Bouvel Investment Partners LLC Has $1.09 Million Stake in Vertiv Holdings Co (NYSE:VRT)

Bouvel Investment Partners LLC reduced its position in shares of Vertiv Holdings Co (NYSE:VRT) by 1.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,980 shares of the company’s stock after selling 133 shares during the quarter. Bouvel Investment Partners LLC’s holdings in Vertiv were worth $1,092,000 at the end of the most recent reporting period.

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

Vertiv Stock Performance

Vertiv stock opened at $124.54 on Thursday. The business has a 50 day moving average of $102.48 and a 200-day moving average of $93.08. The company has a market capitalization of $46.74 billion, a P/E ratio of 83.03, a P/E/G ratio of 1.34 and a beta of 1.58. Vertiv Holdings Co has a 1 year low of $41.01 and a 1 year high of $130.30. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02.

Vertiv (NYSE:VRT) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.07. The firm 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%. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 earnings per share. On average, equities research analysts predict that Vertiv Holdings Co will post 2.69 earnings per share for the current year.

Vertiv Announces Dividend

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

Insider Activity

In related news, insider Karsten Winther sold 44,924 shares of the firm’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 transaction of $3,593,470.76. Following the completion of the sale, the insider now owns 10,542 shares of the company’s stock, valued at $843,254.58. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 5.01% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on VRT shares. Mizuho lifted their price objective on shares of Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. TD Cowen boosted their price target on Vertiv from $93.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Evercore ISI raised their price objective on Vertiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Oppenheimer boosted their target price on shares of Vertiv from $115.00 to $121.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group reduced their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vertiv has an average rating of “Buy” and an average price target of $125.40.

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.