Plato Investment Management Ltd Sells 1,107 Shares of Vertiv Holdings Co (NYSE:VRT)

Plato Investment Management Ltd lessened its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 4.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,986 shares of the company’s stock after selling 1,107 shares during the quarter. Plato Investment Management Ltd’s holdings in Vertiv were worth $2,285,000 at the end of the most recent reporting period.

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

Vertiv Stock Up 0.6 %

Shares of NYSE:VRT opened at $124.54 on Thursday. The company has a market capitalization of $46.74 billion, a PE ratio of 84.89, a price-to-earnings-growth ratio of 1.34 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. 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 business has a fifty day moving average price of $102.48 and a two-hundred day moving average price of $93.08.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping 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 business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the firm posted $0.52 earnings per share. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. Analysts forecast that Vertiv Holdings Co will post 2.69 earnings per share for the current year.

Vertiv Announces Dividend

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

Insider Activity

In related news, insider Karsten Winther sold 44,924 shares of Vertiv 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 completion of the sale, the insider now owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Citigroup upped their target price on shares of Vertiv from $130.00 to $134.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Jefferies Financial Group assumed coverage on Vertiv in a research note on Monday, October 7th. They issued a “buy” rating and a $125.00 price objective for the company. UBS Group assumed coverage on Vertiv in a research report on Wednesday. They set a “buy” rating and a $155.00 target price on the stock. Mizuho increased their price target on Vertiv from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Evercore ISI lifted their price objective on shares of Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $125.40.

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.