Lindbrook Capital LLC Buys 3,262 Shares of Vertiv Holdings Co (NYSE:VRT)

Lindbrook Capital LLC boosted its position in shares of Vertiv Holdings Co (NYSE:VRT) by 400.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,076 shares of the company’s stock after acquiring an additional 3,262 shares during the quarter. Lindbrook Capital LLC’s holdings in Vertiv were worth $406,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. ORG Partners LLC lifted its stake in shares of Vertiv by 25.1% in the 3rd quarter. ORG Partners LLC now owns 458 shares of the company’s stock worth $46,000 after purchasing an additional 92 shares during the period. Allworth Financial LP raised its position in Vertiv by 18.6% in the third quarter. Allworth Financial LP now owns 638 shares of the company’s stock worth $63,000 after acquiring an additional 100 shares during the period. NBC Securities Inc. boosted its stake in shares of Vertiv by 0.9% during the 3rd quarter. NBC Securities Inc. now owns 13,125 shares of the company’s stock worth $1,305,000 after acquiring an additional 112 shares during the last quarter. Nvwm LLC grew its position in shares of Vertiv by 1.3% during the 3rd quarter. Nvwm LLC now owns 10,035 shares of the company’s stock valued at $998,000 after acquiring an additional 124 shares during the period. Finally, Callan Family Office LLC increased its stake in shares of Vertiv by 0.9% in the 3rd quarter. Callan Family Office LLC now owns 14,989 shares of the company’s stock worth $1,491,000 after purchasing an additional 137 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Insider Buying and Selling

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the transaction, the insider now owns 10,542 shares in the company, valued at $843,254.58. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.01% of the stock is owned by corporate insiders.

Vertiv Price Performance

VRT stock opened at $125.75 on Friday. The company has a fifty day simple moving average of $100.63 and a two-hundred day simple moving average of $92.46. Vertiv Holdings Co has a 52 week low of $39.51 and a 52 week high of $125.81. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $47.20 billion, a P/E ratio of 83.83, a price-to-earnings-growth ratio of 1.31 and a beta of 1.58.

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

Vertiv Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on VRT shares. Evercore ISI boosted their price target on Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Bank of America lifted their target price on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. TD Cowen raised their price target on Vertiv from $93.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Oppenheimer upped their price objective on Vertiv from $115.00 to $121.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Citigroup lifted their target price on Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vertiv currently has an average rating of “Buy” and a consensus price target 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.