Vertiv Holdings Co (NYSE:VRT) Shares Bought by Moors & Cabot Inc.

Moors & Cabot Inc. lifted its position in shares of Vertiv Holdings Co (NYSE:VRT) by 10.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,235 shares of the company’s stock after buying an additional 610 shares during the quarter. Moors & Cabot Inc.’s holdings in Vertiv were worth $620,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of VRT. Clearbridge Investments LLC grew its stake in Vertiv by 15.4% in the 2nd 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 period. Whittier Trust Co. boosted its holdings 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 purchasing an additional 8,579 shares during the last quarter. Janney Capital Management LLC purchased a new stake in shares of Vertiv in the third quarter valued at $8,403,000. Assenagon Asset Management S.A. increased its stake 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 purchasing an additional 36,684 shares during the last quarter. Finally, Entropy Technologies LP lifted its position in Vertiv by 42.4% during the third quarter. Entropy Technologies LP now owns 31,839 shares of the company’s stock worth $3,168,000 after buying an additional 9,479 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insider Transactions at Vertiv

In other news, insider Anand Sanghi sold 30,914 shares of Vertiv stock in a transaction dated 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 sale, the insider now directly owns 19,448 shares of the company’s stock, valued at approximately $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jakki L. Haussler sold 15,347 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $137.38, for a total value of $2,108,370.86. Following the completion of the transaction, the director now directly owns 3,425 shares of the company’s stock, valued at $470,526.50. This represents a 81.75 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 91,185 shares of company stock valued at $10,074,936. Corporate insiders own 5.01% of the company’s stock.

Vertiv Stock Down 0.9 %

Shares of Vertiv stock opened at $140.15 on Friday. The company has a fifty day moving average price of $110.94 and a 200 day moving average price of $95.19. 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 twelve month low of $41.01 and a twelve month high of $145.67. The stock has a market cap of $52.60 billion, a price-to-earnings ratio of 93.43, a price-to-earnings-growth ratio of 1.53 and a beta of 1.58.

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

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be paid a dividend of $0.0375 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.11%. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s dividend payout ratio (DPR) is currently 6.67%.

Analyst Upgrades and Downgrades

VRT has been the subject of several recent analyst reports. Mizuho lifted their price target on Vertiv from $125.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday. Citigroup boosted their target price on shares of Vertiv from $134.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday. Oppenheimer increased their price target on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a research note on Tuesday. TD Cowen boosted their price objective on shares of Vertiv from $115.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Jefferies Financial Group assumed coverage on Vertiv in a report on Monday, October 7th. They set a “buy” rating and a $125.00 price objective for the company. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $138.50.

Vertiv Company 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.