Vertiv Holdings Co (NYSE:VRT) Holdings Decreased by First American Bank

First American Bank trimmed its position in Vertiv Holdings Co (NYSE:VRT) by 1.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,691 shares of the company’s stock after selling 749 shares during the quarter. First American Bank’s holdings in Vertiv were worth $6,038,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. ORG Partners LLC increased its holdings in shares of Vertiv by 25.1% in the 3rd quarter. ORG Partners LLC now owns 458 shares of the company’s stock valued at $46,000 after acquiring an additional 92 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Vertiv by 18.6% in the 3rd quarter. Allworth Financial LP now owns 638 shares of the company’s stock valued at $63,000 after acquiring an additional 100 shares during the last quarter. NBC Securities Inc. increased its holdings in shares of Vertiv by 0.9% in the 3rd quarter. NBC Securities Inc. now owns 13,125 shares of the company’s stock valued at $1,305,000 after acquiring an additional 112 shares during the last quarter. Callan Family Office LLC boosted its position in Vertiv by 0.9% during the 3rd quarter. Callan Family Office LLC now owns 14,989 shares of the company’s stock valued at $1,491,000 after purchasing an additional 137 shares during the period. Finally, Optimum Investment Advisors boosted its position in Vertiv by 11.1% during the 3rd quarter. Optimum Investment Advisors now owns 1,500 shares of the company’s stock valued at $149,000 after purchasing an additional 150 shares during the period. 89.92% of the stock is currently owned by institutional investors.

Vertiv Trading Up 1.9 %

Shares of VRT stock opened at $112.17 on Monday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.00 and a current ratio of 1.36. Vertiv Holdings Co has a 1 year low of $34.60 and a 1 year high of $116.41. The stock has a fifty day moving average of $93.57 and a two-hundred day moving average of $90.26. The firm has a market capitalization of $42.08 billion, a PE ratio of 87.63, a price-to-earnings-growth ratio of 1.47 and a beta of 1.59.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.07. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. Vertiv’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.52 earnings per share. As a group, research analysts expect that Vertiv Holdings Co will post 2.58 EPS for the current year.

Vertiv Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.09%. The ex-dividend date was Tuesday, September 17th. Vertiv’s payout ratio is 7.81%.

Insider Activity at Vertiv

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction dated 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 transaction, the insider now 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. 5.01% of the stock is owned by insiders.

Analyst Ratings Changes

VRT has been the subject of a number of analyst reports. Bank of America boosted their price objective on Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday. Citigroup boosted their price objective on Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday. Oppenheimer boosted their price objective on Vertiv from $115.00 to $121.00 and gave the company an “outperform” rating in a research report on Thursday. Evercore ISI boosted their price objective on Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Jefferies Financial Group began coverage on Vertiv in a research report on Monday, October 7th. They set a “buy” rating and a $125.00 price target for the company. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $122.11.

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.