XTX Topco Ltd Acquires 138,294 Shares of Vertiv Holdings Co. (NYSE:VRT)

Key Points

• XTX Topco Ltd significantly increased its stake in Vertiv Holdings Co., acquiring a total of 138,294 shares, which raised its ownership by 6,249.2% and made Vertiv its 8th largest holding.
• Several hedge funds also increased their investments in Vertiv, with institutional investors owning 89.92% of the stock, indicating strong market interest.
• Vertiv recently announced a dividend increase to $0.0375 per share, marking a return from a previous dividend of $0.01, demonstrating financial strengthening.

XTX Topco Ltd lifted its position in Vertiv Holdings Co. (NYSE:VRT - Free Report) by 6,249.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 140,507 shares of the company's stock after acquiring an additional 138,294 shares during the period. Vertiv accounts for approximately 0.5% of XTX Topco Ltd's investment portfolio, making the stock its 8th biggest holding. XTX Topco Ltd's holdings in Vertiv were worth $10,145,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. GW&K Investment Management LLC purchased a new stake in Vertiv in the first quarter valued at $26,000. North Star Investment Management Corp. boosted its holdings in Vertiv by 4,120.0% in the first quarter. North Star Investment Management Corp. now owns 422 shares of the company's stock valued at $30,000 after purchasing an additional 412 shares during the last quarter. Sachetta LLC boosted its holdings in Vertiv by 242.0% in the first quarter. Sachetta LLC now owns 448 shares of the company's stock valued at $32,000 after purchasing an additional 317 shares during the last quarter. Colonial Trust Co SC boosted its holdings in Vertiv by 211.9% in the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company's stock valued at $36,000 after purchasing an additional 214 shares during the last quarter. Finally, Ameriflex Group Inc. purchased a new stake in Vertiv in the fourth quarter valued at $37,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Vertiv

In other news, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the transaction, the insider owned 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 document filed with the SEC, which is accessible through this link. Also, EVP Stephen Liang sold 43,683 shares of the firm'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 transaction, the executive vice president owned 9,551 shares of the company's stock, 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. Company insiders own 5.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on VRT shares. Bank of America upped their price target on shares of Vertiv from $140.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, July 17th. JPMorgan Chase & Co. upped their price target on shares of Vertiv from $100.00 to $127.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Mizuho increased their price objective on shares of Vertiv from $125.00 to $150.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. KGI Securities started coverage on shares of Vertiv in a report on Thursday, April 24th. They issued a "hold" rating for the company. Finally, Morgan Stanley decreased their price objective on Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $136.76.

Vertiv Price Performance

Vertiv stock opened at $142.74 on Tuesday. The firm has a market capitalization of $54.40 billion, a P/E ratio of 82.99, a PEG ratio of 1.37 and a beta of 1.75. The firm has a fifty day moving average of $119.32 and a 200-day moving average of $104.08. 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.

Vertiv Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were paid a dividend of $0.0375 per share. This represents a yield of 0.14%. This is an increase from Vertiv's previous dividend of $0.01. The ex-dividend date was Monday, June 16th. Vertiv's dividend payout ratio is 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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