Vertiv Holdings Co (NYSE:VRT) Shares Acquired by KCM Investment Advisors LLC

KCM Investment Advisors LLC boosted its holdings in shares of Vertiv Holdings Co (NYSE:VRT) by 19.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,730 shares of the company’s stock after buying an additional 4,595 shares during the quarter. KCM Investment Advisors LLC’s holdings in Vertiv were worth $2,858,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VRT. ORG Partners LLC raised its stake in shares of Vertiv by 25.1% in the third quarter. ORG Partners LLC now owns 458 shares of the company’s stock valued at $46,000 after acquiring an additional 92 shares in the last quarter. Allworth Financial LP increased its stake in shares of Vertiv by 18.6% during the third quarter. Allworth Financial LP now owns 638 shares of the company’s stock worth $63,000 after buying an additional 100 shares during the period. NBC Securities Inc. raised its holdings in Vertiv by 0.9% in the third quarter. NBC Securities Inc. now owns 13,125 shares of the company’s stock valued at $1,305,000 after acquiring an additional 112 shares in the last quarter. Nvwm LLC grew its holdings in Vertiv by 1.3% during the 3rd quarter. Nvwm LLC now owns 10,035 shares of the company’s stock worth $998,000 after acquiring an additional 124 shares in the last quarter. Finally, Callan Family Office LLC raised its holdings in shares of Vertiv by 0.9% in the 3rd quarter. Callan Family Office LLC now owns 14,989 shares of the company’s stock valued at $1,491,000 after purchasing an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Buying and Selling

In other news, insider Karsten Winther sold 44,924 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $79.99, for a total value of $3,593,470.76. Following the completion of the transaction, the insider now owns 10,542 shares of the company’s stock, valued at $843,254.58. The trade was a 80.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 5.01% of the stock is currently owned by company insiders.

Vertiv Stock Down 0.1 %

Vertiv stock opened at $120.86 on Friday. Vertiv Holdings Co has a fifty-two week low of $41.01 and a fifty-two week high of $130.30. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.38. The stock’s fifty day moving average is $105.37 and its two-hundred day moving average is $93.67. The firm has a market capitalization of $45.36 billion, a price-to-earnings ratio of 80.57, a price-to-earnings-growth ratio of 1.35 and a beta of 1.58.

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

Vertiv Dividend Announcement

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

Analyst Ratings Changes

VRT has been the subject of several analyst reports. Mizuho upped their price objective on Vertiv from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Jefferies Financial Group initiated coverage on shares of Vertiv in a research note on Monday, October 7th. They issued a “buy” rating and a $125.00 price target on the stock. TD Cowen boosted their price objective on shares of Vertiv from $93.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Citigroup upped their target price on shares of Vertiv from $130.00 to $134.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, 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 research report on Thursday, October 24th. Ten equities 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.

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.