Emerald Advisers LLC Has $952,000 Stock Position in Vertiv Holdings Co (NYSE:VRT)

Emerald Advisers LLC grew its position in Vertiv Holdings Co (NYSE:VRT) by 12.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,571 shares of the company’s stock after acquiring an additional 1,024 shares during the quarter. Emerald Advisers LLC’s holdings in Vertiv were worth $952,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of VRT. Krane Funds Advisors LLC acquired a new position in Vertiv in the third quarter worth about $29,000. Anchor Investment Management LLC acquired a new position in shares of Vertiv in the 2nd quarter worth approximately $26,000. Global Trust Asset Management LLC bought a new position in shares of Vertiv during the 3rd quarter worth approximately $30,000. Mather Group LLC. lifted its position in shares of Vertiv by 132.5% during the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after buying an additional 200 shares during the period. Finally, ORG Wealth Partners LLC acquired a new stake in Vertiv in the 3rd quarter valued at $36,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insider Buying and Selling

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the company’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 value of $3,593,470.76. Following the completion of the sale, the insider now owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. This represents a 0.00 % 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. 5.01% of the stock is owned by insiders.

Vertiv Stock Performance

Shares of NYSE:VRT opened at $106.90 on Monday. 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 Holdings Co has a 1-year low of $38.68 and a 1-year high of $116.41. The stock has a market capitalization of $40.12 billion, a P/E ratio of 71.27, a P/E/G ratio of 1.19 and a beta of 1.58. The business has a 50-day moving average price of $96.92 and a two-hundred day moving average price of $91.26.

Vertiv (NYSE:VRT) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the business posted $0.52 earnings per share. Vertiv’s revenue was up 19.0% compared to the same quarter last year. Equities analysts predict that Vertiv Holdings Co will post 2.69 earnings per share for the current year.

Vertiv Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were paid 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 dividend payout ratio (DPR) is presently 6.67%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Jefferies Financial Group assumed coverage on Vertiv in a research note on Monday, October 7th. They set a “buy” rating and a $125.00 price objective for the company. Citigroup lifted their price target on shares of Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a report on Thursday, October 24th. TD Cowen upped their price objective 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. Oppenheimer raised their price objective on shares of Vertiv from $115.00 to $121.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, The Goldman Sachs Group reduced their target price on Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Vertiv has a consensus rating of “Buy” and an average target price of $122.11.

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.