Vertiv Holdings Co (NYSE:VRT) Position Trimmed by Richard W. Paul & Associates LLC

Richard W. Paul & Associates LLC reduced its holdings in Vertiv Holdings Co (NYSE:VRT) by 25.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 5,032 shares of the company’s stock after selling 1,693 shares during the quarter. Richard W. Paul & Associates LLC’s holdings in Vertiv were worth $501,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Massachusetts Financial Services Co. MA acquired a new stake in shares of Vertiv during the 2nd quarter worth approximately $331,091,000. Price T Rowe Associates Inc. MD increased its position in Vertiv by 303.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock worth $390,143,000 after buying an additional 3,591,903 shares during the period. Vanguard Group Inc. increased its position in 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 buying an additional 1,766,784 shares during the period. Castle Hook Partners LP bought a new stake in Vertiv in the first quarter valued at $135,987,000. Finally, Westfield Capital Management Co. LP boosted its holdings in shares of Vertiv by 85.2% during the first quarter. Westfield Capital Management Co. LP now owns 3,399,272 shares of the company’s stock valued at $277,619,000 after acquiring an additional 1,563,466 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Stock Performance

Shares of NYSE VRT opened at $112.26 on Friday. Vertiv Holdings Co has a 1 year low of $34.60 and a 1 year high of $116.19. The firm has a market cap of $42.02 billion, a P/E ratio of 107.94, a PEG ratio of 1.42 and a beta of 1.59. The stock has a fifty day moving average price of $90.31 and a two-hundred day moving average price of $89.20. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.00 and a current ratio of 1.36.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.10. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter last year, the business posted $0.46 earnings per share. The company’s quarterly revenue was up 12.6% on a year-over-year basis. Research analysts forecast that Vertiv Holdings Co will post 2.58 EPS for the current fiscal year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were issued a $0.025 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.09%. Vertiv’s payout ratio is currently 9.62%.

Analyst Ratings Changes

A number of analysts recently weighed in on VRT shares. Jefferies Financial Group began coverage on shares of Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 price objective on the stock. Oppenheimer lifted their price target on Vertiv from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Evercore ISI boosted their price objective on Vertiv from $105.00 to $125.00 and gave the stock an “outperform” rating in a research report on Monday, October 7th. TD Cowen raised their target price on Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, Bank of America boosted their price target on Vertiv from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $112.44.

Insider Activity at Vertiv

In other Vertiv news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total value of $3,593,470.76. Following the transaction, the insider now owns 10,542 shares in the company, valued at approximately $843,254.58. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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.