Daiwa Securities Group Inc. Invests $1.11 Million in Vertiv Holdings Co (NYSE:VRT)

Daiwa Securities Group Inc. purchased a new position in Vertiv Holdings Co (NYSE:VRT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,100 shares of the company’s stock, valued at approximately $1,110,000.

Several other institutional investors have also recently made changes to their positions in the company. FMR LLC increased its stake in Vertiv by 182.4% in the third quarter. FMR LLC now owns 47,236,496 shares of the company’s stock valued at $1,757,198,000 after acquiring an additional 30,511,907 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Vertiv by 12.1% during the third quarter. Vanguard Group Inc. now owns 31,628,757 shares of the company’s stock valued at $1,176,590,000 after buying an additional 3,417,710 shares during the last quarter. Qube Research & Technologies Ltd grew its stake in shares of Vertiv by 1,032.5% during the third quarter. Qube Research & Technologies Ltd now owns 2,258,888 shares of the company’s stock valued at $84,031,000 after buying an additional 2,059,431 shares during the last quarter. Eagle Asset Management Inc. bought a new position in shares of Vertiv during the third quarter valued at about $69,482,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Vertiv by 2,223.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,801,467 shares of the company’s stock valued at $67,015,000 after buying an additional 1,723,936 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Vertiv Price Performance

Shares of NYSE VRT opened at $84.53 on Thursday. Vertiv Holdings Co has a fifty-two week low of $12.22 and a fifty-two week high of $94.39. The company has a 50 day simple moving average of $75.35 and a two-hundred day simple moving average of $56.87. The company has a market capitalization of $32.29 billion, a price-to-earnings ratio of 71.64, a P/E/G ratio of 1.21 and a beta of 1.59. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.35 and a current ratio of 1.74.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, February 21st. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.88 billion. Vertiv had a net margin of 6.71% and a return on equity of 39.46%. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 earnings per share. Analysts expect that Vertiv Holdings Co will post 2.36 EPS for the current fiscal year.

Vertiv Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 19th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.12%. The ex-dividend date was Monday, March 18th. Vertiv’s dividend payout ratio (DPR) is currently 8.47%.

Insider Activity at Vertiv

In related news, CAO Scott Cripps sold 56,594 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $70.76, for a total transaction of $4,004,591.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Vertiv news, EVP Stephen Liang sold 306,196 shares of Vertiv stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $70.24, for a total value of $21,507,207.04. Following the completion of the sale, the executive vice president now owns 51,841 shares of the company’s stock, valued at approximately $3,641,311.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Scott Cripps sold 56,594 shares of Vertiv stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $70.76, for a total transaction of $4,004,591.44. The disclosure for this sale can be found here. 5.62% of the stock is owned by insiders.

Analysts Set New Price Targets

VRT has been the topic of a number of recent research reports. Mizuho raised their price objective on Vertiv from $50.00 to $56.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Evercore ISI increased their target price on shares of Vertiv from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, April 5th. Oppenheimer started coverage on shares of Vertiv in a report on Friday, April 5th. They set an “outperform” rating and a $96.00 target price for the company. JPMorgan Chase & Co. increased their target price on shares of Vertiv from $65.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Finally, Citigroup raised their price objective on shares of Vertiv from $69.00 to $102.00 and gave the stock a “buy” rating in a report on Monday, April 8th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $74.56.

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.