Colonial River Investments LLC Acquires Shares of 7,446 Vertiv Holdings Co (NYSE:VRT)

Colonial River Investments LLC bought a new stake in shares of Vertiv Holdings Co (NYSE:VRT) during the third quarter, Holdings Channel.com reports. The fund bought 7,446 shares of the company’s stock, valued at approximately $741,000.

Several other hedge funds and other institutional investors also recently modified their holdings of VRT. Norden Group LLC purchased a new position in shares of Vertiv during the 1st quarter worth approximately $266,000. Janney Montgomery Scott LLC grew its stake in Vertiv by 335.1% in the first quarter. Janney Montgomery Scott LLC now owns 36,508 shares of the company’s stock worth $2,982,000 after purchasing an additional 28,118 shares during the period. GSA Capital Partners LLP bought a new position in Vertiv in the first quarter worth $645,000. Empowered Funds LLC purchased a new position in Vertiv during the first quarter valued at $372,000. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of Vertiv by 126.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 19,329 shares of the company’s stock valued at $1,579,000 after buying an additional 10,801 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VRT. Jefferies Financial Group assumed coverage on shares of Vertiv in a research note on Monday, October 7th. They issued a “buy” rating and a $125.00 price target for the company. Mizuho lifted their target price on shares of Vertiv from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Oppenheimer boosted their price target on Vertiv from $115.00 to $121.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Bank of America raised their price objective 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. Finally, Evercore ISI raised their price target on shares of Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $122.11.

Vertiv Stock Up 2.9 %

Shares of VRT stock opened at $125.75 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. Vertiv Holdings Co has a 12 month low of $39.51 and a 12 month high of $125.81. The stock has a market cap of $47.20 billion, a P/E ratio of 83.83, a P/E/G ratio of 1.31 and a beta of 1.58. The company has a 50 day simple moving average of $100.63 and a two-hundred day simple moving average of $92.46.

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

Vertiv Dividend Announcement

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

Insider Activity at Vertiv

In other news, insider Karsten Winther sold 44,924 shares of the 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 $843,254.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.01% of the stock is currently owned by corporate insiders.

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.