Beck Capital Management LLC Purchases 17,190 Shares of Vertiv Holdings Co (NYSE:VRT)

Beck Capital Management LLC raised its position in shares of Vertiv Holdings Co (NYSE:VRT) by 22.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,472 shares of the company’s stock after purchasing an additional 17,190 shares during the period. Vertiv makes up approximately 2.2% of Beck Capital Management LLC’s investment portfolio, making the stock its 8th biggest position. Beck Capital Management LLC’s holdings in Vertiv were worth $8,092,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VRT. Bogart Wealth LLC bought a new position in Vertiv in the 1st quarter valued at approximately $25,000. Atticus Wealth Management LLC acquired a new position in shares of Vertiv during the first quarter worth $27,000. Mather Group LLC. lifted its stake in shares of Vertiv by 132.5% in the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock valued at $29,000 after acquiring an additional 200 shares during the last quarter. OFI Invest Asset Management acquired a new stake in shares of Vertiv during the 2nd quarter valued at $34,000. Finally, Hazlett Burt & Watson Inc. bought a new stake in Vertiv during the 1st quarter worth $34,000. 89.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on VRT. Mizuho upgraded Vertiv from a “neutral” rating to an “outperform” rating and dropped their target price for the company from $95.00 to $92.00 in a research report on Wednesday, August 7th. Evercore ISI reiterated an “outperform” rating and issued a $105.00 price objective on shares of Vertiv in a report on Thursday, August 15th. TD Cowen lifted their target price on shares of Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, The Goldman Sachs Group decreased their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $102.13.

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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.01% of the stock is owned by company insiders.

Vertiv Stock Performance

Shares of VRT stock opened at $94.54 on Monday. The stock has a market capitalization of $35.39 billion, a PE ratio of 90.90, a PEG ratio of 1.08 and a beta of 1.58. The business’s 50 day simple moving average is $79.49 and its 200 day simple moving average is $85.45. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.36 and a quick ratio of 1.00. Vertiv Holdings Co has a one year low of $34.60 and a one year high of $109.27.

Vertiv (NYSE:VRT) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. Vertiv had a net margin of 6.93% and a return on equity of 50.79%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the firm posted $0.46 EPS. The company’s quarterly revenue was up 12.6% on a year-over-year basis. As a group, research analysts forecast that Vertiv Holdings Co will post 2.58 earnings per share for the current year.

Vertiv Announces Dividend

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

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.