Tokio Marine Asset Management Co. Ltd. Acquires 9,275 Shares of Vertiv Holdings Co (NYSE:VRT)

Tokio Marine Asset Management Co. Ltd. boosted its position in Vertiv Holdings Co (NYSE:VRT) by 319.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,175 shares of the company’s stock after acquiring an additional 9,275 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Vertiv were worth $1,211,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Anchor Investment Management LLC bought a new position in shares of Vertiv during the 2nd quarter worth about $26,000. Mather Group LLC. increased its position in shares of Vertiv by 132.5% during the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after acquiring an additional 200 shares during the last quarter. Krane Funds Advisors LLC bought a new stake in Vertiv in the third quarter worth about $29,000. Global Trust Asset Management LLC purchased a new stake in Vertiv in the third quarter worth $30,000. Finally, OFI Invest Asset Management purchased a new position in shares of Vertiv in the second quarter worth about $34,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Trading Down 0.1 %

VRT opened at $120.86 on Friday. 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 company’s 50 day simple moving average is $104.39 and its two-hundred day simple moving average is $93.49. The firm has a market capitalization of $45.36 billion, a price-to-earnings ratio of 80.57, a price-to-earnings-growth ratio of 1.35 and a beta of 1.58. Vertiv Holdings Co has a 1-year low of $41.01 and a 1-year high of $130.30.

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

Vertiv Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.08%. The ex-dividend date of this dividend was Tuesday, September 17th. Vertiv’s payout ratio is currently 6.67%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Oppenheimer upped their price target on shares of Vertiv from $115.00 to $121.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. TD Cowen increased their target price on shares of Vertiv from $93.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Bank of America lifted their target price on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Mizuho boosted their target price on shares of Vertiv from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, UBS Group began coverage on Vertiv in a research note on Wednesday. They set a “buy” rating and a $155.00 price objective for the company. Ten analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $125.40.

Insider Buying and Selling

In other news, insider Karsten Winther sold 44,924 shares of the business’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 transaction of $3,593,470.76. Following the sale, the insider now owns 10,542 shares of the company’s stock, valued at $843,254.58. The trade was a 80.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.01% 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.