Qsemble Capital Management LP Lowers Position in Vertiv Holdings Co (NYSE:VRT)

Qsemble Capital Management LP trimmed its position in shares of Vertiv Holdings Co (NYSE:VRT) by 78.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,694 shares of the company’s stock after selling 24,688 shares during the quarter. Qsemble Capital Management LP’s holdings in Vertiv were worth $666,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in VRT. Krane Funds Advisors LLC acquired a new position in Vertiv during the 3rd quarter worth $29,000. Anchor Investment Management LLC purchased a new stake in shares of Vertiv during the second quarter worth approximately $26,000. Global Trust Asset Management LLC acquired a new stake in Vertiv in the third quarter valued at approximately $30,000. Mather Group LLC. grew its holdings in Vertiv by 132.5% during the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after acquiring an additional 200 shares in the last quarter. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Vertiv in the 3rd quarter valued at approximately $36,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Stock Performance

Vertiv stock opened at $131.67 on Wednesday. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. Vertiv Holdings Co has a 52 week low of $41.01 and a 52 week high of $145.67. The stock has a 50 day moving average of $112.73 and a 200-day moving average of $95.67. The stock has a market cap of $49.42 billion, a P/E ratio of 87.78, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58.

Vertiv (NYSE:VRT) last released 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. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the business posted $0.52 EPS. Vertiv’s quarterly revenue was up 19.0% compared to the same quarter last year. On average, analysts expect that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be paid a $0.0375 dividend. This is an increase from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date is Tuesday, December 3rd. Vertiv’s payout ratio is presently 6.67%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on VRT. Oppenheimer lifted their target price on shares of Vertiv from $121.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. increased their price objective on Vertiv from $124.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. Jefferies Financial Group assumed coverage on shares of Vertiv in a research report on Monday, October 7th. They set a “buy” rating and a $125.00 target price on the stock. Evercore ISI increased their target price on Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group boosted their target price on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vertiv presently has an average rating of “Buy” and an average price target of $138.50.

Insider Buying and Selling

In other news, insider Anand Sanghi sold 30,914 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $141.46, for a total transaction of $4,373,094.44. Following the transaction, the insider now directly owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. This trade represents a 61.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jakki L. Haussler sold 15,347 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $137.38, for a total transaction of $2,108,370.86. Following the sale, the director now owns 3,425 shares in the company, valued at $470,526.50. This trade represents a 81.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 129,832 shares of company stock worth $15,346,000 in the last three months. 5.01% of the stock is owned by insiders.

About Vertiv

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.