Quest Partners LLC Buys 1,566 Shares of Vertiv Holdings Co (NYSE:VRT)

Quest Partners LLC boosted its stake in Vertiv Holdings Co (NYSE:VRT) by 10,440.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,581 shares of the company’s stock after acquiring an additional 1,566 shares during the period. Quest Partners LLC’s holdings in Vertiv were worth $137,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VRT. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Vertiv in the 4th quarter valued at about $1,062,000. Vanguard Personalized Indexing Management LLC lifted its stake in Vertiv by 6.2% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 21,331 shares of the company’s stock valued at $1,025,000 after buying an additional 1,246 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of Vertiv by 24.7% during the 4th quarter. Quadrant Capital Group LLC now owns 857 shares of the company’s stock worth $41,000 after buying an additional 170 shares in the last quarter. Level Four Advisory Services LLC grew its position in shares of Vertiv by 6.7% during the 4th quarter. Level Four Advisory Services LLC now owns 13,012 shares of the company’s stock worth $625,000 after buying an additional 813 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Vertiv by 4,848.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 212,071 shares of the company’s stock valued at $10,186,000 after acquiring an additional 207,785 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analysts Set New Price Targets

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

Vertiv Price Performance

VRT opened at $86.99 on Tuesday. The firm has a market cap of $32.56 billion, a P/E ratio of 83.64, a PEG ratio of 1.08 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 Holdings Co has a fifty-two week low of $34.60 and a fifty-two week high of $109.27. The firm has a 50-day moving average of $79.64 and a 200 day moving average of $84.91.

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

Vertiv Dividend Announcement

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

Insider Activity

In related news, insider Karsten Winther sold 44,924 shares of Vertiv 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 completion of the sale, the insider now owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 5.01% of the company’s stock.

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.