MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 12,610 Shares of Vertiv Holdings Co (NYSE:VRT)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Vertiv Holdings Co (NYSE:VRT) by 41.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,905 shares of the company’s stock after purchasing an additional 12,610 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Vertiv were worth $4,874,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. purchased a new stake in Vertiv in the fourth quarter worth approximately $26,000. OLD Second National Bank of Aurora purchased a new stake in Vertiv in the fourth quarter worth approximately $30,000. Tradewinds Capital Management LLC boosted its holdings in Vertiv by 61.3% in the fourth quarter. Tradewinds Capital Management LLC now owns 292 shares of the company’s stock worth $33,000 after purchasing an additional 111 shares during the last quarter. Pittenger & Anderson Inc. boosted its holdings in Vertiv by 92.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 313 shares of the company’s stock worth $36,000 after purchasing an additional 150 shares during the last quarter. Finally, Colonial Trust Co SC boosted its holdings in Vertiv by 211.9% in the fourth quarter. Colonial Trust Co SC now owns 315 shares of the company’s stock worth $36,000 after purchasing an additional 214 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Activity at Vertiv

In other Vertiv news, insider Karsten Winther sold 5,500 shares of Vertiv stock in a transaction on Friday, May 9th. The shares were sold at an average price of $94.33, for a total value of $518,815.00. Following the completion of the transaction, the insider now directly owns 18,847 shares of the company’s stock, valued at $1,777,837.51. This trade represents a 22.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 2.63% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on VRT shares. Roth Mkm assumed coverage on shares of Vertiv in a report on Tuesday, April 8th. They issued a “buy” rating and a $75.00 target price on the stock. Royal Bank of Canada assumed coverage on shares of Vertiv in a research report on Friday, March 7th. They issued an “outperform” rating and a $121.00 price target on the stock. Roth Capital upgraded shares of Vertiv to a “strong-buy” rating in a research report on Monday, April 7th. Melius Research reiterated a “hold” rating and issued a $125.00 price target on shares of Vertiv in a research report on Tuesday, January 28th. Finally, Cowen reiterated a “buy” rating on shares of Vertiv in a research report on Thursday, April 24th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $122.06.

Vertiv Stock Performance

VRT opened at $106.01 on Monday. The stock has a market capitalization of $40.40 billion, a price-to-earnings ratio of 82.82, a PEG ratio of 1.07 and a beta of 1.70. The company has a fifty day moving average of $82.70 and a 200 day moving average of $105.98. Vertiv Holdings Co has a fifty-two week low of $53.60 and a fifty-two week high of $155.84. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.02 and a current ratio of 1.65.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, April 23rd. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Vertiv had a net margin of 6.19% and a return on equity of 61.41%. Vertiv’s quarterly revenue was up 24.2% on a year-over-year basis. During the same period last year, the company posted $0.43 earnings per share. As a group, sell-side analysts forecast that Vertiv Holdings Co will post 3.59 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 18th were paid a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.15 annualized dividend and a yield of 0.14%. Vertiv’s payout ratio is 8.72%.

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.