Mount Lucas Management LP Purchases 223 Shares of Vertiv Holdings Co (NYSE:VRT)

Mount Lucas Management LP lifted its position in Vertiv Holdings Co (NYSE:VRT) by 2.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,411 shares of the company’s stock after buying an additional 223 shares during the period. Mount Lucas Management LP’s holdings in Vertiv were worth $936,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Krane Funds Advisors LLC bought a new stake in shares of Vertiv in the 3rd quarter valued at $29,000. Anchor Investment Management LLC acquired a new position in Vertiv in the 2nd quarter worth $26,000. Global Trust Asset Management LLC acquired a new position in Vertiv in the 3rd quarter worth $30,000. Mather Group LLC. boosted its stake in Vertiv by 132.5% in 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 period. Finally, ORG Wealth Partners LLC acquired a new position in Vertiv in the 3rd quarter worth $36,000. Institutional investors own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

VRT has been the subject of a number of research analyst reports. Evercore ISI upped their target price on shares of Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Oppenheimer upped their target price on shares of Vertiv from $115.00 to $121.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. 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 note on Thursday, October 24th. UBS Group assumed coverage on shares of Vertiv in a research note on Wednesday. They set a “buy” rating and a $155.00 price objective for the company. Finally, Jefferies Financial Group assumed coverage on shares of Vertiv in a research note on Monday, October 7th. They set a “buy” rating and a $125.00 price objective for the company. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $125.40.

Vertiv Stock Down 0.1 %

Shares of VRT stock opened at $120.87 on Friday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. The firm’s 50-day moving average is $105.37 and its 200-day moving average is $93.68. The stock has a market cap of $45.37 billion, a price-to-earnings ratio of 80.58, a PEG ratio of 1.31 and a beta of 1.58. Vertiv Holdings Co has a 52-week low of $41.01 and a 52-week high of $130.30.

Vertiv (NYSE:VRT) last issued its earnings results 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. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. Vertiv’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 EPS. Sell-side analysts predict that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Dividend Announcement

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

Insider Activity

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 10,542 shares of the company’s stock, valued at $843,254.58. This represents a 80.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.01% of the stock is owned by insiders.

Vertiv Company 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.