Reynders McVeigh Capital Management LLC Purchases Shares of 164,004 Vertiv Holdings Co (NYSE:VRT)

Reynders McVeigh Capital Management LLC purchased a new stake in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 164,004 shares of the company's stock, valued at approximately $7,877,000.

Several other institutional investors also recently bought and sold shares of VRT. Simon Quick Advisors LLC increased its stake in Vertiv by 1.0% during the fourth quarter. Simon Quick Advisors LLC now owns 20,065 shares of the company's stock valued at $964,000 after acquiring an additional 205 shares during the period. Hanseatic Management Services Inc. boosted its position in shares of Vertiv by 0.8% during the third quarter. Hanseatic Management Services Inc. now owns 29,541 shares of the company's stock worth $1,099,000 after purchasing an additional 246 shares in the last quarter. First Horizon Advisors Inc. grew its stake in 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 during the period. Xponance Inc. lifted its stake in Vertiv by 2.9% in the fourth quarter. Xponance Inc. now owns 14,984 shares of the company's stock valued at $720,000 after buying an additional 426 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new position in Vertiv in the 4th quarter worth $26,000. 89.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Oppenheimer increased their price target on Vertiv from $96.00 to $98.00 and gave the company an "outperform" rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. lifted their price target on shares of Vertiv from $95.00 to $100.00 and gave the company an "overweight" rating in a research report on Thursday, April 25th. Bank of America upped their price target on shares of Vertiv from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Monday, March 18th. Citigroup upped their price objective on shares of Vertiv from $102.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, April 25th. Finally, Evercore ISI lifted their price target on Vertiv from $90.00 to $95.00 and gave the company an "outperform" rating in a research note on Thursday, April 25th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.11.

Vertiv Trading Down 2.6 %

Shares of NYSE:VRT traded down $2.54 during trading on Friday, reaching $95.40. 8,692,825 shares of the company traded hands, compared to its average volume of 10,197,252. The business's fifty day moving average is $82.48 and its 200-day moving average is $61.29. The firm has a market capitalization of $35.71 billion, a price-to-earnings ratio of 91.73, a P/E/G ratio of 1.48 and a beta of 1.55. The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 2.09. Vertiv Holdings Co has a 52-week low of $14.95 and a 52-week high of $100.30.

Vertiv (NYSE:VRT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.62 billion. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. Vertiv's quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business earned $0.24 EPS. As a group, analysts forecast that Vertiv Holdings Co will post 2.42 EPS for the current year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.10%. The ex-dividend date was Monday, March 18th. Vertiv's dividend payout ratio is currently 9.62%.

Insider Activity at Vertiv

In other news, EVP Stephen Liang sold 306,196 shares of Vertiv stock in a transaction dated 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 sale, the executive vice president now directly owns 51,841 shares of the company's stock, valued at $3,641,311.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Scott Cripps sold 56,594 shares of Vertiv stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen Liang sold 306,196 shares of the business's stock in a transaction that occurred on Friday, March 1st. The shares were 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. In the last 90 days, insiders have sold 3,409,664 shares of company stock valued at $310,846,212. 5.62% of the stock is owned by company insiders.

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.