shares of Vertiv Holdings Co. (NYSE:VRT)

IFM Investors Pty Ltd lifted its holdings in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 8.6% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 76,074 shares of the company's stock after acquiring an additional 6,042 shares during the quarter. IFM Investors Pty Ltd's holdings in Vertiv were worth $5,493,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA purchased a new position in shares of Vertiv in the fourth quarter worth $597,379,000. Norges Bank purchased a new position in shares of Vertiv in the fourth quarter worth $391,777,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Vertiv by 136.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,336,862 shares of the company's stock worth $379,101,000 after buying an additional 1,928,275 shares during the period. Vanguard Group Inc. increased its stake in shares of Vertiv by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock worth $4,130,415,000 after buying an additional 1,244,780 shares during the period. Finally, Wellington Management Group LLP increased its stake in shares of Vertiv by 25.3% in the fourth quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock worth $557,349,000 after buying an additional 990,361 shares during the period. 89.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VRT has been the topic of several analyst reports. The Goldman Sachs Group lifted their target price on shares of Vertiv from $106.00 to $122.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Barclays lifted their target price on shares of Vertiv from $90.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Wednesday. KGI Securities assumed coverage on shares of Vertiv in a research report on Thursday, April 24th. They set a "hold" rating on the stock. Citigroup boosted their price objective on shares of Vertiv from $98.00 to $130.00 and gave the company a "buy" rating in a research report on Monday, June 16th. Finally, Wall Street Zen raised shares of Vertiv from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 21st. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $132.94.

Insider Activity at Vertiv

In other news, EVP Stephen Liang sold 43,683 shares of the company's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $115.83, for a total value of $5,059,801.89. Following the transaction, the executive vice president owned 9,551 shares in the company, valued at approximately $1,106,292.33. This represents a 82.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 owned 18,847 shares in the company, valued at approximately $1,777,837.51. This represents a 22.59% 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 Up 1.9%

NYSE:VRT traded up $2.40 during mid-day trading on Wednesday, hitting $128.29. 2,338,014 shares of the company's stock were exchanged, compared to its average volume of 8,520,266. Vertiv Holdings Co. has a one year low of $53.60 and a one year high of $155.84. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.72 and a quick ratio of 1.28. The business has a fifty day moving average price of $110.86 and a 200 day moving average price of $103.53. The company has a market cap of $48.89 billion, a PE ratio of 74.60, a P/E/G ratio of 1.25 and a beta of 1.75.

Vertiv (NYSE:VRT - Get Free Report) last issued its earnings results 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. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a net margin of 7.92% and a return on equity of 56.01%. The business's revenue was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 earnings per share. Equities analysts predict that Vertiv Holdings Co. will post 3.59 EPS for the current year.

Vertiv Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were paid a $0.0375 dividend. This represents a dividend yield of 0.14%. The ex-dividend date of this dividend was Monday, June 16th. This is an increase from Vertiv's previous dividend of $0.01. Vertiv's dividend 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.