939,601 Shares in Vertiv Holdings Co (NYSE:VRT) Acquired by Blue Whale Capital LLP

Blue Whale Capital LLP acquired a new position in Vertiv Holdings Co (NYSE:VRT) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 939,601 shares of the company’s stock, valued at approximately $93,481,000. Vertiv comprises 7.3% of Blue Whale Capital LLP’s investment portfolio, making the stock its 4th largest holding. Blue Whale Capital LLP owned approximately 0.25% of Vertiv as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Krane Funds Advisors LLC bought a new position in Vertiv during the third quarter valued at approximately $29,000. Anchor Investment Management LLC bought a new position in Vertiv during the second quarter valued at approximately $26,000. Global Trust Asset Management LLC bought a new position in Vertiv during the third quarter valued at approximately $30,000. Mather Group LLC. grew its position in Vertiv by 132.5% during the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after acquiring an additional 200 shares during the last quarter. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Vertiv during the third quarter valued at approximately $36,000. 89.92% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction dated Tuesday, September 3rd. The stock was 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 in the company, valued at approximately $843,254.58. This trade represents a 80.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jakki L. Haussler sold 15,347 shares of Vertiv stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total value of $2,108,370.86. Following the completion of the sale, the director now owns 3,425 shares of the company’s stock, valued at $470,526.50. The trade was a 81.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 91,185 shares of company stock worth $10,074,936 over the last three months. 5.01% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on VRT shares. UBS Group started coverage on Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 price objective for the company. TD Cowen increased their price objective on Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. The Goldman Sachs Group raised their price target on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Evercore ISI raised their price target on Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Citigroup raised their price target on Vertiv from $134.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $138.50.

Vertiv Price Performance

Shares of NYSE:VRT opened at $140.15 on Monday. Vertiv Holdings Co has a 1-year low of $41.01 and a 1-year high of $145.67. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The business has a fifty day moving average price of $110.94 and a 200-day moving average price of $95.18. The company has a market capitalization of $52.60 billion, a PE ratio of 93.43, a PEG ratio of 1.44 and a beta of 1.58.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the company earned $0.52 earnings per share. The company’s revenue was up 19.0% on a year-over-year basis. As a group, equities analysts expect that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.0375 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This is an increase from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a dividend yield of 0.11%. Vertiv’s dividend payout ratio (DPR) is presently 6.67%.

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.