MBB Public Markets I LLC Makes New $3.86 Million Investment in Vertiv Holdings Co (NYSE:VRT)

MBB Public Markets I LLC purchased a new stake in shares of Vertiv Holdings Co (NYSE:VRT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 44,577 shares of the company’s stock, valued at approximately $3,859,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA bought a new stake in shares of Vertiv in the 2nd quarter valued at about $331,091,000. Price T Rowe Associates Inc. MD increased its holdings in Vertiv by 303.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,777,057 shares of the company’s stock valued at $390,143,000 after buying an additional 3,591,903 shares during the period. Coatue Management LLC raised its stake in Vertiv by 19.5% in the fourth quarter. Coatue Management LLC now owns 13,811,848 shares of the company’s stock worth $663,383,000 after buying an additional 2,249,353 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Vertiv by 5.5% during the first quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company’s stock worth $2,745,930,000 after buying an additional 1,766,784 shares during the period. Finally, Castle Hook Partners LP purchased a new stake in Vertiv during the first quarter worth $135,987,000. 89.92% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Vertiv Stock Performance

Shares of VRT opened at $98.41 on Friday. The stock has a 50-day moving average of $80.81 and a two-hundred day moving average of $86.24. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.00 and a current ratio of 1.36. The stock has a market cap of $36.84 billion, a P/E ratio of 94.63, a P/E/G ratio of 1.26 and a beta of 1.58. Vertiv Holdings Co has a one year low of $34.60 and a one year high of $109.27.

Vertiv (NYSE:VRT) last posted its earnings results on Wednesday, July 24th. The company reported $0.67 earnings per share (EPS) for the quarter, beating 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 net margin of 6.93% and a return on equity of 50.79%. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.46 earnings per share. As a group, research analysts predict that Vertiv Holdings Co will post 2.58 EPS for the current year.

Vertiv Announces Dividend

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

Analyst Ratings Changes

Several research analysts have recently commented on VRT shares. Mizuho raised Vertiv from a “neutral” rating to an “outperform” rating and reduced their price target for the stock from $95.00 to $92.00 in a research report on Wednesday, August 7th. TD Cowen lifted their price objective on shares of Vertiv from $89.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Evercore ISI reiterated an “outperform” rating and set a $105.00 price objective on shares of Vertiv in a research note on Thursday, August 15th. Finally, The Goldman Sachs Group lowered their target price on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $102.13.

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.