True Wealth Design LLC Acquires 351 Shares of Vertiv Holdings Co (NYSE:VRT)

True Wealth Design LLC lifted its holdings in Vertiv Holdings Co (NYSE:VRT) by 2,340.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 366 shares of the company’s stock after purchasing an additional 351 shares during the quarter. True Wealth Design LLC’s holdings in Vertiv were worth $36,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in VRT. Jennison Associates LLC lifted its position in Vertiv by 10,825.0% during the 3rd quarter. Jennison Associates LLC now owns 4,600,415 shares of the company’s stock worth $457,695,000 after buying an additional 4,558,306 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in shares of Vertiv in the second quarter valued at about $331,091,000. Castle Hook Partners LP raised its holdings in Vertiv by 215.6% during the third quarter. Castle Hook Partners LP now owns 1,864,426 shares of the company’s stock worth $185,492,000 after acquiring an additional 1,273,746 shares in the last quarter. Blue Whale Capital LLP acquired a new position in Vertiv during the third quarter valued at approximately $93,481,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Vertiv by 297.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 908,251 shares of the company’s stock valued at $90,362,000 after purchasing an additional 679,565 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. UBS Group assumed coverage on Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 price objective on the stock. Evercore ISI upped their target price on shares of Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. TD Cowen increased their price target on Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Mizuho raised their price objective on shares of Vertiv from $125.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Finally, Oppenheimer lifted their target price on Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Vertiv currently has an average rating of “Buy” and a consensus target price of $138.50.

Vertiv Price Performance

Shares of NYSE:VRT opened at $127.60 on Monday. The firm has a 50 day moving average of $114.87 and a 200-day moving average of $96.26. Vertiv Holdings Co has a 12 month low of $42.50 and a 12 month high of $145.67. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The stock has a market capitalization of $47.89 billion, a PE ratio of 85.07, a PEG ratio of 1.31 and a beta of 1.58.

Vertiv (NYSE:VRT) last announced 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 business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The company’s revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 earnings per share. On average, equities research analysts predict that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

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

Insiders Place Their Bets

In related news, insider Karsten Winther sold 44,924 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the completion of the transaction, the insider now directly owns 10,542 shares in the company, valued at $843,254.58. This represents a 80.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $131.07, for a total transaction of $11,353,152.33. Following the completion of the sale, the executive vice president now owns 19,551 shares in the company, valued at $2,562,549.57. This represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 216,451 shares of company stock valued at $26,699,153. 5.01% of the stock is currently owned by corporate insiders.

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.