Plato Investment Management Ltd Sells 1,107 Shares of Vertiv Holdings Co (NYSE:VRT)

Plato Investment Management Ltd cut its position in Vertiv Holdings Co (NYSE:VRT) by 4.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,986 shares of the company’s stock after selling 1,107 shares during the quarter. Plato Investment Management Ltd’s holdings in Vertiv were worth $2,285,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Vertiv by 5.5% during the first quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company’s stock valued at $2,745,930,000 after purchasing an additional 1,766,784 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Vertiv by 303.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock worth $390,143,000 after buying an additional 3,591,903 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Vertiv during the 2nd quarter worth $331,091,000. Westfield Capital Management Co. LP lifted its position in shares of Vertiv by 85.2% during the 1st quarter. Westfield Capital Management Co. LP now owns 3,399,272 shares of the company’s stock worth $277,619,000 after buying an additional 1,563,466 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Vertiv by 17.7% in the first quarter. Janus Henderson Group PLC now owns 3,002,197 shares of the company’s stock valued at $245,189,000 after buying an additional 451,830 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on VRT. TD Cowen increased their target price on shares of Vertiv from $93.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Jefferies Financial Group began coverage on shares of Vertiv in a research note on Monday, October 7th. They issued a “buy” rating and a $125.00 price objective for the company. Oppenheimer boosted their target price on shares of Vertiv from $115.00 to $121.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. The Goldman Sachs Group lowered their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Finally, UBS Group initiated coverage on Vertiv in a report on Wednesday. They set a “buy” rating and a $155.00 price objective on the stock. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vertiv currently has a consensus rating of “Buy” and a consensus target price of $125.40.

Insider Activity at Vertiv

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the completion of the sale, the insider now directly owns 10,542 shares in the company, valued at approximately $843,254.58. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 5.01% of the stock is owned by company insiders.

Vertiv Stock Up 0.6 %

Shares of VRT opened at $124.54 on Thursday. The company has a market capitalization of $46.74 billion, a PE ratio of 84.89, a PEG ratio of 1.34 and a beta of 1.58. The stock’s 50-day moving average price is $102.48 and its two-hundred day moving average price is $93.08. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. Vertiv Holdings Co has a 12 month low of $41.01 and a 12 month high of $130.30.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 earnings per share. On average, analysts anticipate that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.08%. The ex-dividend date was Tuesday, September 17th. Vertiv’s dividend payout ratio is presently 6.67%.

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.