Sumitomo Mitsui Trust Holdings Inc. Makes New $33.96 Million Investment in Vertiv Holdings Co (NYSE:VRT)

Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 707,065 shares of the company's stock, valued at approximately $33,960,000. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.19% of Vertiv as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. grew its holdings in shares of Vertiv by 161.7% in the third quarter. First Horizon Advisors Inc. now owns 662 shares of the company's stock valued at $25,000 after acquiring an additional 409 shares in the last quarter. Clear Street Markets LLC bought a new position in shares of Vertiv in the fourth quarter valued at approximately $27,000. Brown Brothers Harriman & Co. grew its holdings in shares of Vertiv by 648.5% in the first quarter. Brown Brothers Harriman & Co. now owns 2,500 shares of the company's stock valued at $35,000 after acquiring an additional 2,166 shares in the last quarter. Clearstead Advisors LLC bought a new position in shares of Vertiv in the third quarter valued at approximately $38,000. Finally, TFC Financial Management Inc. bought a new position in Vertiv during the fourth quarter valued at $42,000. 89.92% of the stock is owned by institutional investors.

Insider Transactions at Vertiv

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

Vertiv Stock Performance

VRT traded down $6.00 during mid-day trading on Friday, reaching $75.01. 15,942,255 shares of the company traded hands, compared to its average volume of 7,153,719. The stock has a market capitalization of $28.65 billion, a P/E ratio of 63.57, a P/E/G ratio of 1.19 and a beta of 1.59. The company has a quick ratio of 1.35, a current ratio of 1.74 and a debt-to-equity ratio of 1.45. The company's fifty day moving average price is $74.33 and its 200-day moving average price is $56.13. Vertiv Holdings Co has a 52-week low of $11.95 and a 52-week high of $88.69.

Vertiv (NYSE:VRT - Get Free Report) last announced its earnings results on Wednesday, February 21st. The company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.03. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.88 billion. Vertiv had a net margin of 6.71% and a return on equity of 39.46%. The company's quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 EPS. On average, sell-side analysts expect that Vertiv Holdings Co will post 2.36 EPS for the current year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 19th were paid a $0.025 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.10 annualized dividend and a dividend yield of 0.13%. Vertiv's dividend payout ratio (DPR) is 8.47%.

Analyst Ratings Changes

Several equities analysts have weighed in on VRT shares. Oppenheimer started coverage on Vertiv in a report on Friday, April 5th. They set an "outperform" rating and a $96.00 price objective for the company. Citigroup lifted their price objective on Vertiv from $69.00 to $102.00 and gave the stock a "buy" rating in a report on Monday, April 8th. JPMorgan Chase & Co. boosted their price target on Vertiv from $65.00 to $95.00 and gave the company an "overweight" rating in a report on Thursday, April 11th. Bank of America boosted their price target on Vertiv from $80.00 to $90.00 and gave the company a "buy" rating in a report on Monday, March 18th. Finally, Mizuho upped their target price on Vertiv from $50.00 to $56.00 and gave the stock a "neutral" rating in a report on Thursday, February 22nd. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Vertiv presently has an average rating of "Moderate Buy" and a consensus price target of $74.56.

Vertiv 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.