Nordea Investment Management AB Takes $1.04 Million Position in Vertiv Holdings Co (NYSE:VRT)

Nordea Investment Management AB bought a new stake in Vertiv Holdings Co (NYSE:VRT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 21,456 shares of the company's stock, valued at approximately $1,040,000.

Other hedge funds have also recently bought and sold shares of the company. CenterBook Partners LP increased its holdings in Vertiv by 82.0% in the 3rd quarter. CenterBook Partners LP now owns 174,938 shares of the company's stock valued at $6,508,000 after buying an additional 78,793 shares during the period. Quadrature Capital Ltd boosted its stake in shares of Vertiv by 791.6% in the 3rd quarter. Quadrature Capital Ltd now owns 92,628 shares of the company's stock valued at $3,445,000 after purchasing an additional 82,239 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Vertiv in the 3rd quarter valued at approximately $3,761,000. New York State Teachers Retirement System acquired a new stake in shares of Vertiv in the 3rd quarter valued at approximately $1,059,000. Finally, DNB Asset Management AS acquired a new stake in shares of Vertiv in the 4th quarter valued at approximately $3,285,000. 89.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Vertiv from $46.00 to $52.00 and gave the company a "buy" rating in a research note on Thursday, November 30th. Mizuho raised their price target on shares of Vertiv from $50.00 to $56.00 and gave the company a "neutral" rating in a research note on Thursday, February 22nd. JPMorgan Chase & Co. raised their price target on shares of Vertiv from $53.00 to $65.00 and gave the company an "overweight" rating in a research note on Thursday, February 22nd. Citigroup raised their price target on shares of Vertiv from $49.00 to $58.00 and gave the company a "buy" rating in a research note on Monday, December 11th. Finally, Bank of America lifted their target price on shares of Vertiv from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Monday, March 18th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.38.

Vertiv Trading Down 2.0 %

NYSE:VRT traded down $1.66 during mid-day trading on Wednesday, hitting $81.01. 7,384,522 shares of the company's stock were exchanged, compared to its average volume of 7,455,088. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 1.45. Vertiv Holdings Co has a fifty-two week low of $11.95 and a fifty-two week high of $86.63. The company has a 50 day simple moving average of $65.08 and a 200-day simple moving average of $50.45. The firm has a market capitalization of $30.94 billion, a P/E ratio of 68.12, a PEG ratio of 1.30 and a beta of 1.57.

Vertiv (NYSE:VRT - Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.03. Vertiv had a net margin of 6.71% and a return on equity of 39.46%. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the business earned $0.28 EPS. The company's revenue was up 12.7% compared to the same quarter last year. As a group, research analysts expect that Vertiv Holdings Co will post 2.35 earnings per share for the current year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Tuesday, March 19th will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $0.10 annualized dividend and a yield of 0.12%. Vertiv's payout ratio is 8.47%.

Insiders Place Their Bets

In other Vertiv news, CAO Scott Cripps sold 56,594 shares of the firm's stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Scott Cripps sold 56,594 shares of Vertiv stock in a transaction on Friday, March 8th. The shares were sold at an average price of $70.76, for a total value of $4,004,591.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Stephen Liang sold 306,196 shares of Vertiv stock in a transaction on Friday, March 1st. The shares were sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the completion of the sale, the executive vice president now owns 51,841 shares of the company's stock, valued at approximately $3,641,311.84. The disclosure for this sale can be found here. Company insiders own 5.62% of the company's stock.

Vertiv Company 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.