Vontobel Holding Ltd. Boosts Stake in Vertiv Holdings Co. (NYSE:VRT)

Vontobel Holding Ltd. boosted its stake in shares of Vertiv Holdings Co. (NYSE:VRT - Free Report) by 20.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 116,199 shares of the company's stock after buying an additional 19,640 shares during the period. Vontobel Holding Ltd.'s holdings in Vertiv were worth $8,390,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Vertiv by 3.5% during 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. Geode Capital Management LLC lifted its holdings in Vertiv by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock worth $688,260,000 after buying an additional 99,181 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in shares of Vertiv during the fourth quarter worth $597,379,000. Wellington Management Group LLP increased its position in shares of Vertiv by 25.3% during the fourth quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock worth $557,349,000 after purchasing an additional 990,361 shares in the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of Vertiv by 4.8% during the fourth quarter. Clearbridge Investments LLC now owns 3,647,326 shares of the company's stock worth $414,373,000 after purchasing an additional 167,061 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on VRT shares. Roth Mkm started coverage on Vertiv in a research report on Tuesday, April 8th. They set a "buy" rating and a $75.00 price target on the stock. Royal Bank Of Canada started coverage on Vertiv in a research report on Friday, March 7th. They set an "outperform" rating and a $121.00 price target on the stock. Morgan Stanley reduced their price target on Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Evercore ISI reaffirmed an "outperform" rating and set a $150.00 price target (up from $100.00) on shares of Vertiv in a research report on Tuesday, May 27th. Finally, Citigroup upped their price target on Vertiv from $98.00 to $130.00 and gave the stock a "buy" rating in a research report on Monday, June 16th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $126.69.

Insider Activity

In other news, insider Karsten Winther sold 5,500 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.33, for a total transaction of $518,815.00. Following the sale, the insider directly owned 18,847 shares of the company's stock, valued at $1,777,837.51. This represents a 22.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Stephen Liang sold 43,683 shares of the 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 sale, the executive vice president directly owned 9,551 shares in the company, valued at approximately $1,106,292.33. The trade was a 82.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.63% of the company's stock.

Vertiv Price Performance

NYSE:VRT opened at $124.30 on Thursday. 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 quick ratio of 1.28 and a current ratio of 1.72. The firm has a market cap of $47.37 billion, a price-to-earnings ratio of 72.27, a PEG ratio of 1.22 and a beta of 1.75. The firm's fifty day moving average is $107.55 and its two-hundred day moving average is $103.42.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.64 EPS 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 company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the company earned $0.43 earnings per share. The firm's revenue was up 24.2% on a year-over-year basis. Research analysts expect 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 dividend of $0.0375 per share. This is a positive change from Vertiv's previous dividend of $0.01. This represents a dividend yield of 0.14%. The ex-dividend date was Monday, June 16th. Vertiv's dividend payout ratio is presently 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.

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