Parcion Private Wealth LLC Invests $429,000 in Vertiv Holdings Co (NYSE:VRT)

Parcion Private Wealth LLC acquired a new position in shares of Vertiv Holdings Co (NYSE:VRT) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,310 shares of the company’s stock, valued at approximately $429,000.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Vertiv by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company’s stock valued at $2,745,930,000 after purchasing an additional 1,766,784 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Vertiv by 303.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock valued at $390,143,000 after purchasing an additional 3,591,903 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of Vertiv during the 2nd quarter valued at approximately $331,091,000. Westfield Capital Management Co. LP increased its position in shares of Vertiv by 85.2% during the 1st quarter. Westfield Capital Management Co. LP now owns 3,399,272 shares of the company’s stock valued at $277,619,000 after purchasing an additional 1,563,466 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of Vertiv by 17.7% during the 1st quarter. Janus Henderson Group PLC now owns 3,002,197 shares of the company’s stock valued at $245,189,000 after purchasing an additional 451,830 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Trading Up 1.9 %

Shares of NYSE VRT opened at $112.17 on Friday. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 1.00. The stock has a market capitalization of $42.08 billion, a P/E ratio of 87.63, a price-to-earnings-growth ratio of 1.47 and a beta of 1.59. Vertiv Holdings Co has a 1-year low of $34.60 and a 1-year high of $116.41. The business has a fifty day moving average price of $93.57 and a 200 day moving average price of $90.23.

Vertiv (NYSE:VRT) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 EPS. Equities research analysts expect that Vertiv Holdings Co will post 2.58 EPS for the current fiscal year.

Vertiv Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date was Tuesday, September 17th. Vertiv’s dividend payout ratio is presently 7.81%.

Analyst Ratings Changes

Several research firms have recently weighed in on VRT. Mizuho boosted their target price on Vertiv from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday. Citigroup upped their price objective on Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday. The Goldman Sachs Group cut their price objective on Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Jefferies Financial Group began coverage on Vertiv in a research report on Monday, October 7th. They issued a “buy” rating and a $125.00 price objective on the stock. Finally, Evercore ISI upped their price objective on Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $122.11.

Insider Activity

In other news, insider Karsten Winther sold 44,924 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.01% of the company’s stock.

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.