Caldwell Investment Management Ltd. lessened its holdings in Vertiv Holdings Co (NYSE:VRT – Free Report) by 33.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,000 shares of the company’s stock after selling 5,000 shares during the period. Vertiv comprises 0.7% of Caldwell Investment Management Ltd.’s holdings, making the stock its 28th biggest holding. Caldwell Investment Management Ltd.’s holdings in Vertiv were worth $984,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the business. Anchor Investment Management LLC acquired a new position in shares of Vertiv during the second quarter worth $26,000. Mather Group LLC. raised its position in Vertiv by 132.5% during the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after purchasing an additional 200 shares during the last quarter. Krane Funds Advisors LLC acquired a new position in Vertiv during the 3rd quarter worth about $29,000. Global Trust Asset Management LLC bought a new stake in shares of Vertiv in the 3rd quarter valued at about $30,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Vertiv in the second quarter valued at about $34,000. Institutional investors and hedge funds own 89.92% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have weighed in on VRT. Evercore ISI increased their target price on shares of Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. The Goldman Sachs Group dropped their target price on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Mizuho increased their price target on Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Bank of America boosted their price objective on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, UBS Group started coverage on Vertiv in a report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price for the company. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $125.40.
Vertiv Price Performance
Shares of VRT opened at $123.05 on Tuesday. The stock has a market cap of $46.19 billion, a P/E ratio of 82.03, a P/E/G ratio of 1.31 and a beta of 1.58. The business’s fifty day moving average is $106.34 and its 200 day moving average is $93.93. 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 Holdings Co has a 12-month low of $41.01 and a 12-month high of $130.30.
Vertiv (NYSE:VRT – Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period last year, the company earned $0.52 earnings per share. The business’s revenue was up 19.0% on a year-over-year basis. Sell-side analysts anticipate that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.
Vertiv Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be paid a $0.0375 dividend. This is an increase from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. Vertiv’s dividend payout ratio is 6.67%.
Insider Activity at Vertiv
In other Vertiv news, insider Karsten Winther sold 44,924 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 10,542 shares in the company, valued at approximately $843,254.58. This trade represents a 80.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.01% of the stock is owned by insiders.
Vertiv 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.
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