Prime Capital Investment Advisors LLC Raises Holdings in Vertiv Holdings Co (NYSE:VRT)

Prime Capital Investment Advisors LLC grew its stake in Vertiv Holdings Co (NYSE:VRT) by 12.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 7,821 shares of the company’s stock after buying an additional 893 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Vertiv were worth $778,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in VRT. ORG Partners LLC grew its holdings in Vertiv by 25.1% during the 3rd quarter. ORG Partners LLC now owns 458 shares of the company’s stock worth $46,000 after acquiring an additional 92 shares in the last quarter. Allworth Financial LP grew its stake in shares of Vertiv by 18.6% during the third quarter. Allworth Financial LP now owns 638 shares of the company’s stock worth $63,000 after purchasing an additional 100 shares in the last quarter. NBC Securities Inc. increased its holdings in Vertiv by 0.9% in the third quarter. NBC Securities Inc. now owns 13,125 shares of the company’s stock valued at $1,305,000 after buying an additional 112 shares during the last quarter. Nvwm LLC raised its stake in Vertiv by 1.3% in the third quarter. Nvwm LLC now owns 10,035 shares of the company’s stock valued at $998,000 after buying an additional 124 shares in the last quarter. Finally, Callan Family Office LLC lifted its holdings in Vertiv by 0.9% during the 3rd quarter. Callan Family Office LLC now owns 14,989 shares of the company’s stock worth $1,491,000 after buying an additional 137 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Vertiv Trading Down 0.1 %

NYSE:VRT opened at $120.86 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The stock’s 50 day simple moving average is $104.39 and its 200-day simple moving average is $93.49. Vertiv Holdings Co has a 12-month low of $41.01 and a 12-month high of $130.30. The firm has a market cap of $45.36 billion, a P/E ratio of 80.57, a PEG ratio of 1.35 and a beta of 1.58.

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

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.08%. The ex-dividend date of this dividend was Tuesday, September 17th. Vertiv’s dividend payout ratio (DPR) is 6.67%.

Insider Transactions at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of the company’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 directly owns 10,542 shares of the company’s stock, valued at $843,254.58. This represents a 80.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 5.01% of the company’s stock.

Analyst Ratings Changes

VRT has been the topic of several research analyst reports. Citigroup raised their target price on Vertiv from $130.00 to $134.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Bank of America upped their target price on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 24th. TD Cowen boosted their price target on shares of Vertiv from $93.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Mizuho raised their price objective on Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group started coverage on Vertiv in a research report on Monday, October 7th. They issued a “buy” rating and a $125.00 target price for the company. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $125.40.

About Vertiv

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.