Vertiv Holdings Co (NYSE:VRT) Shares Bought by Callan Family Office LLC

Callan Family Office LLC grew its stake in Vertiv Holdings Co (NYSE:VRT) by 0.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,989 shares of the company’s stock after acquiring an additional 137 shares during the quarter. Callan Family Office LLC’s holdings in Vertiv were worth $1,491,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. increased its stake in Vertiv by 296.0% during the fourth 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. Clearbridge Investments LLC raised its holdings in Vertiv by 15.4% in the 2nd quarter. Clearbridge Investments LLC now owns 2,553,001 shares of the company’s stock valued at $221,013,000 after buying an additional 340,639 shares during the period. Swiss National Bank lifted its position in Vertiv by 1.3% in the first quarter. Swiss National Bank now owns 1,085,200 shares of the company’s stock valued at $88,628,000 after buying an additional 14,100 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Vertiv by 1,019.3% during the first quarter. Acadian Asset Management LLC now owns 4,007 shares of the company’s stock worth $326,000 after buying an additional 3,649 shares during the period. Finally, J.W. Cole Advisors Inc. acquired a new stake in shares of Vertiv during the first quarter valued at about $700,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Transactions at Vertiv

In other Vertiv news, insider Karsten Winther sold 44,924 shares of the 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 transaction, the insider now directly owns 10,542 shares in the company, valued at $843,254.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 5.01% of the company’s stock.

Vertiv Stock Performance

Shares of Vertiv stock opened at $106.72 on Tuesday. The business has a 50-day simple moving average of $82.73 and a 200-day simple moving average of $87.33. The company has a market cap of $39.95 billion, a PE ratio of 102.62, a P/E/G ratio of 1.26 and a beta of 1.59. Vertiv Holdings Co has a one year low of $34.60 and a one year high of $109.27. 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 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. The company had revenue of $1.95 billion for 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 quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 EPS. On average, equities research analysts forecast that Vertiv Holdings Co will post 2.58 EPS for the current fiscal year.

Vertiv Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were issued a $0.025 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.09%. Vertiv’s payout ratio is currently 9.62%.

Analyst Ratings Changes

VRT has been the topic of several recent analyst reports. Mizuho upgraded shares of Vertiv from a “neutral” rating to an “outperform” rating and decreased their price objective for the stock from $95.00 to $92.00 in a report on Wednesday, August 7th. Evercore ISI raised their price target on Vertiv from $105.00 to $125.00 and gave the stock an “outperform” rating in a research report on Monday. The Goldman Sachs Group dropped their price objective on Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Jefferies Financial Group started coverage on Vertiv in a report on Monday. They set a “buy” rating and a $125.00 target price for the company. Finally, TD Cowen boosted their price target on shares of Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, Vertiv currently has an average rating of “Buy” and a consensus price target of $106.89.

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.