Acadian Asset Management LLC Increases Stock Position in Vertiv Holdings Co (NYSE:VRT)

Acadian Asset Management LLC grew its position in Vertiv Holdings Co (NYSE:VRT) by 166.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,677 shares of the company’s stock after purchasing an additional 6,670 shares during the period. Acadian Asset Management LLC’s holdings in Vertiv were worth $922,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in VRT. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Vertiv in the fourth quarter valued at about $1,062,000. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Vertiv by 6.2% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 21,331 shares of the company’s stock valued at $1,025,000 after purchasing an additional 1,246 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Vertiv by 24.7% in the fourth quarter. Quadrant Capital Group LLC now owns 857 shares of the company’s stock valued at $41,000 after purchasing an additional 170 shares during the last quarter. Level Four Advisory Services LLC increased its holdings in Vertiv by 6.7% during the fourth quarter. Level Four Advisory Services LLC now owns 13,012 shares of the company’s stock worth $625,000 after buying an additional 813 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Vertiv by 4,848.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 212,071 shares of the company’s stock worth $10,186,000 after buying an additional 207,785 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Activity

In other news, insider Karsten Winther sold 44,924 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total value of $3,593,470.76. Following the completion of the transaction, the insider now directly owns 10,542 shares in the company, valued at $843,254.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.01% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on VRT. The Goldman Sachs Group decreased their price objective on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Mizuho upgraded shares of Vertiv from a “neutral” rating to an “outperform” rating and decreased their price objective for the stock from $95.00 to $92.00 in a report on Wednesday, August 7th. TD Cowen raised their price objective on shares of Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Finally, Evercore ISI restated an “outperform” rating and set a $105.00 price objective on shares of Vertiv in a report on Thursday, August 15th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $102.13.

Vertiv Price Performance

Shares of NYSE:VRT opened at $86.99 on Tuesday. The company has a 50-day moving average price of $79.64 and a two-hundred day moving average price of $84.91. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 1.90. Vertiv Holdings Co has a twelve month low of $34.60 and a twelve month high of $109.27. The firm has a market capitalization of $32.56 billion, a PE ratio of 83.64, a P/E/G ratio of 1.08 and a beta of 1.58.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the business earned $0.46 earnings per share. Vertiv’s revenue was up 12.6% compared to the same quarter last year. Equities analysts forecast that Vertiv Holdings Co will post 2.58 EPS for the current year.

Vertiv Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th will be given a $0.025 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.11%. Vertiv’s dividend payout ratio (DPR) is currently 9.62%.

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.