Cavalier Investments LLC Reduces Stake in Vertiv Holdings Co (NYSE:VRT)

Cavalier Investments LLC lowered its holdings in Vertiv Holdings Co (NYSE:VRT) by 37.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 31,416 shares of the company’s stock after selling 19,078 shares during the quarter. Vertiv makes up about 1.0% of Cavalier Investments LLC’s investment portfolio, making the stock its 26th largest holding. Cavalier Investments LLC’s holdings in Vertiv were worth $3,126,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of VRT. Anchor Investment Management LLC purchased a new position in shares of Vertiv in the 2nd quarter valued at approximately $26,000. Mather Group LLC. lifted its stake in shares of Vertiv by 132.5% in the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after purchasing an additional 200 shares during the period. Krane Funds Advisors LLC purchased a new position in shares of Vertiv in the 3rd quarter valued at approximately $29,000. Global Trust Asset Management LLC purchased a new position in shares of Vertiv in the 3rd quarter valued at approximately $30,000. Finally, OFI Invest Asset Management bought a new position in Vertiv during the 2nd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Analyst Ratings Changes

VRT has been the subject of a number of analyst reports. Mizuho raised their price objective on Vertiv from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday. Oppenheimer lifted their target price on Vertiv from $115.00 to $121.00 and gave the stock an “outperform” rating in a report on Thursday. Citigroup lifted their target price on Vertiv from $130.00 to $134.00 and gave the stock a “buy” rating in a report on Thursday. Evercore ISI lifted their target price on Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Jefferies Financial Group started coverage on Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 price objective for the company. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Vertiv has an average rating of “Buy” and an average target price of $122.11.

Insider Buying and Selling at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the sale, the insider now owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.01% of the stock is owned by corporate insiders.

Vertiv Stock Performance

Shares of VRT stock opened at $112.17 on Monday. The firm has a market capitalization of $42.08 billion, a price-to-earnings ratio of 87.63, a price-to-earnings-growth ratio of 1.47 and a beta of 1.59. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 1.00. The business has a fifty day moving average of $93.57 and a 200 day moving average of $90.26. Vertiv Holdings Co has a 1 year low of $34.60 and a 1 year high of $116.41.

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

Vertiv Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date of this dividend was Tuesday, September 17th. Vertiv’s payout ratio is 7.81%.

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.