Ceeto Capital Group LLC Purchases Shares of 10,000 Vertiv Holdings Co (NYSE:VRT)

Ceeto Capital Group LLC purchased a new stake in Vertiv Holdings Co (NYSE:VRT) during the first quarter, Holdings Channel reports. The firm purchased 10,000 shares of the company’s stock, valued at approximately $817,000.

A number of other large investors have also recently bought and sold shares of VRT. Norges Bank bought a new stake in Vertiv in the fourth quarter valued at $185,339,000. Price T Rowe Associates Inc. MD grew its position in Vertiv by 303.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock valued at $390,143,000 after acquiring an additional 3,591,903 shares during the period. Coatue Management LLC grew its position in Vertiv by 19.5% in the fourth quarter. Coatue Management LLC now owns 13,811,848 shares of the company’s stock valued at $663,383,000 after acquiring an additional 2,249,353 shares during the period. Vanguard Group Inc. grew its position in Vertiv by 5.5% in the first quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company’s stock valued at $2,745,930,000 after acquiring an additional 1,766,784 shares during the period. Finally, Castle Hook Partners LP bought a new stake in shares of Vertiv during the first quarter worth $135,987,000. 89.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VRT has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their target price on Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. TD Cowen increased their target price on Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a report on Thursday. The Goldman Sachs Group decreased their target price on Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday. Evercore ISI increased their target price on Vertiv from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Friday, June 14th. Finally, Oppenheimer increased their target price on Vertiv from $96.00 to $98.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Vertiv has a consensus rating of “Moderate Buy” and an average price target of $96.56.

Vertiv Trading Up 0.8 %

Vertiv stock traded up $0.64 during mid-day trading on Friday, hitting $77.12. The stock had a trading volume of 7,834,561 shares, compared to its average volume of 9,546,067. The stock has a 50-day simple moving average of $91.90 and a two-hundred day simple moving average of $80.19. The stock has a market capitalization of $28.87 billion, a PE ratio of 74.15, a P/E/G ratio of 1.06 and a beta of 1.58. Vertiv Holdings Co has a 12 month low of $25.09 and a 12 month high of $109.27. The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 2.09.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.10. Vertiv had a return on equity of 49.53% and a net margin of 6.93%. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter last year, the business earned $0.46 earnings per share. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Vertiv Holdings Co will post 2.58 EPS for the current year.

Vertiv Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Monday, June 17th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.13%. The ex-dividend date of this dividend was Monday, June 17th. Vertiv’s payout ratio is 9.62%.

Insider Buying and Selling at Vertiv

In other Vertiv news, Director Doherty Philip O’ sold 9,529 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $109.30, for a total value of $1,041,519.70. Following the transaction, the director now owns 6,882,859 shares of the company’s stock, valued at $752,296,488.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Vertiv news, Director Doherty Philip O’ sold 9,529 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $109.30, for a total value of $1,041,519.70. Following the transaction, the director now owns 6,882,859 shares of the company’s stock, valued at $752,296,488.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Roger Fradin sold 16,667 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $103.86, for a total value of $1,731,034.62. Following the sale, the director now directly owns 218,333 shares in the company, valued at approximately $22,676,065.38. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,674,034 shares of company stock valued at $354,931,478. 5.01% of the stock is currently owned by company insiders.

Vertiv 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.