Raiffeisen Bank International AG Takes Position in Vertiv Holdings Co (NYSE:VRT)

Raiffeisen Bank International AG purchased a new stake in Vertiv Holdings Co (NYSE:VRT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 351,400 shares of the company's stock, valued at approximately $40,819,000. Raiffeisen Bank International AG owned about 0.09% of Vertiv as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of VRT. SOA Wealth Advisors LLC. bought a new stake in Vertiv in the 4th quarter valued at about $26,000. OLD Second National Bank of Aurora bought a new position in Vertiv in the 4th quarter valued at about $30,000. Tradewinds Capital Management LLC lifted its holdings in shares of Vertiv by 61.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 292 shares of the company's stock worth $33,000 after acquiring an additional 111 shares during the period. FNY Investment Advisers LLC acquired a new position in Vertiv during the fourth quarter valued at approximately $34,000. Finally, Pittenger & Anderson Inc. raised its holdings in shares of Vertiv by 92.0% during the 4th quarter. Pittenger & Anderson Inc. now owns 313 shares of the company's stock worth $36,000 after buying an additional 150 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Evercore ISI cut their target price on shares of Vertiv from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Cowen reissued a "buy" rating on shares of Vertiv in a research note on Thursday, April 24th. Barclays lowered their price objective on Vertiv from $100.00 to $90.00 and set an "equal weight" rating for the company in a research report on Friday, April 4th. Roth Capital raised shares of Vertiv to a "strong-buy" rating in a research report on Monday, April 7th. Finally, Melius Research reiterated a "hold" rating and set a $125.00 price objective on shares of Vertiv in a research report on Tuesday, January 28th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $120.38.

Vertiv Stock Up 3.4%

VRT opened at $109.13 on Thursday. The firm has a market capitalization of $41.59 billion, a P/E ratio of 85.26, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.65 and a quick ratio of 1.02. The company has a fifty day moving average price of $81.68 and a 200-day moving average price of $106.15. Vertiv Holdings Co has a one year low of $53.60 and a one year high of $155.84.

Vertiv (NYSE:VRT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. The firm's revenue was up 24.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 EPS. Equities research analysts expect that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date of this dividend was Tuesday, March 18th. Vertiv's dividend payout ratio (DPR) is presently 8.72%.

Insider Buying and Selling

In related news, insider Karsten Winther sold 5,500 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $94.33, for a total transaction of $518,815.00. Following the completion of the transaction, the insider now owns 18,847 shares in the company, valued at $1,777,837.51. This represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.01% of the stock is owned by insiders.

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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