Lindbrook Capital LLC Purchases 3,262 Shares of Vertiv Holdings Co (NYSE:VRT)

Lindbrook Capital LLC lifted its position in shares of Vertiv Holdings Co (NYSE:VRT) by 400.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,076 shares of the company’s stock after buying an additional 3,262 shares during the quarter. Lindbrook Capital LLC’s holdings in Vertiv were worth $406,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in VRT. Massachusetts Financial Services Co. MA purchased a new position in Vertiv during the second quarter valued at approximately $331,091,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Vertiv by 303.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock valued at $390,143,000 after acquiring an additional 3,591,903 shares during the period. Vanguard Group Inc. raised its position in shares of Vertiv by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company’s stock worth $2,745,930,000 after acquiring an additional 1,766,784 shares in the last quarter. Castle Hook Partners LP purchased a new stake in shares of Vertiv during the 1st quarter worth $135,987,000. Finally, Westfield Capital Management Co. LP boosted its position in Vertiv by 85.2% during the first quarter. Westfield Capital Management Co. LP now owns 3,399,272 shares of the company’s stock valued at $277,619,000 after purchasing an additional 1,563,466 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Vertiv Price Performance

Shares of NYSE VRT opened at $125.75 on Friday. Vertiv Holdings Co has a 52 week low of $39.51 and a 52 week high of $125.81. The business’s 50 day moving average price is $100.63 and its 200 day moving average price is $92.46. The company has a quick ratio of 1.02, a current ratio of 1.38 and a debt-to-equity ratio of 1.60. The firm 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.

Vertiv (NYSE:VRT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.69 by $0.07. The business had revenue of $2.07 billion for 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 business’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 EPS. On average, sell-side analysts expect that Vertiv Holdings Co will post 2.69 earnings per share for the current year.

Vertiv Announces Dividend

The company 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 annualized dividend and a dividend yield of 0.08%. The ex-dividend date of this dividend was Tuesday, September 17th. Vertiv’s payout ratio is currently 6.67%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on VRT shares. TD Cowen boosted their target price on shares of Vertiv from $93.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Citigroup increased their target price on shares of Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Oppenheimer upped 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. The Goldman Sachs Group dropped their target price on Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Finally, Bank of America increased their price target on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $122.11.

Insider Activity at Vertiv

In other 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 trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.01% of the stock is owned by company 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.