Vertiv Holdings Co (NYSE:VRT) Shares Sold by Huntington National Bank

Huntington National Bank reduced its holdings in Vertiv Holdings Co (NYSE:VRT) by 10.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 929 shares of the company’s stock after selling 114 shares during the period. Huntington National Bank’s holdings in Vertiv were worth $92,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VRT. US Bancorp DE lifted its stake in Vertiv by 25.7% in the 1st quarter. US Bancorp DE now owns 14,412 shares of the company’s stock worth $1,177,000 after purchasing an additional 2,951 shares in the last quarter. Blair William & Co. IL purchased a new position in Vertiv during the first quarter worth approximately $284,000. Acadian Asset Management LLC boosted its stake in Vertiv by 1,019.3% during the first quarter. Acadian Asset Management LLC now owns 4,007 shares of the company’s stock worth $326,000 after buying an additional 3,649 shares during the last quarter. Covestor Ltd grew its holdings in Vertiv by 31.4% in the 1st quarter. Covestor Ltd now owns 1,826 shares of the company’s stock valued at $149,000 after buying an additional 436 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of Vertiv by 37.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 11,535 shares of the company’s stock worth $942,000 after acquiring an additional 3,114 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Trading Up 1.8 %

Shares of NYSE VRT opened at $123.05 on Tuesday. 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 $46.19 billion, a PE ratio of 82.03, a PEG ratio of 1.31 and a beta of 1.58. Vertiv Holdings Co has a twelve month low of $41.01 and a twelve month high of $130.30. The stock has a fifty day simple moving average of $106.34 and a 200-day simple moving average of $93.93.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.07. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. Vertiv’s revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 EPS. On average, equities analysts forecast that Vertiv Holdings Co will post 2.69 earnings per share for the current 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 issued a dividend of $0.0375 per share. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a yield of 0.12%. Vertiv’s dividend payout ratio is 6.67%.

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total value of $3,593,470.76. Following the sale, the insider now owns 10,542 shares of the company’s stock, valued at $843,254.58. This trade represents a 80.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.01% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group lowered their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Citigroup boosted their target price on shares of Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a report on Thursday, October 24th. UBS Group began coverage on shares of Vertiv in a report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price target for the company. Bank of America upped their price objective on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group began coverage on Vertiv in a research note on Monday, October 7th. They set a “buy” rating and a $125.00 target price for the company. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $125.40.

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.