Mitsubishi UFJ Asset Management Co. Ltd. Grows Position in Vertiv Holdings Co (NYSE:VRT)

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 104.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 307,920 shares of the company's stock after acquiring an additional 157,171 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.08% of Vertiv worth $14,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Simon Quick Advisors LLC grew its position in shares of Vertiv by 1.0% during the 4th quarter. Simon Quick Advisors LLC now owns 20,065 shares of the company's stock valued at $964,000 after purchasing an additional 205 shares in the last quarter. Hanseatic Management Services Inc. raised its holdings in shares of Vertiv by 0.8% in the 3rd quarter. Hanseatic Management Services Inc. now owns 29,541 shares of the company's stock valued at $1,099,000 after acquiring an additional 246 shares in the last quarter. Xponance Inc. boosted its position in shares of Vertiv by 2.9% during the 4th quarter. Xponance Inc. now owns 14,984 shares of the company's stock valued at $720,000 after acquiring an additional 426 shares during the last quarter. GAMMA Investing LLC purchased a new position in shares of Vertiv during the fourth quarter worth about $26,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Vertiv by 20.4% in the third quarter. PNC Financial Services Group Inc. now owns 3,335 shares of the company's stock worth $124,000 after purchasing an additional 564 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Wall Street Analyst Weigh In

VRT has been the subject of a number of research reports. Bank of America boosted their price target on shares of Vertiv from $100.00 to $115.00 and gave the stock a "buy" rating in a research note on Wednesday. Citigroup upped their target price 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. Mizuho raised their price target on Vertiv from $56.00 to $95.00 and gave the company a "neutral" rating in a research report on Friday, April 26th. The Goldman Sachs Group upped their price objective on Vertiv from $103.00 to $116.00 and gave the stock a "buy" rating in a report on Friday. Finally, Oppenheimer raised their price objective on Vertiv from $96.00 to $98.00 and gave the company an "outperform" rating in a report on Thursday, April 25th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Vertiv currently has an average rating of "Moderate Buy" and a consensus target price of $91.00.

Insider Activity at Vertiv

In related news, 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 transaction of $21,507,207.04. Following the sale, the executive vice president now owns 51,841 shares in the company, valued at approximately $3,641,311.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Roger Fradin sold 16,667 shares of Vertiv stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $103.86, for a total value of $1,731,034.62. Following the completion of the sale, the director now directly owns 218,333 shares in the company, valued at $22,676,065.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen Liang sold 306,196 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president now directly owns 51,841 shares in the company, valued at approximately $3,641,311.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,426,331 shares of company stock valued at $312,577,246. Insiders own 5.62% of the company's stock.

Vertiv Price Performance

VRT stock traded down $0.48 during mid-day trading on Friday, hitting $96.81. The company had a trading volume of 8,078,398 shares, compared to its average volume of 10,279,514. The company has a market capitalization of $36.24 billion, a price-to-earnings ratio of 93.09, a P/E/G ratio of 1.47 and a beta of 1.55. The company has a 50-day moving average price of $85.23 and a 200 day moving average price of $63.59. The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 2.09. Vertiv Holdings Co has a 12-month low of $15.40 and a 12-month high of $104.76.

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

Vertiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.10%. Vertiv's payout ratio is currently 9.62%.

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.