Insight Holdings Group LLC Buys 12,700 Shares of Vertiv Holdings Co (NYSE:VRT)

Insight Holdings Group LLC increased its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 65.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,200 shares of the company’s stock after buying an additional 12,700 shares during the quarter. Vertiv comprises approximately 0.1% of Insight Holdings Group LLC’s investment portfolio, making the stock its 23rd biggest holding. Insight Holdings Group LLC’s holdings in Vertiv were worth $3,204,000 at the end of the most recent reporting period.

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

Vertiv Stock Performance

Shares of VRT stock traded up $2.90 during trading hours on Tuesday, reaching $129.91. 276,033 shares of the company’s stock were exchanged, compared to its average volume of 8,139,833. The business has a fifty day moving average price of $114.87 and a 200-day moving average price of $96.26. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The stock has a market capitalization of $48.76 billion, a P/E ratio of 84.69, a P/E/G ratio of 1.31 and a beta of 1.61. Vertiv Holdings Co has a fifty-two week low of $43.66 and a fifty-two week high of $145.67.

Vertiv (NYSE:VRT) last posted its quarterly earnings results 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 firm 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%. The business’s revenue was up 19.0% compared to the same quarter last year. During the same period last year, the company earned $0.52 earnings per share. Analysts predict that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

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

Analyst Ratings Changes

VRT has been the topic of a number of analyst reports. Mizuho increased their price objective on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. UBS Group began coverage on Vertiv in a research report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price on the stock. JPMorgan Chase & Co. increased their price target on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. Evercore ISI boosted their target price on Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Jefferies Financial Group started coverage on Vertiv in a research report on Monday, October 7th. They set a “buy” rating and a $125.00 target price on the stock. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $138.50.

Insider Buying and Selling

In other news, insider Anand Sanghi sold 30,914 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $2,751,114.08. This 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 firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total value of $11,353,152.33. Following the transaction, the executive vice president now owns 19,551 shares of the company’s stock, valued at $2,562,549.57. The trade was a 81.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 171,527 shares of company stock worth $23,105,682. Insiders own 5.01% of the company’s stock.

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.