Caldwell Investment Management Ltd. Sells 5,000 Shares of Vertiv Holdings Co (NYSE:VRT)

Caldwell Investment Management Ltd. lessened its holdings in Vertiv Holdings Co (NYSE:VRT) by 33.3% in the third quarter, Holdings Channel reports. The firm owned 10,000 shares of the company’s stock after selling 5,000 shares during the period. Vertiv accounts for 0.7% of Caldwell Investment Management Ltd.’s investment portfolio, making the stock its 28th largest holding. Caldwell Investment Management Ltd.’s holdings in Vertiv were worth $984,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. US Bancorp DE lifted its stake in 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 purchasing an additional 2,951 shares during the last quarter. Blair William & Co. IL purchased a new stake in Vertiv in the 1st quarter worth about $284,000. Acadian Asset Management LLC raised its stake in Vertiv by 1,019.3% in the 1st quarter. Acadian Asset Management LLC now owns 4,007 shares of the company’s stock valued at $326,000 after acquiring an additional 3,649 shares during the period. Covestor Ltd lifted its holdings in Vertiv by 31.4% during the first quarter. Covestor Ltd now owns 1,826 shares of the company’s stock valued at $149,000 after purchasing an additional 436 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in Vertiv by 37.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 11,535 shares of the company’s stock worth $942,000 after purchasing an additional 3,114 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

Vertiv Trading Up 1.8 %

Shares of VRT opened at $123.05 on Tuesday. Vertiv Holdings Co has a 1-year low of $41.01 and a 1-year high of $130.30. The company has a market capitalization of $46.19 billion, a P/E ratio of 82.03, a P/E/G ratio of 1.31 and a beta of 1.58. 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 firm’s 50 day simple moving average is $106.34 and its 200 day simple moving average is $93.93.

Vertiv (NYSE:VRT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the firm earned $0.52 EPS. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. Sell-side analysts forecast that Vertiv Holdings Co will post 2.69 earnings per share for the current fiscal year.

Vertiv Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.0375 per share. This is a positive change from Vertiv’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a dividend yield of 0.12%. Vertiv’s dividend payout ratio is 6.67%.

Insider Activity at Vertiv

In other Vertiv 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 transaction, the insider now directly owns 10,542 shares of the company’s stock, valued at approximately $843,254.58. This trade represents a 80.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.01% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on VRT shares. The Goldman Sachs Group lowered their price target on shares of Vertiv from $116.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Bank of America boosted their target price on shares of Vertiv from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Citigroup raised their price target on Vertiv from $130.00 to $134.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Jefferies Financial Group assumed coverage on Vertiv in a research note on Monday, October 7th. They set a “buy” rating and a $125.00 price objective on the stock. Finally, Oppenheimer raised their target price on Vertiv from $115.00 to $121.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average 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.