Private Advisory Group LLC Buys 12,504 Shares of Vertiv Holdings Co. $VRT

Private Advisory Group LLC raised its stake in shares of Vertiv Holdings Co. (NYSE:VRT) by 17.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 85,869 shares of the company’s stock after acquiring an additional 12,504 shares during the period. Vertiv comprises about 1.1% of Private Advisory Group LLC’s investment portfolio, making the stock its 20th biggest position. Private Advisory Group LLC’s holdings in Vertiv were worth $20,721,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of VRT. State Street Corp boosted its stake in shares of Vertiv by 4.5% in the second quarter. State Street Corp now owns 16,531,530 shares of the company’s stock worth $5,535,087,000 after buying an additional 704,970 shares during the last quarter. Wellington Management Group LLP grew its holdings in Vertiv by 14.1% during the second quarter. Wellington Management Group LLP now owns 3,794,360 shares of the company’s stock worth $1,270,428,000 after acquiring an additional 468,380 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Vertiv by 1.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,709,276 shares of the company’s stock worth $678,890,000 after acquiring an additional 51,328 shares during the period. Bank of New York Mellon Corp raised its position in Vertiv by 33.7% during the first quarter. Bank of New York Mellon Corp now owns 2,410,642 shares of the company’s stock valued at $604,059,000 after acquiring an additional 608,176 shares in the last quarter. Finally, Legal & General Group Plc raised its position in Vertiv by 1.1% during the second quarter. Legal & General Group Plc now owns 2,138,967 shares of the company’s stock valued at $716,169,000 after acquiring an additional 23,444 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Price Performance

NYSE:VRT opened at $209.78 on Friday. Vertiv Holdings Co. has a 52 week low of $147.82 and a 52 week high of $379.93. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $80.78 billion, a PE ratio of 39.21, a price-to-earnings-growth ratio of 0.66 and a beta of 2.11. The stock’s 50-day moving average price is $232.64 and its 200-day moving average price is $270.17.

Vertiv (NYSE:VRT) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.39. The firm had revenue of $4.31 billion during the quarter, compared to analyst estimates of $3.75 billion. Vertiv had a return on equity of 53.31% and a net margin of 15.99%. Vertiv’s revenue for the quarter was up 61.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.24 EPS. As a group, equities analysts expect that Vertiv Holdings Co. will post 7.17 EPS for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Monday, September 14th were given a dividend of $0.0625 per share. The ex-dividend date was Monday, September 14th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. Vertiv’s dividend payout ratio (DPR) is 4.67%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on VRT shares. Loop Capital decreased their price target on Vertiv from $500.00 to $400.00 and set a “buy” rating for the company in a report on Friday, July 31st. KeyCorp dropped their price objective on shares of Vertiv from $360.00 to $325.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Mizuho set a $300.00 price objective on shares of Vertiv in a research note on Thursday, October 29th. Evercore set a $375.00 target price on shares of Vertiv in a report on Wednesday, July 29th. Finally, TD Cowen boosted their target price on shares of Vertiv from $356.00 to $357.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $333.70.

Insider Transactions at Vertiv

In related news, Director Edward Monser sold 15,287 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $253.82, for a total value of $3,880,146.34. Following the completion of the sale, the director owned 16,500 shares of the company’s stock, valued at approximately $4,188,030. The trade was a 48.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.10% of the company’s stock.

Latest Vertiv News

Here’s some of the latest news about VRT:

• Positive Sentiment: Bernstein assigned Vertiv a Buy rating, adding to favorable commentary on the company’s growth prospects. Recent coverage has highlighted AI data-center demand and strong quarterly performance: revenue rose 61% year over year in the reported quarter, and earnings exceeded consensus estimates. Article: Vertiv Receives a Buy from Bernstein
• Neutral Sentiment: JPMorgan initiated coverage with a Neutral rating and a $240 price target. The target indicates potential upside from the cited share price, but the rating signals a more measured view than Bernstein’s Buy call. Article: JPMorgan Initiates Coverage of Vertiv
• Negative Sentiment: Some investor commentary remains cautious, pointing to Vertiv’s sharp chart decline and arguing that investors may want to wait for a lower entry price. That concern could temper enthusiasm even as the company’s operating growth remains strong. Article: Vertiv—Good Quarter, Crushed Chart

Vertiv Profile

Vertiv Holdings Co. (NYSE: VRT) designs, manufactures and services critical digital infrastructure used by data centers, communications networks and commercial and industrial facilities. Its offerings help customers maintain reliable power, cooling and operating conditions for technology systems. The company’s products and solutions include uninterruptible power supplies, power distribution equipment, thermal management systems, racks, integrated modular infrastructure, and monitoring and control software.