Vertiv Holdings Co (NYSE:VRT) Stock Holdings Lessened by Edgestream Partners L.P.

Edgestream Partners L.P. cut its stake in shares of Vertiv Holdings Co (NYSE:VRT) by 32.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,827 shares of the company’s stock after selling 13,464 shares during the quarter. Edgestream Partners L.P.’s holdings in Vertiv were worth $2,769,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of VRT. ORG Partners LLC grew its holdings in shares of Vertiv by 25.1% in the 3rd quarter. ORG Partners LLC now owns 458 shares of the company’s stock worth $46,000 after acquiring an additional 92 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Vertiv by 18.6% in the 3rd quarter. Allworth Financial LP now owns 638 shares of the company’s stock worth $63,000 after acquiring an additional 100 shares during the last quarter. NBC Securities Inc. grew its holdings in shares of Vertiv by 0.9% in the 3rd quarter. NBC Securities Inc. now owns 13,125 shares of the company’s stock worth $1,305,000 after acquiring an additional 112 shares during the last quarter. Nvwm LLC grew its holdings in shares of Vertiv by 1.3% in the 3rd quarter. Nvwm LLC now owns 10,035 shares of the company’s stock worth $998,000 after acquiring an additional 124 shares during the last quarter. Finally, Callan Family Office LLC grew 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 worth $1,491,000 after acquiring an additional 137 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Vertiv Price Performance

VRT opened at $127.60 on Monday. The stock has a market cap of $47.89 billion, a price-to-earnings ratio of 85.07, a PEG ratio of 1.31 and a beta of 1.58. Vertiv Holdings Co has a 1 year low of $42.50 and a 1 year high of $145.67. 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 stock has a fifty day moving average price of $114.87 and a 200 day moving average price of $96.26.

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

Vertiv Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 3rd will be given a $0.0375 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.12%. This is a boost from Vertiv’s previous quarterly dividend of $0.03. Vertiv’s payout ratio is currently 6.67%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Bank of America lifted their target price on Vertiv from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Jefferies Financial Group initiated coverage on Vertiv in a research report on Monday, October 7th. They issued a “buy” rating and a $125.00 target price for the company. JPMorgan Chase & Co. raised their target price on Vertiv from $124.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. UBS Group initiated coverage on Vertiv in a research report on Wednesday, November 13th. They issued a “buy” rating and a $155.00 target price for the company. Finally, The Goldman Sachs Group raised their target price on Vertiv from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $138.50.

Insiders Place Their Bets

In other Vertiv news, insider Anand Sanghi sold 30,914 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $141.46, for a total value of $4,373,094.44. Following the completion of the sale, the insider now owns 19,448 shares of the company’s stock, valued at $2,751,114.08. The trade was a 61.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Stephen Liang sold 86,619 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $131.07, for a total value of $11,353,152.33. Following the completion of the sale, the executive vice president now directly owns 19,551 shares of the company’s stock, valued at $2,562,549.57. This represents a 81.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 216,451 shares of company stock valued at $26,699,153 over the last quarter. Insiders own 5.01% of the company’s stock.

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.