Vertiv Holdings Co (NYSE:VRT) Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC reduced its holdings in Vertiv Holdings Co (NYSE:VRT) by 38.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,602 shares of the company’s stock after selling 2,850 shares during the quarter. Metis Global Partners LLC’s holdings in Vertiv were worth $458,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Massachusetts Financial Services Co. MA purchased a new stake in shares of Vertiv during the 2nd quarter worth $331,091,000. Price T Rowe Associates Inc. MD boosted its holdings in Vertiv by 303.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock worth $390,143,000 after buying an additional 3,591,903 shares in the last quarter. Castle Hook Partners LP purchased a new stake in Vertiv during the first quarter worth about $135,987,000. Swedbank AB grew its position in Vertiv by 247.5% during the second quarter. Swedbank AB now owns 674,493 shares of the company’s stock worth $58,391,000 after buying an additional 480,394 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in Vertiv by 17.7% in the first quarter. Janus Henderson Group PLC now owns 3,002,197 shares of the company’s stock valued at $245,189,000 after buying an additional 451,830 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Vertiv Price Performance

Vertiv stock opened at $123.05 on Tuesday. The stock has a market capitalization of $46.19 billion, a P/E ratio of 82.03, a P/E/G ratio of 1.31 and a beta of 1.58. Vertiv Holdings Co has a 12-month low of $41.01 and a 12-month high of $130.30. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The firm’s 50-day moving average is $106.34 and its two-hundred day moving average is $93.93.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the previous year, the company earned $0.52 EPS. Vertiv’s revenue for the quarter was up 19.0% on a year-over-year basis. Equities analysts predict 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. Investors of record on Tuesday, December 3rd will be given a dividend of $0.0375 per share. This is an increase from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 0.12%. Vertiv’s dividend payout ratio is 6.67%.

Wall Street Analyst Weigh In

VRT has been the topic of a number of research reports. The Goldman Sachs Group lowered their price target on Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. UBS Group assumed coverage on Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price on the stock. Bank of America lifted their price target on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Mizuho increased their price objective on shares of Vertiv from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Evercore ISI raised 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. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $125.40.

Insiders Place Their Bets

In other news, insider Karsten Winther sold 44,924 shares of the stock in a transaction dated 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 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 5.01% of the stock is 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.