Vertiv Holdings Co (NYSE:VRT) Stock Holdings Boosted by Clearbridge Investments LLC

Clearbridge Investments LLC boosted its position in Vertiv Holdings Co (NYSE:VRT) by 15.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,553,001 shares of the company’s stock after purchasing an additional 340,639 shares during the quarter. Clearbridge Investments LLC owned about 0.68% of Vertiv worth $221,013,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VRT. GAMMA Investing LLC raised its holdings in shares of Vertiv by 22.3% during the first quarter. GAMMA Investing LLC now owns 653 shares of the company’s stock valued at $53,000 after buying an additional 119 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its position in Vertiv by 66.7% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 500 shares of the company’s stock worth $41,000 after acquiring an additional 200 shares during the period. Mather Group LLC. grew its stake in shares of Vertiv by 132.5% in the second quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after purchasing an additional 200 shares in the last quarter. Merrion Investment Management Co LLC increased its holdings in shares of Vertiv by 0.7% during the second quarter. Merrion Investment Management Co LLC now owns 30,200 shares of the company’s stock valued at $2,614,000 after purchasing an additional 200 shares during the period. Finally, TFC Financial Management Inc. raised its stake in shares of Vertiv by 23.9% during the first quarter. TFC Financial Management Inc. now owns 1,090 shares of the company’s stock valued at $89,000 after purchasing an additional 210 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VRT has been the topic of several research analyst reports. 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. TD Cowen boosted their target price on Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. The Goldman Sachs Group cut their target price on Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Finally, Mizuho upgraded Vertiv from a “neutral” rating to an “outperform” rating and lowered their price target for the company from $95.00 to $92.00 in a research report on Wednesday, August 7th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, Vertiv has an average rating of “Buy” and an average target price of $102.13.

Vertiv Trading Down 1.9 %

Vertiv stock opened at $97.62 on Wednesday. Vertiv Holdings Co has a 1 year low of $34.60 and a 1 year high of $109.27. The firm’s 50 day moving average price is $81.17 and its two-hundred day moving average price is $86.78. The firm has a market cap of $36.54 billion, a price-to-earnings ratio of 93.87, a price-to-earnings-growth ratio of 1.26 and a beta of 1.58. 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 (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. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.94 billion. Vertiv had a return on equity of 50.79% and a net margin of 6.93%. Vertiv’s revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 earnings per share. On average, research analysts predict that Vertiv Holdings Co will post 2.58 EPS for the current fiscal 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 given a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.10%. The ex-dividend date of this dividend was Tuesday, September 17th. Vertiv’s dividend payout ratio (DPR) is currently 9.62%.

Insider Transactions at Vertiv

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 shares were sold at an average price of $79.99, for a total value of $3,593,470.76. Following the completion of the transaction, the insider now owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.01% of the stock is currently owned by 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.