Itau Unibanco Holding S.A. Makes New Investment in Vertiv Holdings Co (NYSE:VRT)

Itau Unibanco Holding S.A. purchased a new stake in shares of Vertiv Holdings Co (NYSE:VRT) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 12,000 shares of the company’s stock, valued at approximately $1,039,000.

Several other institutional investors have also made changes to their positions in VRT. Quadrant Capital Group LLC lifted its stake in 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 acquiring an additional 170 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Vertiv by 296.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,205 shares of the company’s stock valued at $634,000 after purchasing an additional 9,870 shares during the last quarter. Franklin Resources Inc. bought a new stake in Vertiv in the fourth quarter worth $1,406,000. AXS Investments LLC increased its position in Vertiv by 15.6% during the fourth quarter. AXS Investments LLC now owns 17,000 shares of the company’s stock worth $817,000 after buying an additional 2,300 shares during the last quarter. Finally, Advisory Services Network LLC raised its holdings in Vertiv by 73.8% during the fourth quarter. Advisory Services Network LLC now owns 16,741 shares of the company’s stock valued at $804,000 after buying an additional 7,106 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Activity at Vertiv

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

Vertiv Stock Up 2.7 %

Shares of VRT stock opened at $94.54 on Friday. The stock has a 50 day moving average of $79.49 and a 200-day moving average of $85.36. The firm has a market cap of $35.39 billion, a PE ratio of 90.90, a price-to-earnings-growth ratio of 1.08 and a beta of 1.58. 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 12 month low of $34.60 and a 12 month high of $109.27.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share 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 firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the firm earned $0.46 EPS. The business’s revenue was up 12.6% on a year-over-year basis. On average, equities analysts predict that Vertiv Holdings Co will post 2.58 EPS for the current year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Tuesday, September 17th will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.10 annualized dividend and a yield of 0.11%. Vertiv’s dividend payout ratio is 9.62%.

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.