Nordea Investment Management AB Buys 936,698 Shares of Vertiv Holdings Co (NYSE:VRT)

Nordea Investment Management AB lifted its stake in Vertiv Holdings Co (NYSE:VRT) by 3,417.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 964,104 shares of the company’s stock after buying an additional 936,698 shares during the period. Nordea Investment Management AB’s holdings in Vertiv were worth $110,544,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in VRT. ORG Partners LLC grew its holdings in shares of Vertiv by 25.1% during the 3rd quarter. ORG Partners LLC now owns 458 shares of the company’s stock worth $46,000 after purchasing an additional 92 shares in the last quarter. Allworth Financial LP boosted its stake in Vertiv by 18.6% during the third quarter. Allworth Financial LP now owns 638 shares of the company’s stock worth $63,000 after buying an additional 100 shares in the last quarter. NBC Securities Inc. increased its holdings in Vertiv by 0.9% in the 3rd quarter. NBC Securities Inc. now owns 13,125 shares of the company’s stock valued at $1,305,000 after buying an additional 112 shares during the period. Nvwm LLC raised its stake in shares of Vertiv by 1.3% in the 3rd quarter. Nvwm LLC now owns 10,035 shares of the company’s stock valued at $998,000 after buying an additional 124 shares in the last quarter. Finally, Callan Family Office LLC lifted its holdings in shares of Vertiv by 0.9% during the 3rd quarter. Callan Family Office LLC now owns 14,989 shares of the company’s stock worth $1,491,000 after acquiring an additional 137 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. The Goldman Sachs Group increased their price target on shares of Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Citigroup increased their target price on Vertiv from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Mizuho boosted their price target on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. UBS Group assumed coverage on Vertiv in a research note on Wednesday, November 13th. They set a “buy” rating and a $155.00 price objective for the company. Finally, Barclays started coverage on shares of Vertiv in a research report on Thursday, December 12th. They issued an “equal weight” rating and a $142.00 price target on the stock. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $140.92.

Vertiv Stock Performance

Shares of Vertiv stock opened at $134.07 on Tuesday. The firm has a 50 day simple moving average of $123.23 and a 200 day simple moving average of $101.06. Vertiv Holdings Co has a fifty-two week low of $46.62 and a fifty-two week high of $145.67. 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 has a market cap of $50.32 billion, a P/E ratio of 89.38, a P/E/G ratio of 1.29 and a beta of 1.63.

Vertiv (NYSE:VRT) last released its earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period last year, the firm earned $0.52 EPS. The business’s revenue for the quarter was up 19.0% on a year-over-year basis. Sell-side analysts predict that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd were given a dividend of $0.0375 per share. The ex-dividend date was Tuesday, December 3rd. This is an increase from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. Vertiv’s dividend payout ratio is presently 6.67%.

Insider Activity

In other news, EVP Stephen Liang sold 86,619 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the transaction, the executive vice president now owns 19,551 shares of the company’s stock, valued at $2,562,549.57. This represents a 81.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value of $4,373,094.44. Following the sale, the insider now directly owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. This trade represents a 61.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 171,527 shares of company stock valued at $23,105,682. 5.01% of the stock is currently owned by insiders.

About Vertiv

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.