Banque Cantonale Vaudoise Raises Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Banque Cantonale Vaudoise lifted its position in Vertiv Holdings Co (NYSE:VRT) by 38.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 29,503 shares of the company’s stock after buying an additional 8,168 shares during the period. Banque Cantonale Vaudoise’s holdings in Vertiv were worth $2,935,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in VRT. Wrapmanager Inc. acquired a new position in shares of Vertiv in the 3rd quarter valued at $232,000. Meeder Asset Management Inc. grew its holdings in Vertiv by 1,441.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 42,354 shares of the company’s stock valued at $4,214,000 after buying an additional 39,607 shares in the last quarter. Caprock Group LLC acquired a new stake in Vertiv during the third quarter worth $409,000. GLOBALT Investments LLC GA raised its position in Vertiv by 3.0% in the third quarter. GLOBALT Investments LLC GA now owns 6,341 shares of the company’s stock valued at $631,000 after purchasing an additional 184 shares during the period. Finally, Claro Advisors LLC grew its stake in shares of Vertiv by 74.3% in the third quarter. Claro Advisors LLC now owns 5,155 shares of the company’s stock worth $513,000 after acquiring an additional 2,197 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

Vertiv Stock Performance

NYSE VRT opened at $140.94 on Wednesday. The firm has a market capitalization of $52.90 billion, a P/E ratio of 93.96, a price-to-earnings-growth ratio of 1.31 and a beta of 1.58. The firm’s fifty day moving average price is $107.65 and its two-hundred day moving average price is $94.27. Vertiv Holdings Co has a 1 year low of $41.01 and a 1 year high of $141.12. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60.

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

Vertiv Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 3rd will be issued a $0.0375 dividend. The ex-dividend date is Tuesday, December 3rd. This is a boost from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 0.11%. Vertiv’s dividend payout ratio is presently 6.67%.

Wall Street Analysts Forecast Growth

VRT has been the topic of several research analyst reports. TD Cowen lifted their price target on Vertiv from $115.00 to $141.00 and gave the stock a “buy” rating in a research report on Tuesday. Citigroup raised their target price on shares of Vertiv from $134.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday. Evercore ISI upped their target price on Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. The Goldman Sachs Group raised their price target on shares of Vertiv from $126.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Oppenheimer boosted their price objective on shares of Vertiv from $121.00 to $131.00 and gave the stock an “outperform” rating in a report on Tuesday. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $138.50.

Insider Transactions at Vertiv

In other Vertiv news, insider Karsten Winther sold 44,924 shares of Vertiv stock in a transaction on Tuesday, September 3rd. The shares were 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 of the company’s stock, valued at approximately $843,254.58. The trade was a 80.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.01% of the stock is currently owned by corporate insiders.

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.