Vertiv Holdings Co. $VRT Stock Acquired by Kestra Advisory Services LLC

Kestra Advisory Services LLC grew its stake in shares of Vertiv Holdings Co. (NYSE:VRT) by 13.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 99,397 shares of the company’s stock after acquiring an additional 11,831 shares during the period. Kestra Advisory Services LLC’s holdings in Vertiv were worth $23,985,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Sachetta LLC lifted its holdings in Vertiv by 41.4% during the 1st quarter. Sachetta LLC now owns 123 shares of the company’s stock worth $31,000 after purchasing an additional 36 shares in the last quarter. Cornerstone Planning Group LLC boosted its position in shares of Vertiv by 60.5% in the first quarter. Cornerstone Planning Group LLC now owns 130 shares of the company’s stock valued at $33,000 after acquiring an additional 49 shares during the period. Burkett Financial Services LLC purchased a new position in Vertiv during the third quarter valued at approximately $35,000. Center for Financial Planning Inc. grew its stake in Vertiv by 554.2% during the first quarter. Center for Financial Planning Inc. now owns 157 shares of the company’s stock valued at $39,000 after acquiring an additional 133 shares in the last quarter. Finally, Ravenstone Capital Management Inc. bought a new stake in Vertiv during the 1st quarter worth approximately $40,000. 89.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Mizuho set a $300.00 target price on shares of Vertiv in a research note on Thursday, October 29th. Wells Fargo & Company lifted their price objective on Vertiv from $340.00 to $345.00 and gave the company an “overweight” rating in a research note on Thursday, October 29th. Loop Capital dropped their price objective on Vertiv from $500.00 to $400.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Wall Street Zen upgraded Vertiv from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Finally, TD Cowen upped their target price on Vertiv from $356.00 to $357.00 and gave the stock a “buy” rating in a research note on Thursday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Vertiv has a consensus rating of “Moderate Buy” and a consensus price target of $337.78.

Vertiv Trading Up 3.3%

Shares of Vertiv stock opened at $182.49 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.39 and a quick ratio of 1.01. Vertiv Holdings Co. has a 1 year low of $147.82 and a 1 year high of $379.93. The firm has a market cap of $70.26 billion, a PE ratio of 34.11, a PEG ratio of 0.58 and a beta of 2.11. The company has a 50 day simple moving average of $236.97 and a two-hundred day simple moving average of $269.74.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.39. Vertiv had a net margin of 15.99% and a return on equity of 53.31%. The firm had revenue of $4.31 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the prior year, the firm earned $1.24 EPS. The business’s revenue for the quarter was up 61.2% compared to the same quarter last year. Analysts expect that Vertiv Holdings Co. will post 7.17 earnings per share for the current fiscal year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Monday, September 14th were given a dividend of $0.0625 per share. The ex-dividend date was Monday, September 14th. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. Vertiv’s dividend payout ratio (DPR) is presently 4.67%.

Insiders Place Their Bets

In other Vertiv news, Director Edward Monser sold 15,287 shares of Vertiv stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $253.82, for a total transaction of $3,880,146.34. Following the completion of the sale, the director owned 16,500 shares of the company’s stock, valued at $4,188,030. The trade was a 48.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is owned by insiders.

Key Headlines Impacting Vertiv

Here are the key news stories impacting Vertiv this week:

• Positive Sentiment: Vertiv’s recent quarter reportedly beat revenue estimates by about $550 million, delivered record results and came with raised guidance. One Wall Street team argues the selloff may overstate the threat because orders have not yet been affected. Vertiv Beat by $550 Million Last Week. It Has Lost 23% Since Tuesday’s Vote Vertiv Suffered a Near 40% Drop Over 6 Months
• Positive Sentiment: A report says Vertiv has locked in three years of AI power-chip supply. Securing supply could help the company serve continued demand for data-center infrastructure. Vertiv Holdings Co Locked In Three Years Of AI Power Chip Supply
• Neutral Sentiment: Zacks describes VRT as a strong growth stock, but its article highlights a research-service stock-rating framework rather than a new company development. Here’s Why Vertiv Holdings Co. Is a Strong Growth Stock
• Negative Sentiment: The main near-term pressure is concern that the election outcome and potential data-center permitting limits, including a reported Texas permit freeze, could restrain AI infrastructure spending. The reports indicate this is a prospective risk; they do not establish that Vertiv’s orders have declined. Steve Weiss Says the Midterms Just Put a Lid on AI Spending
• Negative Sentiment: Broader weakness in AI-related stocks and ETFs may be adding to pressure on VRT, while the article notes the shares have lost about 23% since Tuesday’s vote. Some of the Year’s Hottest AI ETFs Are in Big Trouble Today

Vertiv Profile

Vertiv Holdings Co (NYSE: VRT) designs, manufactures and services critical digital infrastructure used by data centers, communications networks and commercial and industrial facilities. Its offerings help customers maintain reliable power, cooling and operating conditions for technology systems.

The company’s products and solutions include uninterruptible power supplies, power distribution equipment, thermal management systems, racks, integrated modular infrastructure, and monitoring and control software.