Chartwell Investment Partners LLC Boosts Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Chartwell Investment Partners LLC boosted its position in Vertiv Holdings Co (NYSE:VRT) by 34.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,792 shares of the company’s stock after purchasing an additional 11,045 shares during the period. Chartwell Investment Partners LLC’s holdings in Vertiv were worth $4,257,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. ORG Partners LLC lifted its stake in Vertiv by 25.1% in the third quarter. ORG Partners LLC now owns 458 shares of the company’s stock valued at $46,000 after purchasing an additional 92 shares during the last quarter. Allworth Financial LP lifted its position in shares of Vertiv by 18.6% during the third quarter. Allworth Financial LP now owns 638 shares of the company’s stock worth $63,000 after acquiring an additional 100 shares in the last quarter. NBC Securities Inc. lifted its position in shares of Vertiv by 0.9% during the third quarter. NBC Securities Inc. now owns 13,125 shares of the company’s stock worth $1,305,000 after acquiring an additional 112 shares in the last quarter. Nvwm LLC lifted its position in shares of Vertiv by 1.3% during the third quarter. Nvwm LLC now owns 10,035 shares of the company’s stock worth $998,000 after acquiring an additional 124 shares in the last quarter. Finally, Callan Family Office LLC lifted its position in shares of Vertiv by 0.9% during the third quarter. Callan Family Office LLC now owns 14,989 shares of the company’s stock worth $1,491,000 after acquiring an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Transactions at Vertiv

In related news, insider Karsten Winther sold 44,924 shares of the business’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 transaction, the insider now directly owns 10,542 shares in the company, valued at $843,254.58. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.01% of the company’s stock.

Vertiv Stock Up 0.9 %

VRT opened at $126.94 on Tuesday. The stock has a market cap of $47.65 billion, a PE ratio of 84.63, a P/E/G ratio of 1.36 and a beta of 1.58. 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 52 week low of $41.01 and a 52 week high of $130.30. The business’s fifty day simple moving average is $100.63 and its 200 day simple moving average is $92.61.

Vertiv (NYSE:VRT) last posted 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 company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. Vertiv’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period last year, the firm earned $0.52 earnings per share. As a group, research analysts expect that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were given 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 0.08%. Vertiv’s dividend payout ratio is currently 6.67%.

Analysts Set New Price Targets

VRT has been the topic of several recent research reports. Citigroup increased their target price on Vertiv from $130.00 to $134.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. TD Cowen upped their price target on shares of Vertiv from $93.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. The Goldman Sachs Group decreased their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Evercore ISI upped their price target on shares of Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group assumed coverage on shares of Vertiv in a report on Monday, October 7th. They issued a “buy” rating and a $125.00 price target on the stock. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently 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.