Goldstein Advisors LLC Makes New $202,000 Investment in Vertiv Holdings Co (NYSE:VRT)

Goldstein Advisors LLC bought a new stake in Vertiv Holdings Co (NYSE:VRT) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,027 shares of the company’s stock, valued at approximately $202,000.

A number of other large investors also recently made changes to their positions in VRT. Massachusetts Financial Services Co. MA acquired a new position in shares of Vertiv in the 2nd quarter valued at about $331,091,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Vertiv by 303.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock valued at $390,143,000 after purchasing an additional 3,591,903 shares during the period. Vanguard Group Inc. increased its holdings 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 last quarter. Castle Hook Partners LP acquired a new position in Vertiv in the first quarter worth approximately $135,987,000. Finally, Westfield Capital Management Co. LP increased its holdings in Vertiv by 85.2% in the first quarter. Westfield Capital Management Co. LP now owns 3,399,272 shares of the company’s stock worth $277,619,000 after buying an additional 1,563,466 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Price Performance

NYSE:VRT opened at $112.17 on Friday. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 1.00. The stock has a market cap of $42.08 billion, a P/E ratio of 87.63, a PEG ratio of 1.47 and a beta of 1.59. The company has a fifty day moving average price of $93.57 and a 200 day moving average price of $90.23. Vertiv Holdings Co has a one year low of $34.60 and a one year high of $116.41.

Vertiv (NYSE:VRT) last released its earnings results 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 6.93% and a return on equity of 50.79%. The business had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter last year, the company earned $0.52 earnings per share. The firm’s revenue was up 19.0% on a year-over-year basis. Analysts anticipate that Vertiv Holdings Co will post 2.58 earnings per share for the current year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders 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 annualized dividend and a yield of 0.09%. Vertiv’s dividend payout ratio (DPR) is 7.81%.

Wall Street Analyst Weigh In

VRT has been the topic of a number of research reports. The Goldman Sachs Group dropped their price objective on Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. TD Cowen upped their target price on Vertiv from $93.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday. Mizuho upped their target price on Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday. Oppenheimer upped their target price on Vertiv from $115.00 to $121.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Evercore ISI upped their target price on Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $122.11.

Insider Buying and Selling at Vertiv

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 stock was 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 owns 10,542 shares of the company’s stock, valued at $843,254.58. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.01% of the company’s stock.

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.