Daiwa Securities Group Inc. Purchases 40,356 Shares of Vertiv Holdings Co (NYSE:VRT)

Daiwa Securities Group Inc. increased its stake in Vertiv Holdings Co (NYSE:VRT) by 85.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 87,456 shares of the company’s stock after purchasing an additional 40,356 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Vertiv were worth $8,701,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Acadian Asset Management LLC lifted its holdings in shares of Vertiv by 1,019.3% in the 1st quarter. Acadian Asset Management LLC now owns 4,007 shares of the company’s stock valued at $326,000 after acquiring an additional 3,649 shares during the last quarter. Bayesian Capital Management LP purchased a new position in Vertiv in the first quarter valued at about $456,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of Vertiv during the first quarter worth $3,018,000. Dynasty Wealth Management LLC purchased a new stake in Vertiv in the first quarter valued at about $637,000. Finally, California State Teachers Retirement System grew its stake in shares of Vertiv by 5.8% during the first quarter. California State Teachers Retirement System now owns 579,672 shares of the company’s stock worth $47,342,000 after acquiring an additional 31,839 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Transactions at Vertiv

In other news, insider Anand Sanghi sold 30,914 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $141.46, for a total value of $4,373,094.44. Following the completion of the sale, the insider now directly owns 19,448 shares in the company, valued at $2,751,114.08. This represents a 61.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jakki L. Haussler sold 15,347 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the sale, the director now directly owns 3,425 shares of the company’s stock, valued at approximately $470,526.50. This represents a 81.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 91,185 shares of company stock valued at $10,074,936 over the last 90 days. Corporate insiders own 5.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Citigroup lifted their target price on shares of Vertiv from $134.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. UBS Group assumed 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. 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. Jefferies Financial Group began coverage on Vertiv in a research report on Monday, October 7th. They issued a “buy” rating and a $125.00 target price on the stock. Finally, The Goldman Sachs Group raised their price target on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $138.50.

Vertiv Trading Down 5.8 %

Shares of Vertiv stock opened at $132.03 on Tuesday. Vertiv Holdings Co has a fifty-two week low of $41.01 and a fifty-two week high of $145.67. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. The company has a market cap of $49.56 billion, a P/E ratio of 88.02, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58. The firm has a 50-day simple moving average of $111.84 and a two-hundred day simple moving average of $95.42.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.69 by $0.07. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. Vertiv’s quarterly 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. As a group, equities analysts predict that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Increases Dividend

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