Whittier Trust Co. Purchases 8,579 Shares of Vertiv Holdings Co (NYSE:VRT)

Whittier Trust Co. lifted its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 7.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 127,210 shares of the company’s stock after buying an additional 8,579 shares during the quarter. Whittier Trust Co.’s holdings in Vertiv were worth $12,656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Anchor Investment Management LLC purchased a new position in shares of Vertiv during the second quarter valued at about $26,000. Atticus Wealth Management LLC purchased a new stake in Vertiv in the first quarter worth about $27,000. Mather Group LLC. grew its holdings in Vertiv by 132.5% in the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after purchasing an additional 200 shares during the period. Krane Funds Advisors LLC purchased a new stake in Vertiv in the third quarter worth about $29,000. Finally, Hazlett Burt & Watson Inc. purchased a new stake in Vertiv in the first quarter worth about $34,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Transactions at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total value of $3,593,470.76. Following the completion of the sale, the insider now directly owns 10,542 shares of the company’s stock, valued at $843,254.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 5.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on VRT. Oppenheimer upped their price objective on shares of Vertiv from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Evercore ISI upped their price objective on shares of Vertiv from $105.00 to $125.00 and gave the stock an “outperform” rating in a report on Monday, October 7th. TD Cowen upped their target price on shares of Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Bank of America upped their target price on shares of Vertiv from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Finally, The Goldman Sachs Group dropped their target price on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $112.44.

Vertiv Stock Performance

Vertiv stock traded down $0.09 during midday trading on Monday, reaching $112.16. 4,541,968 shares of the company traded hands, compared to its average volume of 8,323,585. The firm has a market capitalization of $41.99 billion, a price-to-earnings ratio of 107.67, a price-to-earnings-growth ratio of 1.42 and a beta of 1.59. The business has a 50 day moving average of $90.31 and a two-hundred day moving average of $89.29. Vertiv Holdings Co has a 12 month low of $34.60 and a 12 month high of $116.19. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 1.00.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the firm earned $0.46 earnings per share. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. As a group, research analysts predict that Vertiv Holdings Co will post 2.58 earnings per share for the current year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were paid a $0.025 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.09%. Vertiv’s dividend payout ratio (DPR) is presently 9.62%.

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.