Braun Stacey Associates Inc. Has $46.82 Million Stake in Vertiv Holdings Co (NYSE:VRT)

Braun Stacey Associates Inc. lessened its stake in Vertiv Holdings Co (NYSE:VRT) by 1.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 470,591 shares of the company’s stock after selling 5,978 shares during the period. Vertiv comprises about 1.8% of Braun Stacey Associates Inc.’s holdings, making the stock its 9th biggest position. Braun Stacey Associates Inc.’s holdings in Vertiv were worth $46,819,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in VRT. Empowered Funds LLC bought a new stake in shares of Vertiv in the first quarter valued at about $372,000. US Bancorp DE raised its stake in shares of Vertiv by 25.7% in the first quarter. US Bancorp DE now owns 14,412 shares of the company’s stock valued at $1,177,000 after acquiring an additional 2,951 shares during the last quarter. Blair William & Co. IL acquired a new stake in shares of Vertiv in the first quarter valued at approximately $284,000. Vanguard Group Inc. increased its holdings in shares of Vertiv by 5.5% in the first quarter. Vanguard Group Inc. now owns 33,622,257 shares of the company’s stock valued at $2,745,930,000 after purchasing an additional 1,766,784 shares in the last quarter. Finally, Acadian Asset Management LLC grew its holdings in Vertiv by 1,019.3% during the 1st quarter. Acadian Asset Management LLC now owns 4,007 shares of the company’s stock worth $326,000 after acquiring an additional 3,649 shares during the period. Institutional investors own 89.92% of the company’s stock.

Vertiv Trading Down 0.1 %

VRT opened at $120.87 on Monday. Vertiv Holdings Co has a 1-year low of $41.01 and a 1-year high of $130.30. The company has a current ratio of 1.38, a quick ratio of 1.02 and a debt-to-equity ratio of 1.60. The company has a market cap of $45.37 billion, a P/E ratio of 80.58, a price-to-earnings-growth ratio of 1.31 and a beta of 1.58. The company has a fifty day moving average price of $105.37 and a two-hundred day moving average price of $93.71.

Vertiv (NYSE:VRT) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.07. Vertiv had a net margin of 7.72% and a return on equity of 55.33%. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the firm posted $0.52 earnings per share. The business’s revenue was up 19.0% compared to the same quarter last year. Analysts predict that Vertiv Holdings Co will post 2.69 EPS for the current fiscal year.

Vertiv Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.08%. The ex-dividend date of this dividend was Tuesday, September 17th. Vertiv’s payout ratio is presently 6.67%.

Analysts Set New Price Targets

VRT has been the subject of several research analyst reports. Evercore ISI boosted their price target on shares of Vertiv from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Oppenheimer boosted their price target on shares of Vertiv from $115.00 to $121.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Mizuho boosted their price objective on shares of Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. UBS Group began coverage on shares of Vertiv in a research note on Wednesday, November 13th. They issued a “buy” rating and a $155.00 price target on the stock. Finally, TD Cowen raised their target price on shares of Vertiv from $93.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $125.40.

Insider Transactions at Vertiv

In related news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction dated 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 directly owns 10,542 shares in the company, valued at approximately $843,254.58. The trade was a 80.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.01% of the stock is currently owned by 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.