World Investment Advisors LLC Buys New Shares in Vertiv Holdings Co (NYSE:VRT)

World Investment Advisors LLC purchased a new position in shares of Vertiv Holdings Co (NYSE:VRT) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 12,360 shares of the company’s stock, valued at approximately $1,230,000.

A number of other large investors also recently modified their holdings of VRT. Anchor Investment Management LLC acquired a new stake in shares of Vertiv in the 2nd quarter valued at approximately $26,000. Krane Funds Advisors LLC bought a new stake in shares of Vertiv in the 3rd quarter valued at about $29,000. Global Trust Asset Management LLC acquired a new stake in Vertiv in the 3rd quarter valued at about $30,000. Mark Sheptoff Financial Planning LLC raised its stake in Vertiv by 200.0% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after buying an additional 200 shares during the period. Finally, Brooklyn Investment Group bought a new position in shares of Vertiv during the 3rd quarter worth approximately $30,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Vertiv news, EVP Stephen Liang sold 86,619 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the sale, the executive vice president now owns 19,551 shares of the company’s stock, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jakki L. Haussler sold 15,347 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total value of $2,108,370.86. Following the sale, the director now owns 3,425 shares in the company, valued at approximately $470,526.50. The trade was a 81.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 171,527 shares of company stock worth $23,105,682. 5.01% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

VRT has been the subject of several research reports. Oppenheimer raised their price target on Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. The Goldman Sachs Group upped their price target on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Evercore ISI boosted their price objective on Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Bank of America upped their target price on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Mizuho lifted their price objective on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $140.09.

Vertiv Stock Up 0.6 %

Shares of NYSE VRT opened at $125.78 on Monday. The company has a 50 day simple moving average of $120.45 and a 200 day simple moving average of $98.12. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. Vertiv Holdings Co has a 1 year low of $44.31 and a 1 year high of $145.67. The firm has a market cap of $47.21 billion, a PE ratio of 83.85, a price-to-earnings-growth ratio of 1.29 and a beta of 1.61.

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

Vertiv Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date is Tuesday, December 3rd. This is an increase from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio is currently 6.67%.

Vertiv 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.