Vertiv Holdings Co (NYSE:VRT) is Deepwater Asset Management LLC’s 5th Largest Position

Deepwater Asset Management LLC lessened its position in Vertiv Holdings Co (NYSE:VRT) by 7.1% during the third quarter, Holdings Channel.com reports. The fund owned 151,160 shares of the company’s stock after selling 11,491 shares during the period. Vertiv accounts for 5.3% of Deepwater Asset Management LLC’s holdings, making the stock its 5th largest holding. Deepwater Asset Management LLC’s holdings in Vertiv were worth $15,039,000 at the end of the most recent reporting period.

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

Insider Transactions at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the transaction, the insider now directly owns 10,542 shares of the company’s stock, valued at $843,254.58. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.01% of the company’s stock.

Vertiv Trading Up 1.3 %

NYSE:VRT opened at $113.58 on Tuesday. The stock has a market cap of $42.61 billion, a price-to-earnings ratio of 88.74, a PEG ratio of 1.47 and a beta of 1.59. Vertiv Holdings Co has a 52 week low of $36.40 and a 52 week high of $116.41. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 1.90. The company’s 50 day moving average price is $94.27 and its 200-day moving average price is $90.46.

Vertiv (NYSE:VRT) last posted its quarterly 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 firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The company’s revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 earnings per share. On average, equities research analysts forecast that Vertiv Holdings Co will post 2.58 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were given a dividend of $0.025 per share. 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%.

Analyst Ratings Changes

A number of research firms have weighed in on VRT. Mizuho upped their target price on Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Bank of America increased their price objective on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. TD Cowen upped their target price on shares of Vertiv from $93.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Citigroup lifted their price target on shares of Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Oppenheimer upped 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. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $122.11.

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.