De Lisle Partners LLP Makes New Investment in Vertiv Holdings Co (NYSE:VRT)

De Lisle Partners LLP bought a new position in Vertiv Holdings Co (NYSE:VRT) during the third quarter, HoldingsChannel.com reports. The fund bought 12,000 shares of the company’s stock, valued at approximately $1,194,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Clearbridge Investments LLC increased its stake in Vertiv by 15.4% during the 2nd quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company’s stock valued at $221,013,000 after purchasing an additional 340,639 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of Vertiv by 7.2% during the third quarter. Whittier Trust Co. now owns 127,210 shares of the company’s stock valued at $12,656,000 after buying an additional 8,579 shares during the last quarter. Janney Capital Management LLC bought a new stake in shares of Vertiv during the third quarter valued at approximately $8,403,000. Assenagon Asset Management S.A. raised its holdings in Vertiv by 190.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 55,923 shares of the company’s stock worth $5,564,000 after acquiring an additional 36,684 shares during the last quarter. Finally, KBC Group NV lifted its position in Vertiv by 46.8% in the 3rd quarter. KBC Group NV now owns 76,932 shares of the company’s stock valued at $7,654,000 after acquiring an additional 24,526 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Anand Sanghi sold 30,914 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the completion of the sale, the insider now owns 19,448 shares in the company, valued at approximately $2,751,114.08. This trade represents a 61.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the completion of the transaction, the executive vice president now directly owns 19,551 shares in the company, valued at $2,562,549.57. This trade represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 216,451 shares of company stock worth $26,699,153. Corporate insiders own 5.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Mizuho lifted their target price on Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. UBS Group initiated coverage on Vertiv in a research report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price for the company. Oppenheimer raised their price target on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Evercore ISI boosted their price objective on shares of Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, The Goldman Sachs Group raised their target price on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat, Vertiv has an average rating of “Buy” and an average target price of $138.50.

Vertiv Stock Down 3.6 %

Shares of VRT stock opened at $126.96 on Thursday. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The stock has a market cap of $47.65 billion, a P/E ratio of 84.64, a P/E/G ratio of 1.36 and a beta of 1.58. Vertiv Holdings Co has a 12 month low of $41.01 and a 12 month high of $145.67. The company has a 50 day simple moving average of $113.52 and a two-hundred day simple moving average of $95.89.

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

Vertiv Increases Dividend

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