Vertiv Holdings Co. $VRT Shares Acquired by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. lifted its stake in Vertiv Holdings Co. (NYSE:VRT) by 40.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 448,817 shares of the company’s stock after acquiring an additional 128,751 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Vertiv were worth $108,304,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in VRT. State Street Corp lifted its holdings in Vertiv by 4.5% in the 2nd quarter. State Street Corp now owns 16,531,530 shares of the company’s stock worth $5,535,087,000 after purchasing an additional 704,970 shares during the last quarter. Wellington Management Group LLP grew its holdings in Vertiv by 14.1% during the second quarter. Wellington Management Group LLP now owns 3,794,360 shares of the company’s stock valued at $1,270,428,000 after purchasing an additional 468,380 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Vertiv by 1.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,709,276 shares of the company’s stock valued at $678,890,000 after purchasing an additional 51,328 shares during the last quarter. Legal & General Group Plc grew its holdings in Vertiv by 1.1% during the second quarter. Legal & General Group Plc now owns 2,138,967 shares of the company’s stock valued at $716,169,000 after purchasing an additional 23,444 shares during the last quarter. Finally, Jupiter Topco LLC bought a new position in shares of Vertiv in the second quarter valued at approximately $441,083,000. 89.92% of the stock is owned by institutional investors.

Vertiv Stock Performance

VRT traded down $8.04 during midday trading on Friday, reaching $201.60. The company’s stock had a trading volume of 5,398,707 shares, compared to its average volume of 8,575,370. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 0.53. The company has a fifty day simple moving average of $231.31 and a 200 day simple moving average of $270.23. The stock has a market cap of $77.63 billion, a P/E ratio of 37.68, a PEG ratio of 0.67 and a beta of 2.11. Vertiv Holdings Co. has a twelve month low of $147.82 and a twelve month high of $379.93.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.39. Vertiv had a return on equity of 53.31% and a net margin of 15.99%. The company had revenue of $4.31 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same period in the previous year, the company earned $1.24 earnings per share. The company’s quarterly revenue was up 61.2% compared to the same quarter last year. Research analysts expect that Vertiv Holdings Co. will post 7.17 earnings per share for the current year.

Vertiv Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Tuesday, November 24th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, November 24th. This is a positive change from Vertiv’s previous quarterly dividend of $0.0625. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. Vertiv’s dividend payout ratio is 4.67%.

Wall Street Analyst Weigh In

VRT has been the subject of several recent analyst reports. Wall Street Zen raised shares of Vertiv from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 8th. Deutsche Bank lowered their target price on shares of Vertiv from $331.00 to $323.00 and set a “buy” rating on the stock in a research note on Wednesday, September 30th. Loop Capital dropped their target price on shares of Vertiv from $500.00 to $400.00 and set a “buy” rating on the stock in a report on Friday, July 31st. BNP Paribas Exane cut their target price on shares of Vertiv from $380.00 to $365.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. Finally, Evercore set a $375.00 price target on shares of Vertiv in a report on Wednesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Vertiv currently has an average rating of “Moderate Buy” and a consensus target price of $333.70.

Trending Headlines about Vertiv

These are some of the VRT headlines that stood out recently:

• Positive Sentiment: The company launched the PowerStation 3100 RPP, a power-distribution panel designed for AI and high-performance-computing racks above 100 kW. It supports 600–1,200 amps on one platform and is available in North America, giving Vertiv another product aimed at data-center demand. Vertiv introduces high-density remote power panel
• Positive Sentiment: Vertiv also introduced PowerNexus MV UPS, an outdoor medium-voltage system intended to help AI data centers connect to the grid faster and preserve indoor space for computing equipment. The company plans a dedicated laboratory to develop and test the technology. Vertiv introduces medium-voltage power system
• Negative Sentiment: Recent bearish commentary highlights Vertiv’s weak chart and suggests waiting for a substantially lower entry price. That reflects investor concern about the stock’s near-term momentum, despite the company’s product announcements and growth prospects. Vertiv: Good quarter, crushed chart

Insider Transactions at Vertiv

In related news, Director Edward Monser sold 15,287 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $253.82, for a total transaction of $3,880,146.34. Following the transaction, the director owned 16,500 shares of the company’s stock, valued at approximately $4,188,030. The trade was a 48.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.10% of the company’s stock.

Vertiv Profile

Vertiv Holdings Co. (NYSE: VRT) designs, manufactures and services critical digital infrastructure used by data centers, communications networks and commercial and industrial facilities. Its offerings help customers maintain reliable power, cooling and operating conditions for technology systems. The company’s products and solutions include uninterruptible power supplies, power distribution equipment, thermal management systems, racks, integrated modular infrastructure, and monitoring and control software.