Vertiv Holdings Co (NYSE:VRT) Shares Sold by Highlander Partners L.P.

Highlander Partners L.P. trimmed its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 5.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 411,241 shares of the company’s stock after selling 25,000 shares during the quarter. Vertiv comprises approximately 15.8% of Highlander Partners L.P.’s holdings, making the stock its 2nd largest holding. Highlander Partners L.P.’s holdings in Vertiv were worth $19,752,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Commonwealth Equity Services LLC purchased a new stake in shares of Vertiv during the third quarter worth $2,241,000. Cambridge Investment Research Advisors Inc. raised its holdings in Vertiv by 5.6% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 48,099 shares of the company’s stock valued at $1,789,000 after acquiring an additional 2,548 shares in the last quarter. Xponance Inc. increased its stake in Vertiv by 4.1% in the third quarter. Xponance Inc. now owns 14,558 shares of the company’s stock valued at $542,000 after purchasing an additional 577 shares during the last quarter. Raymond James & Associates grew its position in shares of Vertiv by 255.0% during the third quarter. Raymond James & Associates now owns 67,375 shares of the company’s stock worth $2,506,000 after acquiring an additional 48,396 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in shares of Vertiv by 71.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 24,165 shares of the company’s stock worth $899,000 after acquiring an additional 10,031 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Vertiv from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Citigroup lifted their price objective on shares of Vertiv from $102.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Mizuho lifted their price objective on shares of Vertiv from $56.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. Evercore ISI lifted their price objective on shares of Vertiv from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Finally, Oppenheimer raised their target price on Vertiv from $96.00 to $98.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $81.11.

Vertiv Trading Down 1.5 %

VRT traded down $1.49 during midday trading on Tuesday, hitting $95.77. The company’s stock had a trading volume of 3,968,583 shares, compared to its average volume of 8,147,144. The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 2.09. The firm has a market cap of $35.85 billion, a P/E ratio of 93.32, a PEG ratio of 1.41 and a beta of 1.55. The firm has a 50-day moving average price of $80.18 and a two-hundred day moving average price of $59.96. Vertiv Holdings Co has a 52-week low of $14.68 and a 52-week high of $97.49.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Vertiv had a return on equity of 44.95% and a net margin of 5.79%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.24 EPS. On average, research analysts anticipate that Vertiv Holdings Co will post 2.42 earnings per share for the current year.

Vertiv Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 19th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.10%. The ex-dividend date was Monday, March 18th. Vertiv’s payout ratio is currently 9.62%.

Insider Transactions at Vertiv

In other news, EVP Stephen Liang sold 306,196 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the completion of the sale, the executive vice president now owns 51,841 shares in the company, valued at approximately $3,641,311.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Stephen Liang sold 306,196 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $70.24, for a total transaction of $21,507,207.04. Following the completion of the sale, the executive vice president now owns 51,841 shares in the company, valued at approximately $3,641,311.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Scott Cripps sold 56,594 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $70.76, for a total value of $4,004,591.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,362,790 shares of company stock worth $306,451,347. 5.62% of the stock is currently owned by company insiders.

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.