Lyell Wealth Management LP Invests $1.52 Million in Vertiv Holdings Co (NYSE:VRT)

Lyell Wealth Management LP purchased a new position in shares of Vertiv Holdings Co (NYSE:VRT) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 15,270 shares of the company’s stock, valued at approximately $1,519,000.

A number of other large investors have also bought and sold shares of VRT. Vanguard Group Inc. grew its holdings 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 during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Vertiv by 303.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock worth $390,143,000 after buying an additional 3,591,903 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in shares of Vertiv in the 2nd quarter worth approximately $331,091,000. Westfield Capital Management Co. LP increased its stake in shares of Vertiv by 85.2% during the first quarter. Westfield Capital Management Co. LP now owns 3,399,272 shares of the company’s stock valued at $277,619,000 after buying an additional 1,563,466 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in Vertiv by 17.7% in the first quarter. Janus Henderson Group PLC now owns 3,002,197 shares of the company’s stock valued at $245,189,000 after acquiring an additional 451,830 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VRT. TD Cowen boosted their price target on shares of Vertiv from $93.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday. The Goldman Sachs Group reduced their price target on Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Oppenheimer raised their price objective on Vertiv from $115.00 to $121.00 and gave the company an “outperform” rating in a research report on Thursday. Mizuho upped their target price on shares of Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Evercore ISI increased their price target on shares of Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $122.11.

Vertiv Trading Up 1.9 %

Shares of NYSE VRT opened at $112.14 on Friday. The firm’s 50 day moving average price is $93.57 and its 200-day moving average price is $90.17. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.00 and a current ratio of 1.36. Vertiv Holdings Co has a 52-week low of $34.60 and a 52-week high of $116.41. The company has a market cap of $41.98 billion, a PE ratio of 107.83, a P/E/G ratio of 1.42 and a beta of 1.59.

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

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.09%. The ex-dividend date of this dividend was Tuesday, September 17th. Vertiv’s dividend payout ratio is presently 9.62%.

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total value of $3,593,470.76. Following the completion of the transaction, the insider now directly owns 10,542 shares in the company, valued at $843,254.58. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.01% of the stock is currently owned by corporate insiders.

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.