Vaughan Nelson Investment Management L.P. Has $10.75 Million Stock Holdings in Vertiv Holdings Co (NYSE:VRT)

Vaughan Nelson Investment Management L.P. cut its stake in Vertiv Holdings Co (NYSE:VRT) by 12.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 108,005 shares of the company’s stock after selling 14,961 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Vertiv were worth $10,745,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Krane Funds Advisors LLC acquired a new position in shares of Vertiv during the 3rd quarter worth $29,000. Anchor Investment Management LLC acquired a new position in shares of Vertiv during the 2nd quarter worth $26,000. Global Trust Asset Management LLC acquired a new position in shares of Vertiv during the 3rd quarter worth $30,000. Mather Group LLC. raised its holdings in shares of Vertiv by 132.5% during the 2nd quarter. Mather Group LLC. now owns 351 shares of the company’s stock worth $29,000 after buying an additional 200 shares in the last quarter. Finally, ORG Wealth Partners LLC acquired a new position in shares of Vertiv during the 3rd quarter worth $36,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Karsten Winther sold 44,924 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was 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 of the company’s stock, valued at approximately $843,254.58. This represents a 80.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.01% of the stock is owned by company insiders.

Vertiv Stock Down 0.1 %

Shares of Vertiv stock opened at $120.87 on Monday. Vertiv Holdings Co has a one year low of $41.01 and a one year high of $130.30. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.38 and a quick ratio of 1.02. The stock’s 50-day moving average is $105.37 and its 200 day moving average is $93.71. The firm has a market cap of $45.37 billion, a price-to-earnings ratio of 80.58, a PEG ratio of 1.31 and a beta of 1.58.

Vertiv (NYSE:VRT) last announced its earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.69 by $0.07. Vertiv had a return on equity of 55.33% and a net margin of 7.72%. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the company earned $0.52 EPS. The firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. Equities research analysts anticipate that Vertiv Holdings Co will post 2.69 EPS for the current year.

Vertiv Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.08%. The ex-dividend date of this dividend was Tuesday, September 17th. Vertiv’s dividend payout ratio (DPR) is currently 6.67%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on VRT shares. Oppenheimer boosted their price target on Vertiv from $115.00 to $121.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Mizuho boosted their price target on Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. The Goldman Sachs Group reduced their price objective on Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. UBS Group assumed coverage on Vertiv in a research report on Wednesday, November 13th. They set a “buy” rating and a $155.00 price objective on the stock. Finally, Jefferies Financial Group assumed coverage on Vertiv in a research report on Monday, October 7th. They set a “buy” rating and a $125.00 price objective on the stock. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $125.40.

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.