KCM Investment Advisors LLC Grows Holdings in Vertiv Holdings Co (NYSE:VRT)

KCM Investment Advisors LLC grew its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 19.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,730 shares of the company’s stock after purchasing an additional 4,595 shares during the quarter. KCM Investment Advisors LLC’s holdings in Vertiv were worth $2,858,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Vertiv by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company’s stock worth $2,745,930,000 after acquiring an additional 1,766,784 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Vertiv by 303.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock worth $390,143,000 after purchasing an additional 3,591,903 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in Vertiv during the 2nd quarter worth $331,091,000. Janus Henderson Group PLC raised its position in 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 in the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in shares of Vertiv by 15.4% in the 2nd quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company’s stock worth $221,013,000 after buying an additional 340,639 shares during the period. 89.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the completion of the sale, the insider now directly owns 10,542 shares in the company, valued at $843,254.58. This trade represents a 80.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.01% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. TD Cowen raised their price target on Vertiv from $93.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. UBS Group began coverage on shares of Vertiv in a research report on Wednesday. They set a “buy” rating and a $155.00 target price on the stock. Jefferies Financial Group began coverage on shares of Vertiv in a research report on Monday, October 7th. They issued a “buy” rating and a $125.00 price target for the company. Citigroup lifted their price objective on shares of Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, The Goldman Sachs Group lowered their target price on Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Vertiv currently has a consensus rating of “Buy” and a consensus price target of $125.40.

Vertiv Stock Down 0.1 %

Vertiv stock opened at $120.86 on Friday. Vertiv Holdings Co has a 52 week low of $41.01 and a 52 week high of $130.30. The firm has a market cap 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. The business’s 50-day moving average price is $105.37 and its 200 day moving average price is $93.67. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 earnings per share. As a group, sell-side analysts anticipate that Vertiv Holdings Co will post 2.69 earnings per share for the current year.

Vertiv Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 0.08%. The ex-dividend date of this dividend was Tuesday, September 17th. Vertiv’s dividend payout ratio is presently 6.67%.

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.