OPTIMAS CAPITAL Ltd Has $4.08 Million Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

OPTIMAS CAPITAL Ltd increased its position in shares of Vertiv Holdings Co (NYSE:VRT) by 155.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,900 shares of the company’s stock after buying an additional 30,400 shares during the quarter. Vertiv accounts for 3.6% of OPTIMAS CAPITAL Ltd’s portfolio, making the stock its 12th biggest holding. OPTIMAS CAPITAL Ltd’s holdings in Vertiv were worth $4,075,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in VRT. Vanguard Group Inc. boosted its holdings in Vertiv by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 31,855,473 shares of the company’s stock valued at $1,530,018,000 after purchasing an additional 226,716 shares in the last quarter. Coatue Management LLC boosted its holdings in Vertiv by 19.5% during the fourth quarter. Coatue Management LLC now owns 13,811,848 shares of the company’s stock valued at $663,383,000 after purchasing an additional 2,249,353 shares in the last quarter. Norges Bank acquired a new stake in Vertiv during the fourth quarter valued at approximately $185,339,000. Robeco Schweiz AG raised its stake in shares of Vertiv by 0.4% in the fourth quarter. Robeco Schweiz AG now owns 2,793,300 shares of the company’s stock valued at $134,162,000 after acquiring an additional 12,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Vertiv by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,479,937 shares of the company’s stock valued at $119,111,000 after acquiring an additional 57,936 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Evercore ISI lifted their target price on shares of Vertiv from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Friday, June 14th. JPMorgan Chase & Co. lifted their target price on shares of Vertiv from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Citigroup lifted their target price on shares of Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. The Goldman Sachs Group lifted their target price on shares of Vertiv from $103.00 to $116.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Finally, Oppenheimer lifted their target price on shares of Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $92.11.

Vertiv Trading Down 3.4 %

VRT traded down $3.19 during trading on Friday, reaching $89.67. 10,282,432 shares of the company’s stock were exchanged, compared to its average volume of 7,848,742. The company’s fifty day moving average price is $94.65 and its 200-day moving average price is $77.24. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.98 and a current ratio of 1.34. Vertiv Holdings Co has a fifty-two week low of $25.09 and a fifty-two week high of $109.27. The firm has a market capitalization of $33.57 billion, a PE ratio of 86.19, a P/E/G ratio of 1.35 and a beta of 1.58.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Vertiv had a net margin of 5.79% and a return on equity of 44.95%. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the previous year, the business earned $0.24 EPS. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, equities analysts forecast that Vertiv Holdings Co will post 2.44 EPS for the current year.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Monday, June 17th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date was Monday, June 17th. Vertiv’s dividend payout ratio is presently 9.62%.

Insiders Place Their Bets

In other news, Director Doherty Philip O’ sold 9,529 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $109.30, for a total value of $1,041,519.70. Following the completion of the transaction, the director now owns 6,882,859 shares of the company’s stock, valued at approximately $752,296,488.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Roger Fradin sold 16,667 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $103.86, for a total value of $1,731,034.62. Following the completion of the transaction, the director now owns 218,333 shares of the company’s stock, valued at approximately $22,676,065.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Doherty Philip O’ sold 9,529 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $109.30, for a total transaction of $1,041,519.70. Following the completion of the transaction, the director now directly owns 6,882,859 shares of the company’s stock, valued at $752,296,488.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,162,739 shares of company stock valued at $400,713,362. Company insiders own 5.01% of the company’s stock.

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.