Vertiv Holdings Co (NYSE:VRT) Shares Sold by Deutsche Bank AG

Deutsche Bank AG decreased its position in shares of Vertiv Holdings Co (NYSE:VRT - Free Report) by 11.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,157,598 shares of the company's stock after selling 151,105 shares during the period. Deutsche Bank AG owned 0.31% of Vertiv worth $131,515,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in Vertiv by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 36,356,089 shares of the company's stock valued at $4,130,415,000 after acquiring an additional 1,244,780 shares during the period. Jennison Associates LLC lifted its stake in Vertiv by 68.6% in the 4th quarter. Jennison Associates LLC now owns 7,754,347 shares of the company's stock valued at $880,971,000 after acquiring an additional 3,153,932 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Vertiv by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 6,050,965 shares of the company's stock worth $688,260,000 after purchasing an additional 99,181 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in Vertiv in the 4th quarter valued at $597,379,000. Finally, Wellington Management Group LLP increased its holdings in shares of Vertiv by 25.3% during the fourth quarter. Wellington Management Group LLP now owns 4,905,807 shares of the company's stock worth $557,349,000 after purchasing an additional 990,361 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on VRT. Morgan Stanley dropped their target price on shares of Vertiv from $140.00 to $125.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Royal Bank of Canada began coverage on Vertiv in a research note on Friday, March 7th. They issued an "outperform" rating and a $121.00 target price for the company. Cowen reaffirmed a "buy" rating on shares of Vertiv in a research note on Thursday, April 24th. KGI Securities began coverage on Vertiv in a research report on Thursday, April 24th. They set a "hold" rating for the company. Finally, Roth Capital upgraded shares of Vertiv to a "strong-buy" rating in a report on Monday, April 7th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $120.38.

Insider Buying and Selling

In other news, insider Karsten Winther sold 5,500 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the sale, the insider now directly owns 18,847 shares in the company, valued at $1,777,837.51. The trade was a 22.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.63% of the stock is owned by insiders.

Vertiv Stock Performance

Shares of NYSE VRT traded up $6.90 during midday trading on Monday, hitting $100.96. 8,941,937 shares of the company's stock were exchanged, compared to its average volume of 9,012,861. The firm has a market capitalization of $38.48 billion, a PE ratio of 78.88, a price-to-earnings-growth ratio of 1.07 and a beta of 1.70. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The company's 50 day moving average price is $80.47 and its 200 day moving average price is $106.22. Vertiv Holdings Co has a 12 month low of $53.60 and a 12 month high of $155.84.

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

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 18th were given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date was Tuesday, March 18th. Vertiv's payout ratio is 8.72%.

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.