TOMS Capital Investment Management LP Buys Shares of 483,500 Vertiv Holdings Co (NYSE:VRT)

TOMS Capital Investment Management LP bought a new stake in Vertiv Holdings Co (NYSE:VRT) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 483,500 shares of the company’s stock, valued at approximately $48,103,000. Vertiv makes up about 1.8% of TOMS Capital Investment Management LP’s portfolio, making the stock its 9th largest holding. TOMS Capital Investment Management LP owned approximately 0.13% of Vertiv as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in VRT. Anchor Investment Management LLC purchased a new position in Vertiv in the second quarter valued at $26,000. Mather Group LLC. raised its stake in shares of Vertiv by 132.5% in the 2nd 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 period. Krane Funds Advisors LLC purchased a new stake in shares of Vertiv in the 3rd quarter valued at approximately $29,000. Global Trust Asset Management LLC purchased a new stake in Vertiv during the 3rd quarter worth approximately $30,000. Finally, Mark Sheptoff Financial Planning LLC increased its stake in Vertiv by 200.0% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock worth $30,000 after buying an additional 200 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on VRT shares. Bank of America upped their target price on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. lifted their target price on shares of Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 19th. Citigroup lifted their target price on shares of Vertiv from $134.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Oppenheimer raised their price objective on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Finally, TD Cowen raised their price objective on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $138.50.

Insider Buying and Selling

In other news, Director Jakki L. Haussler sold 15,347 shares of the firm’s stock in a transaction on 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 directly owns 3,425 shares in the company, valued at approximately $470,526.50. This trade represents a 81.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Anand Sanghi sold 30,914 shares of the firm’s stock in a transaction on 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 owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. This trade represents a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 216,451 shares of company stock worth $26,699,153. Insiders own 5.01% of the company’s stock.

Vertiv Stock Performance

Shares of VRT opened at $127.60 on Monday. The firm has a 50-day moving average price of $114.87 and a 200 day moving average price of $96.26. The firm has a market capitalization of $47.89 billion, a PE ratio of 85.07, a P/E/G ratio of 1.31 and a beta of 1.58. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. Vertiv Holdings Co has a 52-week low of $42.50 and a 52-week high of $145.67.

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 analysts’ consensus estimates of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the company earned $0.52 EPS. Vertiv’s revenue was up 19.0% on a year-over-year basis. On average, sell-side analysts anticipate that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be issued a $0.0375 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%. This is an increase from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio is currently 6.67%.

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.