Rowlandmiller & PARTNERS.ADV Sells 325 Shares of Vertiv Holdings Co (NYSE:VRT)

Rowlandmiller & PARTNERS.ADV reduced its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 1.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,871 shares of the company’s stock after selling 325 shares during the period. Rowlandmiller & PARTNERS.ADV’s holdings in Vertiv were worth $2,077,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of VRT. Massachusetts Financial Services Co. MA bought a new position in shares of Vertiv during the 2nd quarter valued at approximately $331,091,000. Price T Rowe Associates Inc. MD grew its position in shares of Vertiv by 303.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock valued at $390,143,000 after acquiring an additional 3,591,903 shares during the period. Vanguard Group Inc. grew its position in shares of Vertiv by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company’s stock valued at $2,745,930,000 after acquiring an additional 1,766,784 shares during the period. Castle Hook Partners LP bought a new position in shares of Vertiv during the 1st quarter valued at approximately $135,987,000. Finally, Westfield Capital Management Co. LP lifted its stake in shares of Vertiv by 85.2% during the 1st 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 in the last quarter. 89.92% of the stock is owned by institutional investors.

Insider Activity at Vertiv

In related news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the transaction, the insider now owns 10,542 shares in the company, valued at $843,254.58. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.01% of the stock is owned by corporate insiders.

Vertiv Stock Performance

NYSE VRT opened at $110.05 on Friday. Vertiv Holdings Co has a 52-week low of $34.60 and a 52-week high of $116.41. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.00 and a current ratio of 1.36. The company has a market capitalization of $41.20 billion, a P/E ratio of 105.82, a P/E/G ratio of 1.42 and a beta of 1.59. The company has a fifty day moving average of $92.37 and a 200-day moving average of $89.83.

Vertiv (NYSE:VRT) last issued its earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping 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 6.93% and a return on equity of 50.79%. The firm’s revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 EPS. As a group, equities research analysts predict that Vertiv Holdings Co will post 2.58 EPS for the current fiscal year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were given 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 currently 9.62%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. 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 target on the stock. Oppenheimer upped their price target on shares of Vertiv from $115.00 to $121.00 and gave the company an “outperform” rating in a research note on Thursday. Mizuho increased 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. Bank of America increased their target price on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, TD Cowen increased their target price on shares of Vertiv from $93.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $122.11.

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.