Vertiv Holdings Co (NYSE:VRT) Holdings Trimmed by Ausbil Investment Management Ltd

Ausbil Investment Management Ltd lowered its position in shares of Vertiv Holdings Co (NYSE:VRT) by 26.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,003 shares of the company’s stock after selling 17,226 shares during the quarter. Vertiv accounts for approximately 1.9% of Ausbil Investment Management Ltd’s investment portfolio, making the stock its 21st largest position. Ausbil Investment Management Ltd’s holdings in Vertiv were worth $3,859,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Norges Bank acquired a new position in shares of Vertiv in the 4th quarter valued at $185,339,000. Vanguard Group Inc. boosted its position in shares of Vertiv by 12.1% in the 3rd quarter. Vanguard Group Inc. now owns 31,628,757 shares of the company’s stock valued at $1,176,590,000 after purchasing an additional 3,417,710 shares during the period. Coatue Management LLC boosted its position in shares of Vertiv by 19.5% in the 4th quarter. Coatue Management LLC now owns 13,811,848 shares of the company’s stock valued at $663,383,000 after purchasing an additional 2,249,353 shares during the period. Qube Research & Technologies Ltd lifted its stake in Vertiv by 1,032.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 2,258,888 shares of the company’s stock worth $84,031,000 after acquiring an additional 2,059,431 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new stake in Vertiv in the 3rd quarter worth about $46,483,000. Institutional investors own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

VRT has been the subject of several research analyst reports. Mizuho increased their price objective on Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. The Goldman Sachs Group increased their price objective on Vertiv from $103.00 to $116.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Oppenheimer increased their price objective on Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Citigroup increased their price objective on Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Finally, Bank of America raised their price target on Vertiv from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Vertiv has an average rating of “Moderate Buy” and an average target price of $92.11.

Vertiv Stock Performance

VRT traded up $1.56 on Friday, hitting $88.44. The company had a trading volume of 1,525,863 shares, compared to its average volume of 8,355,887. The company’s fifty day moving average price is $93.71 and its 200 day moving average price is $73.87. Vertiv Holdings Co has a 1-year low of $23.51 and a 1-year high of $109.27. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.34 and a quick ratio of 0.98. The stock has a market cap of $33.11 billion, a price-to-earnings ratio of 83.54, a price-to-earnings-growth ratio of 1.27 and a beta of 1.56.

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

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Monday, June 17th were issued a $0.025 dividend. The ex-dividend date of this dividend was Monday, June 17th. This represents a $0.10 annualized dividend and a yield of 0.11%. Vertiv’s dividend payout ratio (DPR) is currently 9.62%.

Insiders Place Their Bets

In other Vertiv news, Director Doherty Philip O’ sold 488,705 shares of Vertiv stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $93.68, for a total value of $45,781,884.40. Following the transaction, the director now directly owns 11,835,476 shares of the company’s stock, valued at approximately $1,108,747,391.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Vertiv news, EVP Anders Karlborg sold 46,206 shares of Vertiv stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $93.75, for a total value of $4,331,812.50. Following the transaction, the executive vice president now directly owns 23,003 shares of the company’s stock, valued at approximately $2,156,531.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Doherty Philip O’ sold 488,705 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $93.68, for a total value of $45,781,884.40. Following the sale, the director now owns 11,835,476 shares in the company, valued at $1,108,747,391.68. The disclosure for this sale can be found here. Insiders have sold a total of 4,162,739 shares of company stock valued at $400,713,362 in the last three months. Company insiders own 5.01% of the company’s stock.

About Vertiv

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.