Highlander Partners L.P. Acquires 2,700 Shares of Vertiv Holdings Co (NYSE:VRT)

Highlander Partners L.P. lifted its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 0.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 413,941 shares of the company’s stock after buying an additional 2,700 shares during the period. Vertiv comprises 23.8% of Highlander Partners L.P.’s holdings, making the stock its largest position. Highlander Partners L.P.’s holdings in Vertiv were worth $35,835,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC increased its position in shares of Vertiv by 22.3% during the 1st quarter. GAMMA Investing LLC now owns 653 shares of the company’s stock worth $53,000 after purchasing an additional 119 shares during the last quarter. Lindbrook Capital LLC raised its position in Vertiv by 33.2% during the first quarter. Lindbrook Capital LLC now owns 550 shares of the company’s stock worth $45,000 after acquiring an additional 137 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Vertiv by 24.7% in the fourth quarter. Quadrant Capital Group LLC now owns 857 shares of the company’s stock valued at $41,000 after acquiring an additional 170 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its stake in Vertiv by 66.7% in the first quarter. Farmers & Merchants Investments Inc. now owns 500 shares of the company’s stock valued at $41,000 after acquiring an additional 200 shares during the last quarter. Finally, Mather Group LLC. grew its position in shares of Vertiv by 132.5% in the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Evercore ISI reiterated an “outperform” rating and issued a $105.00 target price on shares of Vertiv in a research note on Thursday, August 15th. TD Cowen raised their price objective on Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Mizuho raised Vertiv from a “neutral” rating to an “outperform” rating and decreased their target price for the stock from $95.00 to $92.00 in a report on Wednesday, August 7th. Finally, The Goldman Sachs Group cut their price target on Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $102.13.

Vertiv Stock Performance

NYSE:VRT opened at $87.28 on Wednesday. The stock has a 50 day simple moving average of $79.54 and a 200 day simple moving average of $85.02. The stock has a market cap of $32.67 billion, a P/E ratio of 83.92, a PEG ratio of 1.08 and a beta of 1.58. Vertiv Holdings Co has a 1-year low of $34.60 and a 1-year high of $109.27. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.90.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.10. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the firm earned $0.46 earnings per share. The company’s revenue was up 12.6% on a year-over-year basis. Research analysts anticipate that Vertiv Holdings Co will post 2.58 earnings per share for the current year.

Vertiv Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th will be given a dividend of $0.025 per share. The ex-dividend date is Tuesday, September 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.11%. Vertiv’s payout ratio is presently 9.62%.

Insider Transactions at Vertiv

In related news, insider Karsten Winther sold 44,924 shares of the business’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 sale, the insider now directly owns 10,542 shares in the company, valued at $843,254.58. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 5.01% of the company’s stock.

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.