ASB Consultores LLC Decreases Holdings in Vertiv Holdings Co (NYSE:VRT)

ASB Consultores LLC lowered its holdings in Vertiv Holdings Co (NYSE:VRT) by 60.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,922 shares of the company’s stock after selling 4,427 shares during the quarter. ASB Consultores LLC’s holdings in Vertiv were worth $253,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. GAMMA Investing LLC increased its stake in Vertiv by 22.3% in the first quarter. GAMMA Investing LLC now owns 653 shares of the company’s stock valued at $53,000 after purchasing an additional 119 shares during the period. Lindbrook Capital LLC increased its position in Vertiv by 33.2% in the 1st quarter. Lindbrook Capital LLC now owns 550 shares of the company’s stock valued at $45,000 after acquiring an additional 137 shares during the period. Quadrant Capital Group LLC raised its stake in Vertiv by 24.7% during the 4th quarter. Quadrant Capital Group LLC now owns 857 shares of the company’s stock valued at $41,000 after acquiring an additional 170 shares during the last quarter. Farmers & Merchants Investments Inc. raised its stake in Vertiv by 66.7% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 500 shares of the company’s stock valued at $41,000 after acquiring an additional 200 shares during the last quarter. Finally, Mather Group LLC. lifted 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 acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Vertiv Price Performance

VRT opened at $94.55 on Friday. Vertiv Holdings Co has a 52-week low of $34.60 and a 52-week high of $109.27. The company has a 50 day moving average of $79.49 and a two-hundred day moving average of $85.25. The company has a market cap of $35.39 billion, a P/E ratio of 90.91, a P/E/G ratio of 1.08 and a beta of 1.58. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 1.90.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.57 by $0.10. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the business posted $0.46 EPS. The company’s revenue was up 12.6% on a year-over-year basis. On average, analysts expect that Vertiv Holdings Co will post 2.58 earnings per share for the current year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th will be given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date is Tuesday, September 17th. Vertiv’s payout ratio is 9.62%.

Insider Activity

In related news, insider Karsten Winther sold 44,924 shares of the company’s 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 sale, the insider now directly owns 10,542 shares of the company’s stock, valued at $843,254.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.01% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on VRT. The Goldman Sachs Group lowered their target price on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Mizuho raised Vertiv from a “neutral” rating to an “outperform” rating and lowered their price objective for the company from $95.00 to $92.00 in a report on Wednesday, August 7th. Evercore ISI reissued an “outperform” rating and set a $105.00 target price on shares of Vertiv in a research note on Thursday, August 15th. Finally, TD Cowen lifted their price target on Vertiv from $89.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $102.13.

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.