Mizuho Markets Americas LLC Purchases New Shares in Vertiv Holdings Co (NYSE:VRT)

Mizuho Markets Americas LLC acquired a new stake in Vertiv Holdings Co (NYSE:VRT) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 4,461 shares of the company’s stock, valued at approximately $444,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in VRT. KCM Investment Advisors LLC raised its stake in Vertiv by 19.0% during the third quarter. KCM Investment Advisors LLC now owns 28,730 shares of the company’s stock worth $2,858,000 after buying an additional 4,595 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Vertiv by 6.5% in the 3rd quarter. Empowered Funds LLC now owns 5,498 shares of the company’s stock worth $547,000 after buying an additional 335 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Vertiv by 5.4% during the 3rd quarter. CIBC Asset Management Inc now owns 13,461 shares of the company’s stock valued at $1,339,000 after acquiring an additional 691 shares during the period. Intellectus Partners LLC bought a new position in shares of Vertiv during the 3rd quarter worth $796,000. Finally, Balboa Wealth Partners lifted its holdings in Vertiv by 44.0% during the third quarter. Balboa Wealth Partners now owns 14,448 shares of the company’s stock valued at $1,437,000 after purchasing an additional 4,415 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Insider Buying and Selling at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of the firm’s stock in a transaction that occurred on 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 directly owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. This trade represents a 80.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 5.01% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. TD Cowen boosted their price target on shares of Vertiv from $93.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Mizuho raised their price objective on shares of Vertiv from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. UBS Group started coverage on shares of Vertiv in a report on Wednesday. They set a “buy” rating and a $155.00 price target on the stock. Bank of America lifted their target price on shares of Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Oppenheimer raised their target price on Vertiv from $115.00 to $121.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, Vertiv presently has a consensus rating of “Buy” and a consensus target price of $125.40.

Vertiv Stock Down 0.1 %

NYSE VRT opened at $120.87 on Friday. The stock has a 50 day moving average price of $105.37 and a 200-day moving average price of $93.68. Vertiv Holdings Co has a one year low of $41.01 and a one year high of $130.30. The company has a market capitalization of $45.37 billion, a P/E ratio of 80.58, a P/E/G ratio of 1.35 and a beta of 1.58. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The firm’s revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the business posted $0.52 earnings per share. As a group, equities analysts predict that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Announces Dividend

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

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.