Vertiv Holdings Co. $VRT Position Increased by King Luther Capital Management Corp

King Luther Capital Management Corp boosted its stake in shares of Vertiv Holdings Co. (NYSE:VRT) by 9.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 105,375 shares of the company’s stock after purchasing an additional 9,033 shares during the period. King Luther Capital Management Corp’s holdings in Vertiv were worth $25,428,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Bingham Private Wealth LLC grew its stake in Vertiv by 30.9% in the third quarter. Bingham Private Wealth LLC now owns 898 shares of the company’s stock valued at $217,000 after purchasing an additional 212 shares in the last quarter. Maryland State Retirement & Pension System boosted its stake in shares of Vertiv by 14.7% during the 3rd quarter. Maryland State Retirement & Pension System now owns 23,436 shares of the company’s stock worth $5,655,000 after acquiring an additional 2,999 shares in the last quarter. Jacobi Capital Management LLC boosted its stake in shares of Vertiv by 4.2% during the 3rd quarter. Jacobi Capital Management LLC now owns 3,190 shares of the company’s stock worth $770,000 after acquiring an additional 129 shares in the last quarter. International Private Wealth Advisors LLC increased its holdings in shares of Vertiv by 68.3% during the 3rd quarter. International Private Wealth Advisors LLC now owns 7,107 shares of the company’s stock valued at $1,715,000 after acquiring an additional 2,884 shares during the last quarter. Finally, First Command Advisory Services Inc. acquired a new position in shares of Vertiv during the 3rd quarter valued at about $426,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Up 1.6%

VRT stock opened at $209.78 on Friday. Vertiv Holdings Co. has a twelve month low of $147.82 and a twelve month 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 company has a market cap 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 business’s 50-day simple moving average is $232.64 and its 200 day simple moving average is $270.17.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, October 28th. The company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.39. The business 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 was up 61.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.24 earnings per share. On average, research analysts anticipate that Vertiv Holdings Co. will post 7.17 earnings per share for the current year.

Vertiv Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Monday, September 14th were issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, September 14th. Vertiv’s payout ratio is 4.67%.

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

Analyst Ratings Changes

VRT has been the topic of a number of recent analyst reports. Royal Bank Of Canada raised their price objective on Vertiv from $323.00 to $351.00 and gave the company an “outperform” rating in a research note on Thursday, October 29th. Bank of America decreased their target price on Vertiv from $440.00 to $375.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Citigroup increased their price target on Vertiv from $358.00 to $362.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Mizuho set a $300.00 price target on shares of Vertiv in a research report on Thursday, October 29th. Finally, Sanford C. Bernstein lifted their price target on shares of Vertiv from $368.00 to $376.00 and gave the company an “outperform” rating in a research report on Thursday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $333.70.

Insider Activity

In other news, Director Edward Monser sold 15,287 shares of the 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 transaction, the director owned 16,500 shares in the company, valued at approximately $4,188,030. This represents a 48.09% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.10% of the company’s stock.

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.