TCW Group Inc. Raises Stake in Vertiv Holdings Co (NYSE:VRT)

TCW Group Inc. boosted its stake in Vertiv Holdings Co (NYSE:VRT) by 9.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 498,387 shares of the company’s stock after acquiring an additional 43,148 shares during the quarter. TCW Group Inc. owned about 0.13% of Vertiv worth $49,585,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Anchor Investment Management LLC bought a new stake in Vertiv in the second quarter valued at $26,000. Krane Funds Advisors LLC bought a new position in Vertiv in the 3rd quarter worth about $29,000. Global Trust Asset Management LLC acquired a new stake in shares of Vertiv in the third quarter valued at approximately $30,000. Mark Sheptoff Financial Planning LLC raised its holdings in shares of Vertiv by 200.0% during the third quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the company’s stock valued at $30,000 after buying an additional 200 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Vertiv during the third quarter worth approximately $30,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Jan Van Dokkum sold 38,647 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $136.39, for a total transaction of $5,271,064.33. Following the completion of the sale, the director now directly owns 25,000 shares in the company, valued at approximately $3,409,750. This trade represents a 60.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Stephen Liang sold 86,619 shares of the company’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 transaction, the executive vice president now owns 19,551 shares in the company, valued at approximately $2,562,549.57. This represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 171,527 shares of company stock worth $23,105,682 over the last 90 days. 5.01% of the stock is owned by company insiders.

Vertiv Trading Down 3.5 %

Vertiv stock opened at $121.74 on Wednesday. Vertiv Holdings Co has a 1 year low of $44.31 and a 1 year high of $145.67. The firm’s 50 day moving average price is $119.12 and its two-hundred day moving average price is $97.69. The firm has a market cap of $45.69 billion, a price-to-earnings ratio of 81.16, a price-to-earnings-growth ratio of 1.38 and a beta of 1.61. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the firm earned $0.52 earnings per share. Vertiv’s revenue for the quarter was up 19.0% compared to the same quarter last year. On average, research analysts predict that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

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

Analysts Set New Price Targets

Several brokerages have weighed in on VRT. UBS Group initiated coverage on Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 target price on the stock. Evercore ISI increased their target price on shares of Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Mizuho boosted their price target 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. Oppenheimer increased their price objective on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report 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, Vertiv has a consensus rating of “Buy” and a consensus price target of $139.90.

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.