Plato Investment Management Ltd Has $1.98 Million Holdings in Vertiv Holdings Co (NYSE:VRT)

Plato Investment Management Ltd increased its holdings in Vertiv Holdings Co (NYSE:VRT) by 723.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,192 shares of the company’s stock after buying an additional 21,254 shares during the period. Plato Investment Management Ltd’s holdings in Vertiv were worth $1,976,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bogart Wealth LLC bought a new stake in shares of Vertiv in the first quarter worth $25,000. GAMMA Investing LLC acquired a new stake in shares of Vertiv in the 4th quarter worth about $26,000. Raleigh Capital Management Inc. raised its holdings in shares of Vertiv by 79.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 571 shares of the company’s stock worth $27,000 after acquiring an additional 252 shares during the last quarter. Atticus Wealth Management LLC acquired a new stake in shares of Vertiv in the 1st quarter worth about $27,000. Finally, Hazlett Burt & Watson Inc. acquired a new stake in shares of Vertiv in the 1st quarter worth about $34,000. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on VRT. Oppenheimer upped their price objective on shares of Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. upped their price objective on shares of Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Citigroup upped their price objective on shares of Vertiv from $102.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Evercore ISI upped their price objective on shares of Vertiv from $95.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, June 14th. Finally, Mizuho upped their price objective on shares of Vertiv from $56.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $96.56.

Insider Transactions at Vertiv

In other news, EVP Anders Karlborg sold 46,206 shares of Vertiv stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $93.75, for a total value of $4,331,812.50. Following the completion of the sale, the executive vice president now directly owns 23,003 shares in the company, valued at $2,156,531.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Doherty Philip O’ sold 9,529 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $109.30, for a total transaction of $1,041,519.70. Following the completion of the sale, the director now directly owns 6,882,859 shares in the company, valued at $752,296,488.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Anders Karlborg sold 46,206 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $93.75, for a total transaction of $4,331,812.50. Following the sale, the executive vice president now owns 23,003 shares of the company’s stock, valued at $2,156,531.25. The disclosure for this sale can be found here. Insiders sold 1,162,739 shares of company stock worth $119,773,814 over the last three months. 5.01% of the stock is currently owned by company insiders.

Vertiv Stock Down 5.9 %

Vertiv stock traded down $4.68 during trading hours on Thursday, hitting $74.02. The stock had a trading volume of 10,453,389 shares, compared to its average volume of 8,713,608. The company has a quick ratio of 0.98, a current ratio of 1.36 and a debt-to-equity ratio of 1.90. The stock has a market capitalization of $27.71 billion, a P/E ratio of 71.96, a price-to-earnings-growth ratio of 0.95 and a beta of 1.58. Vertiv Holdings Co has a 12-month low of $31.57 and a 12-month high of $109.27. The stock’s 50-day moving average price is $90.52 and its 200-day moving average price is $80.54.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.10. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the business posted $0.46 earnings per share. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. Equities research analysts anticipate that Vertiv Holdings Co will post 2.58 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Monday, June 17th were paid a $0.025 dividend. The ex-dividend date of this dividend was Monday, June 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.14%. Vertiv’s dividend payout ratio is presently 9.62%.

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.