Vertiv Holdings Co (NYSE:VRT) Shares Acquired by Moors & Cabot Inc.

Moors & Cabot Inc. boosted its holdings in Vertiv Holdings Co (NYSE:VRT) by 23.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,625 shares of the company’s stock after buying an additional 1,060 shares during the quarter. Moors & Cabot Inc.’s holdings in Vertiv were worth $487,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its holdings in shares of Vertiv by 296.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,205 shares of the company’s stock worth $634,000 after acquiring an additional 9,870 shares during the last quarter. California State Teachers Retirement System raised its holdings in Vertiv by 58.8% during the 4th quarter. California State Teachers Retirement System now owns 547,833 shares of the company’s stock worth $26,312,000 after buying an additional 202,766 shares during the period. Williamson Legacy Group LLC purchased a new stake in Vertiv during the fourth quarter valued at about $1,645,000. Quadrant Capital Group LLC boosted its holdings in shares of Vertiv by 24.7% in the fourth quarter. Quadrant Capital Group LLC now owns 857 shares of the company’s stock worth $41,000 after buying an additional 170 shares during the period. Finally, Swiss National Bank increased its position in shares of Vertiv by 1.3% in the first quarter. Swiss National Bank now owns 1,085,200 shares of the company’s stock worth $88,628,000 after acquiring an additional 14,100 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Vertiv Price Performance

Shares of NYSE:VRT opened at $92.06 on Friday. The firm has a market cap of $34.46 billion, a price-to-earnings ratio of 88.52, a P/E/G ratio of 1.08 and a beta of 1.58. Vertiv Holdings Co has a 1 year low of $34.60 and a 1 year high of $109.27. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.90. The business has a fifty day simple moving average of $79.39 and a 200 day simple moving average of $85.09.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.10. The company 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%. The business’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period last year, the business earned $0.46 EPS. As a group, sell-side analysts predict that Vertiv Holdings Co will post 2.58 earnings per share for the current fiscal year.

Vertiv Dividend Announcement

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 paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date of this dividend is Tuesday, September 17th. Vertiv’s dividend payout ratio (DPR) is presently 9.62%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, insider Karsten Winther sold 44,924 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total transaction of $3,593,470.76. Following the transaction, the insider now owns 10,542 shares in the company, valued at approximately $843,254.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.01% of the company’s stock.

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.