Vertiv Holdings Co (NYSE:VRT) Shares Acquired by Wolverine Asset Management LLC

Wolverine Asset Management LLC grew its stake in Vertiv Holdings Co (NYSE:VRT) by 252.0% during the fourth quarter, HoldingsChannel reports. The firm owned 44,000 shares of the company’s stock after purchasing an additional 31,500 shares during the quarter. Wolverine Asset Management LLC’s holdings in Vertiv were worth $2,113,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. FMR LLC grew its holdings in Vertiv by 182.4% during the third quarter. FMR LLC now owns 47,236,496 shares of the company’s stock worth $1,757,198,000 after acquiring an additional 30,511,907 shares during the period. Vanguard Group Inc. boosted its position in Vertiv by 12.1% during the third quarter. Vanguard Group Inc. now owns 31,628,757 shares of the company’s stock worth $1,176,590,000 after purchasing an additional 3,417,710 shares in the last quarter. Invesco Ltd. lifted its position in shares of Vertiv by 10.2% in the third quarter. Invesco Ltd. now owns 10,817,978 shares of the company’s stock valued at $402,429,000 after acquiring an additional 1,002,191 shares in the last quarter. Electron Capital Partners LLC lifted its position in shares of Vertiv by 31.6% in the third quarter. Electron Capital Partners LLC now owns 2,712,946 shares of the company’s stock valued at $100,922,000 after acquiring an additional 652,099 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in shares of Vertiv by 1,032.5% in the third quarter. Qube Research & Technologies Ltd now owns 2,258,888 shares of the company’s stock valued at $84,031,000 after acquiring an additional 2,059,431 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

VRT has been the topic of several recent research reports. Bank of America upped their price objective on Vertiv from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Oppenheimer increased their target price on Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a research report on Thursday. Citigroup increased their target price on Vertiv from $69.00 to $102.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Evercore ISI increased their target price on Vertiv from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. Finally, JPMorgan Chase & Co. increased their target price on Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.33.

Vertiv Stock Performance

Shares of NYSE:VRT opened at $84.53 on Thursday. The firm has a market capitalization of $32.29 billion, a PE ratio of 71.64, a P/E/G ratio of 1.26 and a beta of 1.59. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.74 and a quick ratio of 1.35. The business has a 50-day moving average of $75.35 and a two-hundred day moving average of $56.87. Vertiv Holdings Co has a 12 month low of $12.22 and a 12 month high of $94.39.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.37 by $0.06. Vertiv had a return on equity of 39.46% and a net margin of 6.71%. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same period in the prior year, the firm posted $0.24 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. As a group, research analysts forecast that Vertiv Holdings Co will post 2.36 earnings per share for the current year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 19th were paid a $0.025 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.12%. Vertiv’s dividend payout ratio (DPR) is currently 8.47%.

Insider Activity

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

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.