Natixis Advisors L.P. Trims Stake in Vertiv Holdings Co (NYSE:VRT)

Natixis Advisors L.P. lessened its stake in Vertiv Holdings Co (NYSE:VRT) by 34.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 340,900 shares of the company’s stock after selling 181,930 shares during the period. Natixis Advisors L.P. owned about 0.09% of Vertiv worth $16,373,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Commonwealth Equity Services LLC acquired a new position in Vertiv in the 3rd quarter worth about $2,241,000. Cambridge Investment Research Advisors Inc. raised its stake in shares of Vertiv by 5.6% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 48,099 shares of the company’s stock worth $1,789,000 after buying an additional 2,548 shares during the period. Xponance Inc. lifted its position in shares of Vertiv by 4.1% during the 3rd quarter. Xponance Inc. now owns 14,558 shares of the company’s stock valued at $542,000 after buying an additional 577 shares in the last quarter. Raymond James & Associates lifted its position in shares of Vertiv by 255.0% during the 3rd quarter. Raymond James & Associates now owns 67,375 shares of the company’s stock valued at $2,506,000 after buying an additional 48,396 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in Vertiv by 71.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 24,165 shares of the company’s stock valued at $899,000 after acquiring an additional 10,031 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on VRT. Oppenheimer increased their price objective on shares of Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Bank of America boosted their price objective on Vertiv from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Mizuho raised their target price on Vertiv from $56.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. Citigroup boosted their price target on Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Finally, Evercore ISI raised their price objective on Vertiv from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $81.11.

Insider Buying and Selling

In other Vertiv news, CAO Scott Cripps sold 56,594 shares of Vertiv stock in a transaction on Friday, March 8th. The stock was sold at an average price of $70.76, for a total value of $4,004,591.44. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CAO Scott Cripps sold 56,594 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $70.76, for a total value of $4,004,591.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Doherty Philip O’ sold 488,705 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $93.68, for a total transaction of $45,781,884.40. Following the sale, the director now owns 11,835,476 shares of the company’s stock, valued at approximately $1,108,747,391.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,362,790 shares of company stock worth $306,451,347. Company insiders own 5.62% of the company’s stock.

Vertiv Stock Performance

NYSE VRT opened at $97.26 on Tuesday. Vertiv Holdings Co has a fifty-two week low of $14.68 and a fifty-two week high of $97.28. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.98 and a current ratio of 1.34. The stock’s fifty day moving average is $80.18 and its two-hundred day moving average is $59.96. The firm has a market capitalization of $36.41 billion, a P/E ratio of 93.52, a price-to-earnings-growth ratio of 1.41 and a beta of 1.55.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.62 billion. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. Vertiv’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 earnings per share. On average, research analysts anticipate that Vertiv Holdings Co will post 2.42 earnings per share for the current year.

Vertiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.10%. The ex-dividend date was Monday, March 18th. Vertiv’s dividend payout ratio 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.