Vertiv Holdings Co (NYSE:VRT) Stock Holdings Lessened by RiverPark Advisors LLC

RiverPark Advisors LLC lowered its position in shares of Vertiv Holdings Co (NYSE:VRT) by 26.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 381 shares of the company’s stock after selling 139 shares during the period. RiverPark Advisors LLC’s holdings in Vertiv were worth $38,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VRT. Empowered Funds LLC acquired a new position in shares of Vertiv in the 1st quarter valued at about $372,000. US Bancorp DE boosted its stake in shares of Vertiv by 25.7% in the 1st quarter. US Bancorp DE now owns 14,412 shares of the company’s stock valued at $1,177,000 after purchasing an additional 2,951 shares during the last quarter. Blair William & Co. IL acquired a new position in shares of Vertiv in the 1st quarter valued at approximately $284,000. Vanguard Group Inc. lifted its position in shares of Vertiv by 5.5% in the first quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company’s stock worth $2,745,930,000 after purchasing an additional 1,766,784 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in Vertiv by 1,019.3% in the first quarter. Acadian Asset Management LLC now owns 4,007 shares of the company’s stock valued at $326,000 after acquiring an additional 3,649 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VRT has been the subject of a number of recent research reports. TD Cowen boosted their price objective on shares of Vertiv from $93.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Oppenheimer increased their target price on shares of Vertiv from $115.00 to $121.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. UBS Group initiated coverage on shares of Vertiv in a report on Wednesday. They issued a “buy” rating and a $155.00 price objective for the company. The Goldman Sachs Group decreased their price objective on Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Finally, Evercore ISI upped their price objective on shares of Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, Vertiv has an average rating of “Buy” and an average price target of $125.40.

Vertiv Price Performance

Shares of NYSE:VRT opened at $120.87 on Friday. The company has a 50-day moving average price of $105.37 and a two-hundred day moving average price of $93.68. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. Vertiv Holdings Co has a twelve month low of $41.01 and a twelve month high of $130.30. The firm has a market capitalization of $45.37 billion, a PE ratio of 80.58, a P/E/G ratio of 1.31 and a beta of 1.58.

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

Vertiv Dividend Announcement

The business 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 0.08%. The ex-dividend date was Tuesday, September 17th. Vertiv’s dividend payout ratio (DPR) is presently 6.67%.

Insiders Place Their Bets

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction 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 owns 10,542 shares in the company, valued at $843,254.58. The trade was a 80.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 5.01% of the company’s stock.

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.