BluePath Capital Management LLC Purchases New Position in Vertiv Holdings Co (NYSE:VRT)

BluePath Capital Management LLC purchased a new stake in shares of Vertiv Holdings Co (NYSE:VRT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,060 shares of the company’s stock, valued at approximately $205,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Clearbridge Investments LLC raised its stake in shares of Vertiv by 15.4% in the second quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company’s stock worth $221,013,000 after acquiring an additional 340,639 shares during the last quarter. Whittier Trust Co. raised its stake in shares of Vertiv by 7.2% during the third quarter. Whittier Trust Co. now owns 127,210 shares of the company’s stock worth $12,656,000 after buying an additional 8,579 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Vertiv by 190.7% in the third quarter. Assenagon Asset Management S.A. now owns 55,923 shares of the company’s stock valued at $5,564,000 after buying an additional 36,684 shares during the period. Generate Investment Management Ltd lifted its holdings in Vertiv by 180.8% in the third quarter. Generate Investment Management Ltd now owns 598,372 shares of the company’s stock valued at $59,532,000 after buying an additional 385,251 shares during the period. Finally, Swiss National Bank lifted its holdings in Vertiv by 1.3% in the first quarter. Swiss National Bank now owns 1,085,200 shares of the company’s stock valued at $88,628,000 after buying an additional 14,100 shares during the period. 89.92% of the stock is owned by institutional investors.

Vertiv Stock Down 2.2 %

Vertiv stock opened at $106.90 on Friday. The company has a market cap of $40.10 billion, a P/E ratio of 71.27, a price-to-earnings-growth ratio of 1.22 and a beta of 1.59. Vertiv Holdings Co has a 1-year low of $38.68 and a 1-year high of $116.41. The company has a fifty day simple moving average of $96.92 and a 200 day simple moving average of $91.13. The company has a current ratio of 1.38, a quick ratio of 1.00 and a debt-to-equity ratio of 1.60.

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

Vertiv Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date was Tuesday, September 17th. Vertiv’s dividend payout ratio is currently 6.67%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on VRT shares. Mizuho increased their price objective on shares of Vertiv from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Oppenheimer upped their target price on shares of Vertiv from $115.00 to $121.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Jefferies Financial Group started coverage on shares of Vertiv in a research note on Monday, October 7th. They issued a “buy” rating and a $125.00 target price for the company. Citigroup upped their target price on shares of Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, The Goldman Sachs Group lowered their target price on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $122.11.

Insider Buying and Selling at Vertiv

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the stock in a transaction 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 completion of the sale, the insider now owns 10,542 shares in the company, valued at $843,254.58. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 5.01% of the company’s stock.

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.